Author Curreen

Construction
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The construction industry is turning to new technology and updating business practices to address mental health challenges that are plaguing the industry, new research finds The Optus Business Construction Industry Pulse 2022 report, conducted by ACA Research, found 45% of construction business owners say their employees had issues with mental health and wellbeing during the first two years of the pandemic. Continue →
Property Trends
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Global fall in interest rates, the tax system, and restrictions on the supply of land for urban use are the main cause of higher house prices over last 20 years, but recent policy changes and reforms show promise Te Tai Ōhanga, Te Tūāpapa Kura Kāinga and Te Pūtea Matua have published a joint paper that provides an assessment of the key drivers of the housing market over the last 20 years. Continue →
Housing
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Further innovation is needed in the construction industry to meet both shorter and longer-term housing requirements, says Autodesk Construction Solutions Industry Strategist Sumit Oberoi The New Zealand Government’s Bill to increase housing supply, and the introduction of the National Policy Statement on Urban Development (NPS-UD) in July 2020, are important measures to address the country’s housing shortage over the longer term. Continue →
Rental
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Melbourne’s first build-to-rent development, a 59-level tower in Southbank, has opened its doors with a third of its 400 apartments now occupied Home, a build-to-rent development and investment business formed in 2017, is behind the rental project at 256-260 City Road—alongside the Crown Entertainment Complex and Southbank Waterfront Precinct. Continue →
Commercial
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JLL New Zealand explores how commercial property is performing in the country’s three largest cities and how those markets are poised for the remainder of the year Industrial Market The logistics and industrial property markets in Auckland, Wellington and Christchurch continue to be the most active. Continue →
Construction
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The Commerce Commission is recommending the establishment of a centralised digital national key products registry to increase trust and confidence in residential building supplies A national products register would act as the primary reference source for information about building products, including the information that will be required to be disclosed as a result of the building law reforms, the Commerce Commission says. Continue →
Property Trends
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Sharply rising interest rates and the large wave of refinancing of existing mortgages that will occur over the next year will test the declining property market, CoreLogic NZ Chief Property Economist Kelvin Davidson says CoreLogic’s quarterly market overview confirms that the slowdown of sales activity in the first quarter of 2022 has flowed through to a marked decline in property values and was one of many challenges to hit the market. Continue →
Commercial
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Faced with surging inflation, commercial property owners are taking a hard look at how to recoup costs through rent structures, Bayleys reports With the country’s interest rates hitting a 30-year high, commercial landlords and tenants have been forced into something of a tussle over rent structures in a bid to balance rising costs. Continue →
Housing
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National residential construction cost pressures have continued to escalate, with both quarterly and annual rates of indexed growth reaching new record highs, CoreLogic finds CoreLogic NZ’s Cordell Construction Cost Index (CCCI) for Q2 2022 indicates the cost to build a ‘standard’ 200 sqm three-bedroom, two-bathroom single storey brick and tile house in Aotearoa rose 2.6% over the quarter, lifting annual growth to 7.7%, the largest increase since the CCCI commenced in late 2012. Continue →
Housing
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The Government’s latest changes to its Kiwibuild scheme will make a real difference for developers and those looking for an affordable home, New Zealand Mortgages & Securities Director James Kellow says Changes include an increase to the price caps for one-to-three bedroom Kiwibuild homes, with the price cap for a three-bedroom Kiwibuild property in Auckland increasing from $650,000 to $860,000. Continue →
Facilities Management
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Almost every large building has systems to control and monitor power and lighting, temperature and ventilation, elevators and more, known collectively as Building Management Systems, Claroty ANZ Regional Director Lani Refiti says Historically, Building Management Systems (BMS) were siloed with their own control facilities, connected over separate dedicated networks. Continue →
Training & Management
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After years of industry-led research and development, the Property Council of Australia has launched the pilot phase of its voluntary social sustainability reporting tool The Collective Social Impacts Framework, built in consultation with industry stakeholders, is designed to measure and report the benefits or harms of construction projects, precincts and assets. Continue →
Housing
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A $391-million masterplan aimed at transforming one of the key towns in the Snowy Mountains has been finalised The NSW Department of Regional Planning today released the 40-year masterplan for the Snowy Mountains’ Special Activation Precinct (SAP), aimed at transforming Jindabyne, best known as the gateway to the NSW ski fields, into a year-round economy. Continue →
Property Trends
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As the downturn sets in, and with interest rates set to rise further, greater consideration is now being given to ‘how long and how far will this go’, CoreLogic NZ Head of Research Nick Goodall says CoreLogic’s House Price Index found property values fell a further -0.8% in June, completing a hat-trick of months at the same rate of decline (-0.8% in both April and May). Continue →
Compliance & Legal
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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 →
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