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 →

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 →

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 →

The number of residential properties sold across New Zealand increased by 15.5% year-on-year – the highest number of sales in five months according to the Real Estate Institute of New Zealand The number of properties sold nationally increased from 5,880 in October 2017 to 6,791 in October 2018 – an increase of 911 houses. Continue →

Enhanced telecommunications connectivity, data insights, digital planning practices and innovation districts are among the issues addressed in a new standard of practice released by the Smart Cities Council and Green Building Council of Australia Released as part of the recent Smart Cities Week Australia in Sydney, the Code for Smart Communities is a new benchmark for urban development practices across greenfield communities, urban regeneration precincts and diverse institutional campuses. Continue →

Digital planning tools are on the cusp of systematic adoption by councils and metropolitan planning agencies around the world looking to do away with long-standing inefficiencies through data-driven city planning That’s according to a new research report released the Australian Housing and Urban Research Institute (AHURI), blockchain technology has the potential to dramatically transform the built environment and the social and private housing markets over the coming decades. Continue →

A booming tourism sector coupled with an extended period of hotel undersupply have resulted in some of the tightest market conditions experienced in Auckland’s CBD hotel sector, according to Bayley’s latest Marketbeat research newsletter Performance metrics are exceptionally strong and look set to stay this way especially as the central city plays host to a growing list of major international events over the next few years including the America’s Cup and the APEC summit, both in 2021. Continue →

The 4.5-star Waldorf Stadium Apartment Hotel located in the heart of Auckland CBD has sold to Australian-based Mulpha Group Colliers International and CBRE have announced the sale off the back of an international sales campaign that yielded multiple investors wishing to take advantage of New Zealand’s current tourism boom and strong hotel market fundamentals. Continue →

The sales of two central North Island hotels in recent weeks have highlighted the strength of New Zealand’s regional tourism economy amid the country’s ongoing tourism boom One of the largest hotels in Palmerston North, the Hotel Coachman, has recently sold to the Distinction Hotel Group, while the Skotel Alpine Resort in Tongariro National Park has also sold to a local investor. Continue →

Prime office rents in Auckland’s CBD are expected to rise by up to 5% a year until more supply becomes available in 2020, according to new forecasts The latest Colliers Essentials reports offer snapshots of the CBD office markets in Auckland and Wellington. Continue →

The low number of new listings in July meant the number of houses sold in New Zealand during September decreased by -3.0% year-on-year This was the lowest level number of properties sold since January this year, according to the latest data from the Real Estate Institute of New Zealand (REINZ). Continue →

The impact of rail infrastructure developments to drive real estate investment and development is being dramatically demonstrated in Australia New South Wales is in the midst of an unprecedented period of infrastructure spending, with a nearly $90 billion pipeline accounting for a record 17.7% of total budget spending over the next four years. Continue →

Auckland CBD’s office market has reached a pivotal moment, with the prime vacancy rate decreasing for the first time in three years to 3.5% Conversely, after a significant period of decline, secondary vacancy climbed to 8.1%. Continue →

Spring may have come early for the Auckland property market, with the first median house price increase in six months Latest data from the Real Estate Institute of New Zealand (REINZ) reveals a 1.4% rise in Auckland prices to $852,000 in August. Continue →

Green buildings aren’t just better for the environment and cheaper to run – there are also clear occupancy benefits for commercial property landlords and investors Colliers International’s latest monthly research report has found green buildings in Auckland and Wellington have higher occupancy rates than office properties in general. Continue →

  House prices across New Zealand have continued to rise in July with a 6.2% increase year-on-year with a median price for the country of $550,000 according to the latest data from the Real Estate Institute of New Zealand (REINZ) For New Zealand excluding Auckland, the increase was even greater with an 8.6% annual increase from $419,000 to $455,000. Continue →

Winter impacted real estate sales volumes across the country in June but has done little to halt price rises in most regions, according to the Real Estate Institute of New Zealand In June the median price across the country rose by 5.7% to a record-equal median of $560,000 up from $530,000 the same time last year. Continue →

The $23.3 million sale of a seven-storey commercial building on Auckland’s K’Road shows offshore investor appetite for CBD properties with solid fundamentals remains strong The sale of 75 Karangahape Road is the third substantial Auckland CBD transaction involving overseas buyers within the last month. Continue →

Confidence in New Zealand’s residential property market is now higher than before last year’s election, with house price increases expected in every market surveyed Colliers International’s latest quarterly Residential Property Market Outlook Survey found overall sentiment in the residential property market has continued to track upwards this year, gaining 8 percentage points in the last quarter. Continue →

A year-on-year price increase of $27,000 has seen New Zealand achieve a new record median house price of $562,000 – a 5.0% increase – according to the latest data from the Real Estate Institute of New Zealand (REINZ)   Median prices for New Zealand excluding Auckland increased by 5.8% annually to $455,000, up from $430,000. Continue →