Cheaper provincial suburbs have driven New Zealand's property boom, with Manunui up 51.8% and Hargest selling in just six days.
Record-low inventory is pushing New Zealand house prices higher, leaving first-time buyers with fewer affordable options.
Rising online shopping is pushing developers to build destination precincts with stronger sustainability, social and financial returns.
Rising lending restrictions and tax changes are already cooling demand, though some agents say Treasury’s flatlining forecast may be too gloomy.
Residents will face a 13.5% rates rise as the council backs billions for water, housing, cycleways and library repairs over a decade.
Sales fell 28% in April and the median price eased to NZD $810,000, but analysts say it is too soon to judge the policy impact.
Construction firms risk wasting software spend unless they map workflows, win staff buy-in and phase rollouts to prove time and cost savings.
Construction on Auckland’s One Queen Street site will resume after a Covid delay, with a redesigned tower linked to Commercial Bay and a hotel.
Delays and cost overruns in New Zealand infrastructure could ease if owners and contractors shared risk and data, Rob Bryant says.
Budget 2021’s housing package was welcomed, but experts warned it lacks the radical steps needed to help first-home buyers and renters.
A decade after the quake, engineers say steel buildings proved far tougher than expected, with extra no-damage protection costing little more.
Government help may be needed as first-time purchasers’ share of the market falls to its lowest level since 2018, CoreLogic says.
Busy sites, labour shortages and timber scarcities are pushing New Zealand house build costs higher, with CoreLogic flagging more rises ahead.
Construction firms are cutting call-outs and speeding up onboarding as wearable, cloud-based mentoring puts expert guidance on site in real time.
Sales fell by more than 2,500 from March as investors and first-time buyers took a wait-and-see approach to tighter lending rules.
Councils face tighter rules and faster consents as New Zealand moves to boost housing supply, curb prices and fund infrastructure.
Minimum accessibility standards could make new homes easier to use for ageing Australians, while adding little cost to builders.
Signs of cooling are emerging as quieter open homes and more auctions passing in are expected to slow gains after a red-hot year.
Contractors may need tighter privacy policies as new rules on sign-in sheets, breaches and offshore data transfers raise compliance risks.
Investor borrowing has already been curbed, as new housing rules begin to slow sales and cool the market further in 2021.
