Author Curreen

Construction
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The Apprentice Challenge celebrates up and coming leaders in the construction sector and puts their carpentry skills to the test in a six-hour challenge Apprentices build a project over the course of six hours in a battle for first place in their region, achieving bragging rights and a chance to win $10,000 in prizes at the national competition. Continue →
Property Trends
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Last year brought significant shifts in listings, average inventory, sales counts, and the days it takes to sell properties, REINZ reports As December concluded 2024, the New Zealand property market experienced a relatively quiet month, as indicated by the latest figures from the Real Estate Institute of New Zealand (REINZ). Continue →
Construction
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While the cost of building a house is still increasing, it is at a much slower rate than previously, CoreLogic finds The cost to build a ‘standard’ single storey three bedroom, two-bathroom standalone dwelling in NZ increased by 0.6% in the three months to December, half the 1.1% growth seen in the third quarter of 2024 and also below the long-term average quarterly rise of 1.0%. Continue →
Property Trends
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As we recover from a subdued market, REINZ figures show October to be a more positive month, with increases in sales and ever so slight increases in median prices, Chief Executive Jen Baird says There seems to be light at the end of the tunnel. Continue →
Commercial
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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 →
Construction
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Allowing certified building professionals to consent their own work may get houses built faster and for less cost, but insurance implications and the sector’s readiness are among concerns being raised Building and Construction Minister Chris Penk plans to develop a new opt-in self-certification scheme for qualified building professionals and accredited businesses. Continue →
Housing
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Tauranga’s mayor says the city is facing a housing shortage and it is better to occupy current dwellings than build new ones By Alisha Evans Local Democracy Reporter The number of ghost homes is on the rise in Tauranga, but the city still has fewer empty houses than another area in the region. Continue →
Property Trends
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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 →
Planning
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Experts agree that there is a sore need to reform the building consent process, exploring which of the options being investigated by the Government are the best way forward Better efficiency and consistency across the country is what Building and Construction Minister Chris Penk hopes to achieve by reforming the building consent system. Continue →
Environment
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Hazard mapping is one tool used to determine if a property can be insured, but it’s not the only factor that’s considered, the national insurers’ body says By Max Frethey, Local Democracy Reporter The assertion comes after Nelson City’s Council’s proposed hazard susceptibility overlays were alleged to have had a ‘chilling effect’ on the city’s property market by preventing properties from being insured. Continue →
Property Trends
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While overall sales slightly declined in August, REINZ’s latest numbers show notable increases in activity in several regions, and year-on-year listing numbers continue to rise   REINZ Chief Executive Jen Baird says August provided a sense of confidence and positivity to the property market. Continue →
Finance
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The New Zealand property sector’s direct contribution to GDP has soared to $50.2 billion, more than double what it was in 2012 The findings come from the 2024 Property Industry Impact Report, produced by Property Council New Zealand in collaboration with Urban Economics. Continue →
Construction
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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 →
Property Trends
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New data from realestate.co.nz indicates the property market is already responding after the Official Cash Rate (OCR) dropped 25 basis points to 5.25% The OCR dropped during August for the first time in four years, and in the 14 days immediately following the announcement, there was a noticeable uptick in buyer activity compared to the two weeks prior. Continue →
Commercial
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CBD prime retail markets across New Zealand’s biggest cities have continued to rebound this year, with Christchurch being the standout All cities have experienced significant leases recently completed, highlighting the continuing demand from luxury/premium retailers for prime locations. Continue →
Property Trends
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July brought a new wave of buyer activity not typically seen in late winter, with properties starting to sell faster than they hit the market, REINZ’s latest figures reveal Chief Executive Jen Baird says while listings continue to increase, the rise in sales volumes has seen the total number of properties for sale in New Zealand fall compared to last month. Continue →
Construction
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New research reveals that while overall business confidence has continued trending downwards, 94% of construction and manufacturing SMEs are confident about the next 12 months The latest RFI Global research commissioned by Prospa highlights the ongoing uncertainty in New Zealand’s business climate, with business confidence continuing to trend downwards despite earlier post-covid optimism. Continue →
Housing
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CoreLogic Chief Property Economist Kelvin Davidson explores the driving forces behind New Zealand’s decade-long house-building boom Townhouses have become a key component of growth for NZ’s housing market, accounting for 45% of all new dwelling consents across NZ lately, compared to just 6% back in 2012. Continue →
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