Real estate stories
Harcourts, the 133-year-old real estate agency, transformed its global operations by adopting NetSuite, modernising from a 'fake' cloud solution.
Auckland's weaker market is likely to drag on national property sales, even as CoreLogic sees New Zealand prices edging up about 3% this year.
House prices in Takapuna surged 30% to NZD $1.3 million, as council-led upgrades and new apartments fuel demand in Auckland’s bayside hub.
A CBRE study says Asia Pacific tech firms are splitting operations across cities, with lower costs and R&D talent driving location choices.
The real estate group is set to expand faster in New Zealand after Derryn Mayne bought a 25% stake, bringing ownership back into local hands.
CoreLogic says tighter lending and higher costs have left investors and first home buyers tied on 24% of purchases in early 2019.
Flexible working could slash office costs and give staff a workspace near home, as Regus pitches on-demand offices to firms.
Flexible work could cut New Zealand’s CO2 emissions by 900,000 tonnes a year and add up to NZ$18.1 billion to the economy by 2030.
More than 35 companies have joined planning for the project, which aims to make Western Sydney’s 280-hectare site a testbed for autonomous vehicles.
Sales volumes in February marked the sharpest annual fall for 16 months, even as prices kept climbing across most of New Zealand.
The project will add a 3,000sqm town square and mixed-use buildings to central Takapuna, with work expected to begin from mid-2020.
Fewer rental homes and higher rents could follow a capital gains tax, with landlords also cutting back on professional property managers.
Record-low vacancies are pushing up Wellington office and industrial rents, even as investors weigh the risk of a proposed capital gains tax.
The awards highlight a pipeline of unbuilt schemes with the potential to reshape city skylines, including a GBP £1 billion Sydney tower.
The awards spotlight a €1 billion Sydney tower and other unbuilt schemes likely to reshape city skylines, transport and public space.
New Zealand property investors remain upbeat despite a proposed capital gains tax, with Colliers finding prices and confidence still broadly positive.
Tenants in Auckland and Wellington face tighter leasing conditions, with record-low vacancies likely to push rents higher over the coming years.
A Wellington agent earned Century 21 New Zealand’s top sales title after two years in the industry, joining the group’s global top 2 percent.
Tighter lending, weak wage growth and fewer homes on the market are limiting any relief for first-time buyers as prices fall.
Economic growth and measured construction are keeping real estate markets in good shape, even as Brexit and trade uncertainty cloud the outlook.