News from our Content Partners
Support lacking for at-risk construction workers
While mental health in the construction is improving overall, more support is needed for the sector’s most vulnerable workers
MATES in Construction, a not-for-profit organisation which supports positive well-being in the industry, surveyed more than 2000 workers, with 85% of workers reporting good mental health in 2023. Continue →
How the market is responding to OCR cuts
The Reserve Bank has cut the Official Cash Rate (OCR) by another 50 basis points to 4.75%, but CoreLogic NZ Chief Property Economist, Kelvin Davidson, says August’s OCR cut has yet to boost house prices and difficult decisions are still ahead for borrowers
CoreLogic’s hedonic Home Value Index (HVI) showed another subdued month for the property market in September, with values down by a further 0.5%. Continue →
‘Whānau centre’ project recognised at design awards
Studio DB’s work for Ngāti Hine Health Trust has received a coveted Bronze Pin at the 2023 Designers Institute of New Zealand Best Design Awards and is a finalist in the 2023 Interior Awards
The Best Design Awards is an annual showcase of excellence in graphic, spatial, product, digital and motion design along with three special awards – Value of Design, Public Good and Toitanga. Continue →
Aussie developer drops Auckland skyscraper project
ICD Property, the Australian developer working on Auckland’s tallest tower, has decided to exit the project, listing it for sale just months after winning approval
ICD managing director Matt Khoo said the developer had decided to sell its first international site to allow it to pursue other projects in Australia. Continue →
Building product regulations on the way
New Zealand-based manufacturers, importers, retailers and distributers will be hit with new obligations to provide building product users with information about how building products contribute to compliance with the Building Code
The regulations will commence on 11 December 2023 by which time manufactures and importers must meet their obligations. Continue →
Earthquake-prone buildings can remain occupied
Most seismically vulnerable buildings are not imminently dangerous and can remain occupied while seismic remediation work is planned, funded and undertaken, the Ministry of Business, Innovation and Employment (MBIE) advises
The new seismic risk guidance has been developed by MBIE to help building owners and users understand seismic assessments and provide them with the tools to make informed and risk-based decisions about continuing to occupy buildings with low seismic ratings. Continue →
Prize-winning construction business upskills in earthquake strengthening
A Waikato construction company has won one of four major national prizes in Xero’s inaugural Beautiful Business Fund and will be using its $20,000 prize money to train staff for an earthquake strengthening project next year
Xero, the global small business platform has awarded four New Zealand small businesses and non-profits a share of the $750,000 global prize pool as part of the inaugural Xero Beautiful Business Fund. Continue →
Commercial sentiment rises following OCR cuts
Previous cycles have shown that Official Cash Rate (OCR) cuts have preceded periods of economic growth — a prospect that is already positively influencing investor sentiment
Results from Colliers’ latest survey of commercial property investor confidence clearly show the impact of the Reserve Bank’s decision on sentiment. Continue →