Author Curreen

Property Trends
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REINZ’s latest figures are a clear indication that despite intervention from the Government and the Reserve Bank, house prices will continue to skyrocket until supply catches up with demand Median prices for residential property across New Zealand increased by 32.3% from $620,000 in May 2020 to $820,000 in May 2021, driven by inventory levels being at their lowest point ever. Continue →
Property Trends
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Policies announced by the Government to control the housing crisis have started showing results, but Kalkine Chief Executive Kunal Sawhney says more needs to be done Real Estate Institute of New Zealand (REINZ) data saw house sales in April drop compared to March while the total number of properties sold declined by 28%. Continue →
Development
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Precinct Properties New Zealand has announced it will start construction on the Covid-19-delayed One Queen Street redevelopment in Auckland which will complement the new $1b Commercial Bay retail precinct The Urban Developer The NZX-listed company is one of the biggest owner-developers of premium city centre real estate in the country, and will redevelop the premium site on the waterfront in the heart of Auckland at a cost of $305 million. Continue →
Housing
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More houses, warmer homes and higher Māori home ownership were clear objectives in the Government’s latest budget, but they face criticism for lacking any real solutions to New Zealand’s housing crisis Finance Minister Grant Robertson announced his fourth budget, which will invest $3.8b in a Housing Acceleration Fund, insulate 47,700 homes and put $380m towards raising Māori homeownership, which currently sits at just 30%.  Continue →
Property Trends
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Government intervention likely came at the right moment for first home buyers, with their share of purchases having steadily dropped over the past three to six months, says CoreLogic Chief Economist Kelvin Davidson Nationally, first home buyers’ (FHB) market share in Q1 2021 was 21.5%, down from 24.8% six months ago and also the lowest since Q1 2018, according to the latest CoreLogic First Home Buyer Report. Continue →
Housing
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The cost to build a house surged 1.3% over Q1 2021 and we can expect this growth to continue, CoreLogic Chief Property Economist Kelvin Davidson explains The March quarterly growth is the highest rate of construction cost inflation since Q1 2019, and far above the 0.6% and 0.4% increases throughout Q3 and Q4 2020 respectively, according to CoreLogic’s Cordell Housing Index Price. Continue →
Property Trends
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While the national picture represents the busiest April in 5 years, the reality is that we’ve seen the number of sales decrease when compared to March, says REINZ Acting Chief Executive, Wendy Alexander The number of residential properties sold in April across New Zealand was the highest number of properties sold in an April month for 5 years with 7,218 properties sold, according to the latest data from the Real Estate Institute of New Zealand (REINZ). Continue →
Property Trends
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Anecdotes throughout April told of quieter open homes, a greater share of auctions ‘passing in’ and that a fear of over paying had replaced the fear of missing out, says CoreLogic head of research Nick Goodall Nationwide values increased by a further 3.1% over April according to the latest CoreLogic House Price Index (HPI). Continue →
Development
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A new multimillion-dollar public wetland will improve water quality in South Auckland waterways and support endangered native wildlife The constructed wetland at the 361 hectare Drury South Crossing subdivision, the country’s largest industrial and residential development, is designed to improve water quality in the area. Continue →
Development
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The National Policy Statement on Urban Development 2020 (NPS-UD) came into effect in August 2020 and guides council decision-making on the growth and development of New Zealand’s urban environments, Bayleys reports The key objectives of the NPS-UD are to increase the development capacity for houses and business, address housing affordability and ensure New Zealand communities are “well-functioning urban environments that enable all people and communities to provide for their social, economic, and cultural wellbeing, and for their health and safety, now and into the future.” Continue →
Property Trends
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Figures in the latest CoreLogic report are a clear “line in the sand” following the Government’s game-changing announcement in the final week of March, says Chief Property Economist Kelvin Davidson The CoreLogic Property Market & Economic Report for Q1 2021 reinforced the heated market conditions which led to the Government’s recent housing policy announcement. Continue →
Training & Management
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New Zealand’s construction boom means contractors are busier than ever, but throw in the demands of tax time, and running a small business in the construction sector quickly becomes a juggling act, says Fergus job management software founder Dan Pollard While the end of the financial year can add to your workload, it is also an opportunity to get a detailed picture of your business and put healthy financial habits in place that will save you from repeating mistakes in the future. Continue →
Property Trends
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The Manawatu/Wanganui region had the second highest capital gains and the fourth highest yields, according to an REINZ report Capital gains in the Manawatu/Wanganui region increased 25.3% for the three months ending December 2020 when compared to the same time last year with median prices going from $400,000 to $501,000. Continue →
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