Property stories
New Zealand’s housing market finished 2024 quietly, with sales, prices and listings all showing mixed shifts as inventory stayed elevated.
Falling interest rates and higher inventory are drawing more buyers back, with October sales up 20% nationally, REINZ says.
Buyer enquiries jumped 8.5% in the fortnight after the Reserve Bank’s cut, as more Kiwis moved into the market.
Buyers are still active, but high mortgage rates and new debt limits are making deals harder to close across the housing market.
More than 5,000 residential property managers in New Zealand could soon face minimum standards under a bill backed by REINZ.
More vendors returned to the market in November as government and OCR certainty lifted buyer confidence and steadied asking prices.
myCOI launches illumend, an AI-powered platform designed to simplify third-party insurance compliance for risk managers and property teams alike.
Mahesh Muralidhar, founder of Phase One Ventures, shares insights for Kiwi startups eyeing the US market, highlighting the unique resilience of New Zealand entrepreneurs.
Hyperview partners with Novem Digital to enhance risk management for property owners and insurers, integrating cloud-based DCIM with digital expertise for better outcomes.
IDeaS unveils the G3 RMS Portfolio Navigator, an innovative tool aiming to redefine large-scale revenue management, giving multi-property hospitality leaders the power to manage revenue strategies with confidence and consistency.
Motorola Solutions acquires IPVideo, NY-based firm behind the HALO Smart Sensor, enhancing safety and security tech.
QBE Asia has appointed Ronak Shah as Chief Executive Officer of Wholesale Markets Asia, effective 1 March 2025, to strengthen its reinsurance operations across the region.
Open ECX expands into new sectors, creating multiple roles as it seeks to enhance services for its growing clientele across various industries.
NAB launches Portal Pay, a digital-first platform that streamlines property payments, ensures real-time transfers, and eases administrative burdens for buyers and agents.
Sunway Group partners with Rimini Street to bolster digital transformation, saving costs and driving AI and customer experience innovations for strategic growth.
ASK Partners has facilitated over £45m in exchanges through its unique secondary market platform for high-net-worth property investors.
InvestmentMarkets, dubbed as the - Google for Investing, is set to democratise fund management in Australia, offering access to diverse asset classes and investment opportunities for both retail and wholesale investors.
Australian proptech start-up 'FLK it over' capitalises on $2.5 million funding boost to fuel rapid growth, aiming to streamline the tenant signing process for real estate agents and diversify services.
Australian Payments Plus' initiative, ConnectID, teams up with property management platform, RentBetter, aiming to boost privacy, and control for rental agents and tenants amid Australia's rental crisis.
Relevance AI bags AU$15M in Series A funding to help businesses build and democratise AI workforces across the globe.