Author Curreen

Property Trends
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With the dust now settling on the new policy measures, evidence suggests that the effects on the market may not be as significant as initially thought, says CoreLogic Senior Research Analyst Kelvin Davidson It has been two weeks since the Government’s announcement to extend the Brightline Test and to taper/remove mortgage interest deductibility for investors. Continue →
Construction
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While the manufacturing, healthcare, and technology sectors have embraced technological advances and refined their processes, construction has lagged behind, but Digital Twin technologies could be the solution To achieve sustainable infrastructure, construction must adopt new technology and materials, the United Nations Environment Program reports. Continue →
Property Trends
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Last week’s housing announcement has drawn attention all over the country, and with CoreLogic data showing the highest rate of value growth in 15 years, it would appear this heightened attention is justified – CoreLogic Head of New Zealand Research Nick Goodall explains Nationwide values increased by a further 2.2% in March, which takes the annual growth rate to 16.1%, the highest rate of growth since January 2006. Continue →
Commercial
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2020 saw increased vacancy rates in the office, industrial and retail markets with mixed yields in each sector, but Colliers research says it is not all about COVID While the adverse economic impact of COVID-19 was a rightfully expected influence, other market dynamics pre-COVID (such as vacancy rates that were at historic lows and increasing development activity) also played their part. Continue →
Construction
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Construction has long been plagued by a lack of collaboration and communication right along the supply chain, according to construction payment application firm Payapps The Urban Developer Over time, this leads to job fragmentation, inefficient contract approaches and disputes over claims. Continue →
Development
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With housing demand insatiable, the economy stable, zoning workable, costs controllable, and the public more agreeable, there’s never really been a better time to be a property developer, says New Zealand Mortgages & Securities Director James Kellow Despite four lockdowns in Auckland within the past 12 months, residential developers are seeing unprecedented sales, with well-designed and well-situated townhouses proving extremely popular in Auckland. Continue →
Construction
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Over the last 10 years since the most destructive of Canterbury’s earthquakes, former Senior Structural Engineer with HERA (Heavy Engineering Research Association) Charles Clifton has analysed why certain structures (such as the CTV building) failed and what goes into making buildings more resilient under severe seismic stress Through my collaboration with HERA (New Zealand’s Heavy Engineering Research Association), the University of Canterbury Associate Professor Gregory MacRae and Auckland University of Technology Senior Lecturer Shahab Ramhormozian, New Zealanders can be assured that the best structural and civil engineering minds are resolving the challenges around building performance; human safety; and the cost of construction and remedial strengthening in light of what we learned from Christchurch. Continue →
Compliance & Legal
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Work undertaken by unauthorised people, not only risks your health and safety – but may also invalidate your insurance policy, says PGDB Chief Executive Martin Sawyers Owner and director of 5 Star Plumbing Ltd, Michael Mullany, was sentenced to a $6,000 yesterday at the Auckland District Court for doing restricted plumbing work with an employee, without a current licence. Continue →
Property Trends
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A new CoreLogic report on women and property reveals more about the apparent gender wealth gap, finding that men own 31,000 more properties than women in New Zealand CoreLogic’s latest comprehensive report, Women and Property: State of Play, provides an enlightening view of who is most engaged in the property market by gender, why the numbers break down as they do, and what institutions can do to promote higher rates of property ownership across the board. Continue →
Property Trends
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The CoreLogic House Price Index (HPI) for February 2021 suggests a housing slowdown could be on its way, with Tauranga the first of the main centres to see a month-on-month drop in house prices The recent upward momentum in the NZ residential property market continued through February, although the Tauranga decline could be a signal of things to come. Continue →
Materials
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A recent analysis by Frost & Sullivan has identified how the global construction materials market is set to change in 2021 The ongoing COVID-19 pandemic, renewed focus on environment-friendly and circular solutions and geopolitical issues are expected to affect the global construction industry for the next 10-15 years. Continue →
Property Trends
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Although incomes have fared better than might have been expected given COVID, average household incomes have not kept pace with property value growth, CoreLogic’s latest Housing Affordability Report reveals Since the last bi-annual CoreLogic NZ Housing Affordability Report in August 2020, the economy and property market have undergone largely unexpected and dramatic upturns. Continue →
Construction
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1.8 million kgs of reinforced concrete from the old Auckland Council building would be retained in the construction of a 6 Green Star office space designed for a post-COVID working environment A category one listed heritage building and artwork in Auckland’s CBD is set to become the site of the country’s largest-ever sustainable construction reuse project. Continue →
Property Trends
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The median house price across New Zealand sits at $730,300 as of January, down from $749,000 in December, yet REINZ Chief Executive Bindi Norwell is still positive Usually, in January the residential property market slows down, and prices ease off a bit as people head to the beach for their summer holidays, but the housing market was busier and more buoyant than we would usually see at this time of the year. Continue →
Materials
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Kenyan entrepreneur Nzambi Matee has created bricks from plastic waste five to seven times stronger than concrete Taryn Paris – The Urban Developer Engineer and entrepreneur Nzambi Matee was sick of seeing plastic waste polluting her corner of the world, so she set out to solve the problem. Continue →
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