A new rating system has rolled out in New South Wales to stop “a few bad apples” ruining the reputation of developers in Sydney, The Urban Developer reports The state government’s independent rating initiative comes as research found at least one-in-four apartment blocks in Sydney had one or more defects, including cracking, fire safety and water issues. Continue →

Auckland’s record number of new dwelling consents and unprecedented construction activity is giving the city’s largest non-bank lender the confidence to scale up its available funding to an all-time high While many finance companies are having to restrict new lending due to capital shortages, New Zealand Mortgages & Securities (NZMS) say its market position continues to strengthen. Continue →

Precinct Properties New Zealand has announced it will start construction on the Covid-19-delayed One Queen Street redevelopment in Auckland which will complement the new $1b Commercial Bay retail precinct The Urban Developer The NZX-listed company is one of the biggest owner-developers of premium city centre real estate in the country, and will redevelop the premium site on the waterfront in the heart of Auckland at a cost of $305 million. Continue →

A new multimillion-dollar public wetland will improve water quality in South Auckland waterways and support endangered native wildlife The constructed wetland at the 361 hectare Drury South Crossing subdivision, the country’s largest industrial and residential development, is designed to improve water quality in the area. Continue →

The National Policy Statement on Urban Development 2020 (NPS-UD) came into effect in August 2020 and guides council decision-making on the growth and development of New Zealand’s urban environments, Bayleys reports The key objectives of the NPS-UD are to increase the development capacity for houses and business, address housing affordability and ensure New Zealand communities are “well-functioning urban environments that enable all people and communities to provide for their social, economic, and cultural wellbeing, and for their health and safety, now and into the future.” Bayleys national director commercial & industrial Ryan Johnson says it’s already influencing many councils to allow more intensification of residential development. Continue →

With housing demand insatiable, the economy stable, zoning workable, costs controllable, and the public more agreeable, there’s never really been a better time to be a property developer, says New Zealand Mortgages & Securities Director James Kellow Despite four lockdowns in Auckland within the past 12 months, residential developers are seeing unprecedented sales, with well-designed and well-situated townhouses proving extremely popular in Auckland. Continue →

The largest residential housing development in Invercargill since it was first established is set to alleviate pressure on the local housing crisis Te Puāwai is a residential development, planned for a 70-ha block of land in Invercargill. Continue →

Kāinga Ora is playing its part in the regeneration of Avondale town centre by confirming its plans to build a new housing development known as Highbury Triangle The development, which is located between Great North Road and Community Lane, is expected to include 236 homes, which will predominately be made up of a state housing complex for older people, alongside a component of market homes and commercial space. Continue →

Well-designed and well-situated residential developments will always sell, and demand for affordable housing remains strong, says Director of New Zealand Mortgages & Securities (NZMS) James Kellow Auckland’s largest non-bank property financier remains extremely confident in the region’s long-term future. Continue →

The development is expected to contribute $2.3b to the economy, employ 6,000 people and provide affordable housing for 2,000 Kiwis when it is completed in 2027 More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment. Continue →

My company’s own commercial lending book is now favouring higher density affordable townhouse projects, with presales incredibly strong, says New Zealand Mortgages & Securities (NZMS) Director James Kellow We’re currently funding over 400 new residential townhouses in West and South Auckland. Continue →

Technological evolution has a huge influence on the property development sector and now there’s a new wave of property developers that do things differently and get better results The Urban Developer Any property developer will tell you that an enormous amount of work goes into what they do. Continue →

Smart has become the new normal as urbanisation accelerates and vertical living tenancy demands continue to increase The Urban Developer In response, new property developments are accelerating to support urbanisation, driving increased environmentally sustainable design, renewables, gigabit fibre, proptech, AI, IoT sensing and automation for more efficient and smarter properties for smart cities. Continue →

Auckland’s reputation as a bustling international hub and its potential as a young, vibrant city is enough to appeal to any modern developer, and this Melbourne-based developer Michael Mai, the founder of ICD Property and chief executive of Mai Group, is looking to make a splash with a sleek 48-level tower in downtown Auckland The Urban Developer ICD Property’s development at 65 Federal Street is the Melbourne-based company’s first step into the New Zealand market and its first international acquisition, a significant milestone in the firm’s journey from humble beginnings. Continue →

Formal expressions of interest are now open for transformational developers to partner with council organisation Panuku Development Auckland to deliver a high-quality mixed-use precinct in central Takapuna Currently known as the Anzac Street carpark, about 6,000 sqm of land will be made available from mid-2020 for commercial, residential and retail development behind the main street shops on Hurstmere Road and alongside Berkeley Cinema. Continue →