Property stories
Ratepayers and taxpayers will help fund buyouts and flood defences for homes in areas hit by severe weather after years of underinvestment.
Tenants can keep choosing their own retailer as building owners and body corporates turn privately owned power lines into recurring income.
The franchise’s headquarters will move to Manawatu after Tim Kearins bought Derryn Mayne’s 25% stake in Century 21 New Zealand.
Rising mortgage rates and tax changes are set to cool sales, but CoreLogic says a full property downturn still looks unlikely.
Owners of unsafe buildings can face deadlines of 7.5 or 15 years to strengthen or demolish them, with council support available.
Property activity is likely to soften as recession, rising unemployment and a spring listings surge test demand in coming months.
Lower borrowing costs are expected to bolster New Zealand property demand, with record-low interest rates giving buyers greater certainty and confidence.
Tight housing supply and surging demand are pushing Dunedin values up 17% a year, with buyers still outpacing new listings.
Growing commuter demand and planned development are giving Tuakau a boost, as young Auckland families seek cheaper homes and bigger sections.
Palmerston North’s relative affordability is drawing buyers as median values jump 13.7% to NZD $415,000, far below Auckland.
Limited prime office stock is pushing Auckland CBD rents and yields higher, as hotel conversions leave developers short of sites.
Private lenders are poised to back KiwiBuild, but officials must set clear rules if the scheme is to deliver 100,000 homes on time.
Neighbouring buildings and utilities can be left at risk when retaining walls fail, making rapid drainage and stabilisation critical on site.
The two finalists will compete in Auckland for national recognition after Simply Group’s utility and energy arms earned Deloitte Fast50 spots.
Rebuild spending and repaired homes are reviving Christchurch’s case for top-city status, with billions still to go and 2020 milestones ahead.
Growing construction demand has prompted Royal Wolf to open an Invercargill office, giving Southland customers local access to container solutions.
Lower-cost pipe repairs are helping cities cut sewage leaks and avoid roadworks as ageing sewer networks come under pressure.
Broader criteria could help irrigation spending support jobs, freshwater quality and climate resilience, not just land productivity.
iDenfy, an identity verification and fraud prevention platform, announces a new partnership with June, a property-tech company.
CoreLogic Australia teams up with Snowflake to launch Market Trends solution on Snowflake Marketplace, offering seamless access to 40 years of property metrics.