Why falling house prices won’t necessarily help affordability
If we look to Australia, house prices are declining, so housing there must be becoming more affordable – right? Continue →
Author Curreen
Global trends that could impact your real estate strategy
Overall, real estate markets are in good shape in 2019. Here are CBRE’s key reasons why:
Economic growth will pick up throughout 2019 despite uncertainty
Consumers and businesses remain confident, U.S. Continue →
Two small towns shine in real estate awards
It was a big night for two North Island towns at the Annual Awards Gala Dinner in Auckland, where Century 21 New Zealand has announced its real estate winners for 2018
Roger Webb of Century 21 Premier (Turangi) was named Top Salesperson for the Year for Units (the number of properties listed and sold). Continue →
What the Reserve Bank’s decision means for the property market
The Reserve Bank (RBNZ) has kept the official cash rate (OCR) on hold at 1.75% for the 15th consecutive time but suggested that a nearer term OCR cut may be on the cards. Continue →
Two-tiered real estate market continues
January saw 14 out of 16 regions experience annual increases in the median price for residential properties, including 5 new record median prices, while Auckland and Canterbury saw prices fall, according to the latest data from the Real Estate Institute of New Zealand (REINZ)
The national median price for residential properties increased by 5.8% from $520,000 in January 2018 to $550,000 in January 2019. Continue →
Dunedin set to remain the jewel of the south
The upswing in property values in Dunedin is likely to continue in 2019, given that demand is strong and the number of listings on the market is low, CoreLogic research analyst Kelvin Davidson believes
First home buyers have been very active in the market in recent months, but investors have also been keen to buy – despite the sense that the average Dunedin rental property might require more cash to bring it up to insulation standards than houses elsewhere in New Zealand. Continue →
Major proptech trends impacting commercial real estate in 2019
Proptech innovation continues to change the way real estate is built, managed and used, from reducing construction costs and streamlining documentation processes to centralising building amenities with cloud-based solutions
Proptech is one small part of a wider digital transformation attempting to fast track and enhance the property industry. Continue →
World’s first underground hotel opens in Shanghai
After a decade of construction, the world’s first “underground” hotel looks set to open its doors
The $210 million Shimao Wonderland InterContinental, located 30 kilometres from Shanghai, has been built in an abandoned quarry that plunges 80 metres below ground level. Continue →
Is this the big design trend of 2019?
Greenwalls have grown significantly in popularity over the last year, and as a result, are more readily available in a variety of designs for bathrooms
There are a number of benefits to greening a bathroom, including improved wellbeing and home air quality, absorption of pollutants and noise, and guaranteed aesthetic impact, now home improvement shows are driving the greenwall trend. Continue →
Top three predictions for the 2019 property market
As we enter 2019, with volumes low (but stable) and values showing reasonably consistent growth across many parts of the country, CoreLogic has made predictions for another solid year in property
1. Continue →
New Tauranga food and retail hub showcases shipping containers
The new “Container City” in Tauranga showcases the diversity, adaptability and unique design aesthetic shipping containers can bring to an inner-city urban space
Known as Our Place Tauranga, the food, entertainment and social hub is made up of more than 30 containers that vendors have fitted out and made their own. Continue →
What can New Zealand learn from Australia’s plummeting house prices?
House prices in Australia will suffer falls of up to 20 per cent, the largest since the ’80s, with a weak housing market likely to continue through 2019, according to Morgan Stanley research
Doubling its previous estimates to match the bleaker forecasts of AMP and ANZ earlier last year, the investment bank blamed tightening credit, deteriorating sentiment and a supply pipeline that is yet to respond to price weakness in the market for its revised outlook. Continue →
2019 real estate better than most predicted
Low interest rates, softer lending criteria, and Auckland’s ongoing undersupply of housing will help counter any negative influences impacting the property sector in 2019, says Ryan Mitchell, National Manager of Century 21 New Zealand
Mr Mitchell says there’s plenty to be optimistic about going into the new year with many economists and commentators leaning towards the positive side of the ledger when it comes to predicting the 2019 New Zealand real estate market. Continue →
Who were 2018’s best of the best in the New Zealand property market
Click to read CoreLogic’s report: New Zealand Best of the Best 2018
It’s been another fascinating year for NZ’s property market in 2018. Continue →
China’s Tallest Skyscraper Announced
One of China’s latest property developers Shiamo Group has revealed designs for China’s tallest building set to be located as the centrepiece to the Shenzhen Longgang master plan
Once completed the Shenzhen-Hong Kong International Centre located in Shenzhen will be the world’s third tallest building building behind SOM’s 828m Burj Khalifa in Dubai and the 1,000m tall Jeddah Tower in Saudi Arabia. Continue →
Colliers International launches Project Management division
Colliers International is launching a new Project Management division to be led by Kerry Woods, who recently oversaw the major refurbishment of Auckland’s QBE Centre
The division will build on the capability of Colliers’ Project Management team in Australia, which has delivered numerous large-scale projects on both sides of the Tasman. Continue →
Discover the city beneath Barangaroo
Underneath the award-winning Barangaroo South precinct lies a secret city – one built around a 77,000 sqm basement as large as one of the 42-storey towers that sit above it
From the mail room and loading dock to the centralised operations room and waste and recycling facilities, more than 200 people and over a dozen service partners call the basement ‘home’ day and night. Continue →
Megacity projects worth trillions planned and ongoing
A total of 6,645 planned and ongoing construction projects by the world’s megacities valued at US$4.2trn are sparking interest in residential and infrastructural developments, according to GlobalData
The United Nations predicts that, between 2016 and 2030, the percentage of the world’s population living in cities with at least a million inhabitants is likely to grow from 23% to 27%, and the number of megacities is projected to increase from 31 to 41. Continue →
Builders beware – robots are on the rise!
Robotic technology company FBR has built its first house in less than three days, in what the company describes as a feat of engineering to impact the future of the construction industry
Perth-based FBR, formerly known as Fastbrick Robotics, successfully constructed a 180sq m, three-bedroom, two-bathroom house, The Urban Developer reports. Continue →
New authority an important step but wider reform needed
The new Housing and Urban Development Authority (HUDA) will help the government cut through red-tape to deliver urban regeneration in our largest cities, an infrastructure expert believes
But to deliver affordable housing the government must now turn its attention to greenfield development and wider policy reform, says Stephen Selwood, Chief Executive of Infrastructure New Zealand. Continue →