Auckland in the 1990s was a very different city, Property Council Chief Executive Connal Townsend recalls It saw itself as something it was not, at least not yet.   Continue →

Auckland Airport and Tainui Group Holdings have announced an agreement to develop a new 5-star hotel adjacent to Auckland Airport’s international terminal and the existing 4-star Novotel hotel. Continue →

Early childhood education is big business in New Zealand and right now it’s a seller’s market as developers and investors seek to capitalise on the surge in demand for places at childcare centres “Childcare is all the rage in the commercial property market,” says Bayleys’ National Director Commercial and Industrial John Church. Continue →

This year will be one of opportunities and some challenges for commercial and industrial property investors, says Bayleys’ National Director Commercial and Industrial John Church Many of the factors that made last year one of the busiest ever for the commercial and industrial property market remain intact: an already strongly performing economy is forecast to get even stronger this year, which should continue to result in high levels of business, investor and consumer confidence which helps fuel leasing and sales activity interest rates, although likely to edge up a little this year, will still be at very low levels while yields have followed interest rates down, the return on equity from commercial property investment remains attractive compared to returns from bank deposits and bonds property provides a more stable investment choice than more volatile equity markets low vacancy rates across most market segments have removed much of the tenancy risk associated with purchasing commercial property these high occupancy rates are also providing rental income growth for investors, which will continue this year as the development sector is still some way off fully catching up with demand for new premises. Continue →

The first post-quake survey of Wellington office vacancies has found the most acute shortage of space in almost a decade The survey by Colliers International’s Research and Consultancy team has revealed only 7.8 per cent of office space in Wellington’s CBD was vacant last month, down from 10.5 per cent shortly before last year’s quake, and 11.9 per cent in June 2016. Continue →

The globally recognised luxury accommodation property Greenhill Lodge is on the market, offering a new owner an exciting opportunity to own a piece of Hawke’s Bay history. Continue →

The century-old historic building which once housed Hawke’s Bay’s premier entertainment venue – hosting scores of concerts by New Zealand’s biggest musicians – has been placed on the market for sale. Continue →

The largest commercial property sales and leases completed in the Christchurch central business district in 2016 illustrate the positive impact the rebuild is having on national and international players’ perception of the city, according to Savills Real Estate. Continue →

The Dunedin City Council has secured a piece of Dunedin’s history and opened up future possibilities with the purchase of the Sammy’s building on Crawford Street. Continue →

Property Institute chief executive Ashley Church says that news of a continuing slide in home ownership rates is a disaster in the making and ‘threatens the fundamentals of what it means to be a Kiwi’. Continue →

Changes are on the way for housing in Wellington, with rates rebates for first-home builders and an expansion of Wellington City Council’s social housing. Continue →

Colliers International’s director of project marketing, Jeff Davidson says the last penthouse at Alexandra Park in Auckland has sold for its asking price of $3,450,000. Continue →

Hong Kong is the city with the world’s highest rent for a premium office, with London and New York in second and third place respectively, according to JLL’s latest Global Premium Office Rent Tracker. Continue →

One of the biggest retail property blocks in New Plymouth’s central business district has been placed on the market for sale. Continue →

A growing proportion of households are spending more than a quarter of their household income on housing, Statistics NZ says. Continue →

The New Zealand housing market has settled into a typical pre-Christmas pattern, as Kiwis turn their focus to the upcoming holiday period. Continue →

The 2016 rating revaluation shows the overall value of Christchurch property has risen by 9.2 percent since the last general revaluation in 2013. Continue →

Property Council New Zealand will be addressing the challenges facing the housing sector in the upcoming Residential Summit in Auckland on 30 November. Continue →

A nine-level central city office building with a long-term lease in place to The University of Auckland is for sale through JLL. Continue →

New Zealand’s commercial property sector remains an attractive market for investors according to the latest Property Council / IPD New Zealand Property Index. Continue →