Author Curreen

Property Trends
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While many homeowners are troubled by interest rates heading north, for now they’re not out of the ordinary when reviewing past decades, with a serviceable mortgage still attainable, says Century 21 New Zealand Owner Tim Kearins Historically, six or seven percent rates have been about the average for Kiwi borrowers, and that’s where the one and two-year rates currently sit. Continue →
Engineering
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ICD Property, the Australian developer working on Auckland’s tallest tower, has decided to exit the project, listing it for sale just months after winning approval ICD managing director Matt Khoo said the developer had decided to sell its first international site to allow it to pursue other projects in Australia. Continue →
Housing
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The Government has introduced two of the three bills meant to replace and simplify the Resource Management Act, but skeptics are not sure what it will do for the housing crisis The development community remains in the dark as to how the new system will be governed, funded, or practically implemented by those at the coalface, says Property Council New Zealand chief executive Leonie Freeman. Continue →
Construction
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The building industry is prepared for the coming increase in demand for ‘Low E’ glazing as new thermal performance requirements are phased in across the country, Window & Glass Association of New Zealand Chief Executive Brett Francis says Clause H1 of the New Zealand Building Code, which regulates the energy efficiency of buildings, was updated in November last year and the first phase of implementation began on Thursday 3 November. Continue →
Property Trends
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Despite property values dropping less than before, future increases to the Official Cash Rate will likely shoot down any optimism in the housing market, CoreLogic NZ Head of Research Nick Goodall says The housing market downturn slightly eased in October, with values falling by -1.3% over the month after tracking down -1.5% in September. Continue →
Housing
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A new investment partnership aims to build up to 100 new houses in Te Taitokerau, Associate Minister of Housing (Māori Housing) Peeni Henare says The Government is working with Te Pouahi o Te Taitokerau (a collective of Northland based Māori housing service providers and supported by Northland iwi, hapū and Ahu Whenua Trusts) to fund a prototype delivery model that will see 80-100 affordable rental homes and up to 110 infrastructure sites by 30 June 2025. Continue →
Residential
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A significant proportion of ‘insured’ residential property owners may not have sufficient insurance cover to rebuild their home in the event of total loss, new research commissioned by CoreLogic suggests A new survey commissioned by independent property data and analytics provider CoreLogic NZ is giving detailed insight into New Zealand’s established problem of home underinsurance amid high construction cost inflation, rising insurance premiums, and wider cost of living pressures. Continue →
Development
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Developers need to get it right for the very start if their build-to-rent projects are to have a chance of success, says a leader in the sector in Australia Build-to-rent’s meteoric rise as a development strategy and model is continuing as developers look to shift into the space and find ways to make their projects succeed. Continue →
Property Trends
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Sales are down for farms, as is the median price per hectare, with a number of factors putting pressure on the industry, says REINZ Rural Spokesman Brian Peacocke Data released by the Real Estate Institute of New Zealand (REINZ) shows there were -126 fewer farm sales (-38.2%) for the three months ended August 2022 than for the three months ended August 2021. Continue →
Construction
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Above average preconstruction shows significantly higher client satisfaction, greater profits and fewer delays, yet fewer than one-in-five survey respondents are conducting above-average preconstruction This year, Procore partnered with FMI to survey 979 construction industry stakeholders worldwide. Continue →
Commercial
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The official opening of Bowen Campus Stage Two by Precinct Properties adds 10,049sqm of commercial property to the Wellington market 40 Bowen Street is the new home to EY, Fujitsu, Simpson Grierson and Dentons, with a Generator shared workspace offering on the Ground and First Floors, comprising a meeting suite and private offices accommodating around 300 desks. Continue →
Industrial
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Industrial precincts across the country have seen vacancy rates falling, rental rates rising and development activity surging as occupier demand for industrial workspace has boomed Demand for industrial workspace has escalated over recent years driving vacancy rates to multi-year lows across the country. Continue →
Sponsored
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The launch of new Autodesk Construction Cloud capabilities is set to give stakeholders access to critical model data with fewer steps, while powerful new features provide greater control over cost and schedule management A suite of new capabilities across Autodesk Construction Cloud is aimed at making it easier for construction project teams to use and maximise the value of BIM from the office to the field. Continue →
Property Trends
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School zones play a significant role in most families’ assessment of a property – they also help to hold a property’s value when the market is softer like now, says Century 21 New Zealand Owner Tim Kearins Century 21’s property managers and agents are noticing a lift in enquiries from prospective tenants and buyers as parents try to get their children accepted into certain schools for 2023. Continue →
Environment
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There is a lot at stake for those involved in property, as revealed in a study on what New Zealanders believe to be fair in relation to property being built on, bought or sold in areas that are known to be adversely affected by climate change The research has implications for the reputations of the myriad of organisations involved in climate action, from central and local government to real estate agents, developers, engineers, insurers and banks. Continue →
Construction
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A grant of close to $10.3 million will support a four-year research project focused on transforming the construction sector in New Zealand using Construction 4.0 approaches HERA, the heavy engineering research association, has been successful in the 2022 round of the prestigious Endeavour Fund, which supports important scientific research projects seeking to address some of our biggest challenges. Continue →
Property Trends
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Typically a slow month, August market activity was further affected by concerns around rising interest rates and inflation — however, there are early signs of a spring lift The latest data and insights from the Real Estate Institute of New Zealand (REINZ) finds that across New Zealand, median prices for residential property (excluding sections) decreased 5.9% annually, from $850,000 in August 2021 to $800,000 in August 2022. Continue →
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