Author Curreen

Construction
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In the face of a myriad of challenges, including the cost of goods and a shortage of staff, medium sized businesses in the construction sector have not been afraid to invest in innovation, an MYOB survey finds The effects of inflation are weighing heavily on many in the sector and with business leaders anticipating more headwinds over the coming months, attention now turns to investing in innovation to strengthen performance and drive growth. Continue →
Property Trends
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Declining home values continue to soften in many parts of New Zealand, yet QV says we are likely to see that rate of reduction both leap and fall in the coming months as a result of reduced sales activity The QV House Price Index for June 2023 shows the average home decreased in value by 1.8% nationally this quarter, a smaller rate of decline from the 3.4% decrease in quarterly value change experienced back in May. Continue →
Construction
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A decline in dwelling consents has alleviated pressure on New Zealand’s residential construction sector, leading to a slowdown in building activities and price growth, CoreLogic Chief Property Economist Kelvin Davidson says The latest Cordell Construction Cost Index (CCCI) shows construction costs rose 0.6% in the June quarter, in line with the March figures but well below the average quarterly increases of 2% recorded in 2021 and 2022. Continue →
Construction
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In today’s volatile economic climate, Benchmark Estimating Software Australia Chief Executive Frank Prestipino asks why so many construction companies still rely on spreadsheets to estimate costs On 23 March the Sydney Morning Herald reported that Lloyd Group, a large construction firm specialising in building schools and other government infrastructure had gone into administration. Continue →
Housing
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Kāinga Ora could take control of the planning and development for several suburbs along the yet-to-be-built Auckland Light Rail corridor, undermining Auckland Council’s local authority Senior Labour ministers have directed Kāinga Ora – Homes and Communities to assess the potential establishment of the Auckland Light Rail project as a Specified Development Project (SDP). Continue →
Commercial
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JLL provides insights into how the retail, office and industrial and logistics markets have performed in Q1 2023 in the country’s biggest cities Retail Snapshot Following the shift to more online platforms due to the pandemic, many small-scale retailers have moved away from expanding in physical retail spaces to grow their businesses. Continue →
Property Trends
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Property transaction volumes have turned a corner, after consecutive interest rate hikes and tighter lending rules triggered New Zealand’s largest sales slump since 1983, CoreLogic Chief Economist Kelvin Davidson says CoreLogic NZ’s Monthly Housing Chart Pack shows a 7.5% increase in residential sales numbers (via estate agents and private transactions) occurred in May compared to the same time last year. Continue →
Construction
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Civil Contractors New Zealand is seeking input from construction professionals on industry issues, workforce and technology in its annual Construction Industry Survey Now in its seventh year, this joint research project with Teletrac Navman aims to provide actionable insights to assist construction companies in overcoming challenges and capitalising on opportunities. Continue →
Property Trends
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As we head into the winter months, we are seeing glimpses of positivity, especially in the regions following the Reserve Bank’s announcement of easing loan-to-value restrictions and the stabilising of interest rates, REINZ Chief Executive Jen Baird says The Real Estate Institute of New Zealand’s (REINZ) May 2023 figures show an increase in sales counts in some parts of the country while buyers and sellers in other parts continue to wait. Continue →
Housing
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As part of its Housing Action Plan 2023-2025, Wellington City Council is taking several measures to support better housing outcomes in the city, including partnering with private building owners and developers There’s no denying that the housing crisis is the biggest issue facing Wellington, says Councillor Tamatha Paul, Chair of the Council’s Kōrau Tūāpapa Environment and Infrastructure Committee.  Continue →
Property Trends
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The Reserve Bank’s easing of LVR restrictions is already seeing more first-home buyers making enquiries with banks and brokers, says Tim Kearins, Owner of Century 21 New Zealand As of 1 June, loan-to-value ratio (LVR) limits on lending to owner-occupier borrowers with less than a 20 percent deposit have been loosened and property investors are allowed to have a lower deposit. Continue →
Sponsored
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The Reserve Bank of New Zealand has signalled an end to further rises in the Official Cash Rate (OCR) – Colliers explores what this could mean for property investors What Now for Yields as Peak in OCR is Signalled Having raised the cash rate at the most aggressive pace in its history, the Reserve Bank of New Zealand (RBNZ) has signalled that it has reached the top of the cycle. Continue →
Commercial
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In its Vertical Vacancy Review for Q1 2023, JLL explores the trends among occupiers and forecasts in rental growth and sustainability requirements in the CBD office markets across Auckland, Wellington, and Christchurch Throughout 2023, we are likely to see a further realignment of yield levels as investors adapt to the reset of funding costs, with an ongoing preference for prime assets over those with a high proportion of vacancy, higher risk occupiers, low seismic rating (especially in Wellington), or with larger capital investment requirements. Continue →
Property Trends
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The decline in residential sales activity is being played out in the neighbouring lifestyle property markets across much of New Zealand, with sales volumes falling from the previous highs of 2021 and 2022, REINZ Rural Spokesman Shane O’Brien says Data released by the Real Estate Institute of New Zealand (REINZ) shows there were 100 more lifestyle property sales (8.7%) for the three months ended April 2023 than for the three months ended March 2023. Continue →
Housing
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Though National’s decision to somewhat back down on the Medium Density Residential Standards (MDRS) comes as a disappointment, there are some good new policies in this plan, Better things are possible author Malcolm McCracken writes It’s important to start with the primary outcome of a National-led government implementing this plan – the ability for Councils to opt-out of the MDRS. Continue →
Design
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At the Housing Industry Association’s 2023 national Australia conference, the winners of the 2023 HIA-CSR Australian Housing Awards were revealed, with judges calling this year’s overall winner ‘a once-in-a-lifetime build’ The winners of the 2023 HIA-CSR Australian Housing Awards were unveiled before 550 industry leaders at the awards ceremony held as the final night of the HIA 2023 National Conference on Hamilton Island. Continue →
Commercial
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Kiwi Property says its financial results for the year ended 31 March 2023 (FY23) highlights the strength of its mixed-use property portfolio Kiwi Property has announced its financial results for the year ended 31 March 2023 (FY23), with robust rental growth and record sales. Continue →
Sponsored
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Warren and Mahoney (WAM) says it will reduce the embodied carbon emissions of its building designs by a minimum of 40 per cent by 2030 thanks to ‘machine-learning’ Using Autodesk’s cloud-based design and project management capabilities optimises building design and drives advanced machine learning and metaverse projects. Continue →
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