Author Curreen

Property Trends
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While the residential property downturn looks to be nearing its end in some areas, it is still gaining momentum in others, the latest QV House Price Index shows Values have reduced by an average of 4.5% throughout the first four months of 2023, including an average reduction of 0.6% in the month of April – a marked improvement on the 1.4% average decline recorded back in March. Continue →
Property Trends
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Loan-to-value ratio (LVR) restrictions put a ‘speed limit’ on how much new low-deposit lending banks can do, but the current settings were put in place back in November 2021 when risks were elevated LVR restrictions, imposed by the Reserve Bank of New Zealand, aim to promote financial stability by limiting high-risk mortgage lending. Continue →
Property Trends
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The stabilisation of mortgage rates is one of several market indicators signalling a possible end to the country’s extended property downturn, CoreLogic NZ Chief Property Economist Kelvin Davidson says Despite further house price falls in March, subdued property activity levels and early April’s 50 basis point cash rate hike, CoreLogic’s Monthly Housing Chart Pack shows the market fundamentals are not as weak as they have been. Continue →
Materials
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Environmental responsibility and renewability — when it comes to construction, multiple pieces play into this puzzle, especially the materials used and the overall durability of the structure The longer a concrete structure lasts, the better, because it reduces the need to make replacement concrete, which is an energy intensive resource. Continue →
Housing
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As more and more student flats are taken off the market in Auckland’s university precinct, a $250 million facility will provide a new accommodation model that could be rolled out nationwide The opening of New Zealand’s largest student accommodation facility is set to boost the infrastructure of the country’s tertiary education sector. Continue →
Industrial
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Ongoing tenant demand for industrial property has kept vacancy rates at historically low levels, despite higher interest rates, a cooling economy, and increased development activity, Colliers reports   Although, sales activity volumes for industrial premises have slowed due to challenging economic and tougher financial conditions, industrial property’s strong fundamentals continue to underpin the sector’s safe-haven credentials which have seen the sector’s share of total commercial and industrial sales increasing. Continue →
Property Trends
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While a 0.5% increase to the official cash rate (OCR) came as a surprise to some, taking it to 5.25% – its highest level since 2008, others say it is still workable CoreLogic Chief Economist Kelvin Davidson says the increase was larger than he and many other commentators had been anticipating, but it reflects the Reserve Bank’s (RBNZ) continued concerns about inflation. Continue →
Construction
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Homeowners may not be fully aware of how much it might now cost to rebuild their most valuable asset, CoreLogic says In just the first two months of 2023 New Zealand has experienced two significant weather events, with the Auckland Anniversary Weekend flooding alone expected to cost more than $1 billion, far exceeding the $350 million in insured losses recorded in 2022, previously the biggest year to date. Continue →
Commercial
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The prominent property at the heart of Auckland’s CBD is being presented to the market by Colliers, who say it is an opportunity to acquire one of the city’s most recognisable buildings The nine-level Skyworld entertainment centre sits at 291-297 Queen Street, Auckland and provides approximately 16,000sq m of total net lettable area on a 3,486sq m freehold site that is zoned Business – City Centre Zone under the Auckland Unitary Plan. Continue →
Construction
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Whether you are building a single-story home or a skyscraper, Medshop explores some of the most common dangers so you can remain educated and secure in your work environment Though the construction industry has advanced significantly in protecting its workers, there are still potential health and safety hazards you must manage onsite. Continue →
Industrial
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Demolishing and rebuilding warehouses in a flourishing industrial real estate sector may sound counterintuitive, but for a growing number of warehouse owners, the old buildings just don’t have what their tenants need, JLL reports Redeveloping industrial real estate in a strong market aims to address modern demands. Continue →
Property Trends
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The impact of ongoing economic headwinds and Cyclone Gabrielle is reflected in REINZ’s latest figures, but some data returns to ‘normal’ amidst a big clean-up job across the upper north and eastern North Island The Real Estate Institute of New Zealand’s (REINZ) February 2023 figures show a lesser rate of decline in annual median prices and sales counts, with stock levels returning to normal levels. Continue →
Commercial
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Colliers’ latest vacancy survey results conducted across the major Australasian office and industrial markets show that trends are broadly aligned, though there are variations in performance across localities and sectors Strongly underpinned by government occupation and bolstered by demand for higher quality office space from the corporate sector, latest survey results show Wellington’s CBD to be the strongest performing of Australasia’s major office markets. Continue →
Property Trends
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A quarter of landlords put up rents in the six months before May 2022, and one of the big reasons for this was increased costs lumped on by the Government, a survey commissioned by the Ministry of Housing and Urban Development finds As a result of Government policy changes in 2021, landlords are no longer being able to claim their full interest costs as an expense.  Continue →
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