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Real estate Stories - Page 35

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Construction insolvencies up 53% in one year
Disaster Recovery

Construction insolvencies up 53% in one year

Construction firms are under mounting strain as price rises, supply shortages and softer demand push insolvencies higher across New Zealand.

By Staff Writer • 3 min read • Thu, 1st Jun 2023
Positive sentiment in CBD office markets
Hybrid & Remote Work

Positive sentiment in CBD office markets

Prime CBD office space is tightening in Auckland and Christchurch, while Wellington rents rise despite a temporary vacancy jump.

By Michael Curreen • 7 min read • Wed, 31st May 2023
Lifestyle properties follow wider market trends
Inflation

Lifestyle properties follow wider market trends

Sales have fallen sharply from last year’s peak as higher interest rates and broader uncertainty cool New Zealand’s lifestyle property market.

By Michael Curreen • 4 min read • Mon, 29th May 2023
National’s new housing strategy ‘a mixed bag’
Auckland University

National’s new housing strategy ‘a mixed bag’

The plan could cut central-city housing capacity, even as stronger transit-zone density and funding reforms win praise from some analysts.

By Michael Curreen • 8 min read • Sun, 28th May 2023
Clifftop build wins Australian Home of the Year
Real estate

Clifftop build wins Australian Home of the Year

Judges hailed the Tasmania-built clifftop home as a once-in-a-lifetime project at the HIA-CSR Australian Housing Awards in Hamilton Island.

By Michael Curreen • 5 min read • Mon, 22nd May 2023
Kiwi Property reports record sales
Capital Management

Kiwi Property reports record sales

Record sales at Sylvia Park, LynnMall and The Base helped offset a fall in property values as Kiwi Property posted a full-year loss.

By Michael Curreen • 4 min read • Mon, 22nd May 2023
‘Green shoots’ emerge in declining property market
Bank of New Zealand

‘Green shoots’ emerge in declining property market

First home buyers are showing renewed interest as easing lending rules and softer prices create opportunities in New Zealand’s slow market.

By Michael Curreen • 5 min read • Fri, 12th May 2023
What does the future look like for housing in New Zealand?
Hybrid & Remote Work

What does the future look like for housing in New Zealand?

Higher costs are pushing home ownership further out of reach, as New Zealand buyers favour central, higher-quality housing and amenity.

By Michael Curreen • 10 min read • Tue, 9th May 2023
Average New Zealand house price back to $900,000
Northland

Average New Zealand house price back to $900,000

Values are still falling in several centres, but slower declines and firmer migration are hinting the market may be nearing bottom.

By Michael Curreen • 16 min read • Tue, 9th May 2023
New listings lowest on record for April
Property Market

New listings lowest on record for April

Potential sellers are holding back as tight credit and uncertain interest rates drive April new listings to record lows nationwide.

By Michael Curreen • 4 min read • Mon, 1st May 2023
Reserve Bank proposing to ease LVR restrictions
Bank of New Zealand

Reserve Bank proposing to ease LVR restrictions

First-home buyers could find it easier to secure mortgages as lending limits are raised from 1 June, easing pressure on banks.

By Michael Curreen • 3 min read • Fri, 28th Apr 2023
The beginning of the end of NZ’s house price downturn?
GFC

The beginning of the end of NZ’s house price downturn?

Signs of a floor are emerging as mortgage rates stabilise and sales improve, though values have still fallen 10.5% over the past year.

By Michael Curreen • 3 min read • Thu, 20th Apr 2023
Two regions buck downward trend in latest property figures
Northland

Two regions buck downward trend in latest property figures

National prices kept falling in March, but the West Coast and Southland posted annual gains as sales slowed and homes stayed longer on the market.

By Michael Curreen • 5 min read • Tue, 18th Apr 2023
A new approach to student accommodation shortage
Higher education

A new approach to student accommodation shortage

Auckland’s student housing squeeze is easing as a NZD $250 million complex adds 907 rooms and could set a national template.

By Michael Curreen • 5 min read • Wed, 12th Apr 2023
Industrial property’s appeal continues
Supply Chain

Industrial property’s appeal continues

Vacancy remains near record lows as demand keeps industrial property attractive to investors, even as rising costs slow new development.

By Michael Curreen • 5 min read • Mon, 10th Apr 2023
Is the housing market a casualty of the Reserve Bank’s war on inflation?
Bank of New Zealand

Is the housing market a casualty of the Reserve Bank’s war on inflation?

Mortgage rates may already be near their peak, but new borrowers still face tough affordability tests and repricing pressure for months.

By Michael Curreen • 4 min read • Wed, 5th Apr 2023
Auckland CBD’s Skyworld complex up for sale
Auckland University of Technology

Auckland CBD’s Skyworld complex up for sale

Vacancy and redevelopment plans have cut Skyworld’s annual income to GBP £2.3 million, but the site could be reshaped into a major mixed-use precinct.

By Michael Curreen • 4 min read • Thu, 30th Mar 2023
Why knocking down warehouses is on the rise
Supply Chain

Why knocking down warehouses is on the rise

Older industrial stock is being bulldozed as occupiers demand taller, greener warehouses closer to customers, JLL says.

By Michael Curreen • 4 min read • Sun, 19th Mar 2023