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 →

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The number of properties sold in April 2018 across New Zealand increased by 6.6% compared to the same time last year, according to the latest data from the Real Estate Institute of New Zealand (REINZ)   Some 6,368 houses were sold across the country in comparison to 5,973 in April 2017, marking the highest year-on-year increase in the real estate industry in 23 months. Continue →

Colliers International’s March quarter surveys on Commercial Investor Confidence and House Pricing were significantly more positive than the December 2017 surveys, back up to around September 2017 levels Overall Colliers Commercial Confidence index, countrywide, rose from 18 percent in December 2017, to 25 percent in March 2018. Continue →

The median house price for New Zealand rose 1.8% in March 2018 to reach a new record high of $560,000 up from $550,000 in March 2017, according to the latest data from the Real Estate Institute of New Zealand (REINZ) Median prices for New Zealand excluding Auckland increased by 6.2% year-on-year to a record high of $460,000. Continue →

Auckland’s new apartment market dropped by 30 per cent during the second half of 2017, Colliers International research shows Pete Evans, National Director of Residential Project Marketing at Colliers International, says the prolonged election period caused a downturn for the entire Auckland residential market. Continue →

A housing development with onsite amenities in Albany is finding favour with Generation X, says McConnell Property General Manager, Nigel Richards Point Ridge in Albany is a master planned community comprising 139 terraced homes/villas, four apartment blocks, two resort style pool complexes and a gym/community area Of the 21 homes remaining for sale at Point Ridge, there has been particularly strong demand from Generation X buyers. Continue →

Confidence in the residential property market has bounced back to near pre-election levels, new research shows Colliers International’s latest quarterly Residential Property Market Outlook Survey found overall sentiment in the residential property market has increased by 13 percentage points. Continue →

Auckland CBD office rents are continuing to climb despite supply pressures easing slightly over the last year, new research shows   Colliers International’s Auckland CBD Office Market Snapshot shows the overall CBD office vacancy rate remains low, at 5.9 per cent. Continue →

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Sales volumes across New Zealand rose when compared to the same time last year for the first time in seven months according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand The hottest month on record saw the number of properties sold in New Zealand during January 2018 increased by 2.7% when compared to January 2017 (4,366 up from 4,251). Continue →

One of New Zealand’s most iconic alpine resorts is being offered for sale through Colliers International The Skotel Alpine Resort in the Whakapapa Alpine Village at the base of Mount Ruapehu is being marketed for sale by Colliers International Broker Mathew Gibbard and Hotels National Director Dean Humphries. Continue →

Mobile tech will continue to disrupt workspaces, say office experts Office occupiers will increasingly draw a distinction between their ‘core’ and ‘flexible’ space needs as mobile disruption continues to reshape workplaces in 2018, office experts say. Continue →

Office, industrial and tourism growth predicted to continue in 2018 says Colliers International NZ CEO Mark Synnott. Continue →