Author Curreen

Property Trends
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Investment in transport is expected to invigorate development, and while there will be clear benefits for the property market, the work could also bring short-term disruption, labour shortages, construction cost increases and land speculation pressures Announced in late 2019, the Big New Zealand Upgrade is a $12b public works programme that aims to futureproof the country’s growth. Continue →
Finance
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The Reserve Bank’s decision to slash the Official Cash Rate from 1.00% to a new record low of 0.25% will help carry the momentum we’ve seen return to the property market in recent months, says Derryn Mayne, Owner of Century 21 New Zealand Regardless of how much the retail banks pass onto borrowers, the fact that interest rates are expected to stay at record-low levels in the foreseeable future will provide certainty and confidence in the sector. Continue →
Housing
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The average floor area of new homes has dropped by 21% over a decade, Statistics NZ revealed Bob Dey Construction statistics manager Melissa McKenzie said the average floor area peaked at 200m² in the December 2010 year, and shrank by 42m² in 2019. Continue →
Training & Management
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Leading cyber risk journal Recorded Future has investigated how threat actors are using the global disruptions caused by COVID-19 to further their cyber threat activities The emergence of coronavirus disease has also originated a new cybersecurity threat, igniting a bevy of COVID-19-themed phishing lures and newly registered COVID-19-related domains. Continue →
Property Trends
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Kiwi vendors are increasingly shying away from spending money on advertising their properties, but the benefits of investing in a strong marketing strategy can be huge, says Owner of Century 21 New Zealand Derryn Mayne Serious and targeted marketing will help deliver a faster, more efficient sale. Continue →
Compliance & Legal
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Developers of a New York skyscraper have been ordered to remove as many as 20 floors from the top of its recently completed project Ted Tabet – The Urban Developer The 200 Amsterdam Avenue development, being delivered by SJP Properties and Mitsui Fudosan America, has been found to have exceeded zoning limits after developers “gerrymandered” a 39-sided zoning lot in order to add height and bulk to the project. Continue →
Property Trends
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The average value of property across New Zealand rose by 1.1% over the month, taking the three-month change to 2.6%, and the average home is now worth $722,475 – up by 5.3% from a year ago, according to the CoreLogic QV February 2020 House Price Index results NZ average property values Property values are rising steadily across each of the main centres with the gains over the past three months ranging from 1.0% in Tauranga up to 5.4% in wider Wellington (measured across the City, Lower/Upper Hutt, and Porirua). Continue →
Engineering
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A $1 billion timber tower as part of the Sydney central station tech and innovation hub revealed earlier this month joins a growing number of major multi-storey timber projects internationally The Urban Developer The lightweight timber structures use a hybrid construction method to push height boundaries with a concrete core to stabilise them against the wind. Continue →
Development
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My company’s own commercial lending book is now favouring higher density affordable townhouse projects, with presales incredibly strong, says New Zealand Mortgages & Securities (NZMS) Director James Kellow We’re currently funding over 400 new residential townhouses in West and South Auckland. Continue →
Property Trends
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The number of properties sold in January across New Zealand was up 3.2% on the same time last year (from 4,459 to 4,603) making it the busiest January since 2016 according to the latest data from the Real Estate Institute of New Zealand (REINZ) For New Zealand excluding Auckland, the number of properties sold increased by 0.9% when compared to the same time last year (from 3,279 to 3,308) – also the highest for the month of January in 4 years. Continue →
Materials
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A “Frankenstein-like” concrete capable of healing its own cracks and absorbing carbon dioxide could revolutionise construction and defence industries Ingrid Woodrow – The Urban Developer The new “living concrete”, being developed by researchers in the US, is at the forefront of a new class of low-carbon, designer living building materials or LBMs, according to a recent article in the New York Times. Continue →
Development
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Technological evolution has a huge influence on the property development sector and now there’s a new wave of property developers that do things differently and get better results The Urban Developer Any property developer will tell you that an enormous amount of work goes into what they do. Continue →
Property Trends
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Data released by the Real Estate Institute of New Zealand (REINZ) shows growing strength in the lifestyle property sector There were 116 more lifestyle property sales (+6.4%) for the three months ended December 2019 than for the three months ended November 2019. Continue →
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