Property trends stories
Bookings at Ohtel will continue normally as Village Accommodation Group takes over Wellington’s award-winning boutique hotel over coming months.
Investors are snapping up regional accommodation as New Zealand’s tourism boom pushes enquiry and sales to record levels.
A record 82 projects are in contention for New Zealand’s top property prizes, with winners to be revealed at a sold-out Auckland gala.
Guests at Auckland's Langham will face phased room works from July, as the 411-room hotel prepares a Cordis rebrand in November.
The 130-room conversion near Lake Rotorua is expected to create jobs and bolster the city’s tourism offer when it opens in 2018 or 2019.
Most of the 71 homes are already sold as construction looms on a Mount Maunganui project with prices from NZD $440,000.
The sector's direct GDP contribution of NZD $29.8 billion outstrips manufacturing, agriculture and health, a new report says.
Despite Hawke’s Bay’s spending surge, Napier shops stayed empty as retail vacancies held steady in the city’s main shopping streets.
Deloitte says a direct 7.8 magnitude quake beneath Wellington could inflict a NZD $29 billion blow, with billions in damage and lost jobs.
Occupancy and room rates are surging in Queenstown and Auckland, putting New Zealand hotels on track for a record year.
Prime office vacancy in Wellington has hit a record low as post-quake supply shrinks, leaving landlords set for higher rents.
Finalists across New Zealand’s property sector will vie for honours at a gala dinner in Auckland on 16 June.
The group’s Auckland office has lifted its NABERSNZ tenant score to 5 stars, underscoring lower energy use for occupiers and landlords alike.
Auckland buyers face rising prices as 3,840 apartments are forecast to be completed next year despite labour and cost pressures.
Wellington’s future growth could be slowed by quake risk and a funding model that makes new housing increasingly unviable, says Property Council Chief Executive Connal Townsend.
Rents are climbing as Auckland's industrial vacancy rate falls to 2.1 per cent, the lowest level Colliers has recorded since 1995.
More than GBP £250 million of hotel stock changed hands in 2015/16, as tourism growth pushed yields lower and drew overseas buyers.
Experts say better planning of homes and streets could cut health costs and improve liveability in future cities.
The report is seen as a warning that New Zealand’s planning rules are failing cities and could hamper future development unless reform is coherent.
Wellington and Christchurch are diverging sharply after the quake, with confidence climbing in the capital while turning negative in the Garden City.
