Property Market stories
Rising finance costs and subcontractor shortages are likely to delay some Auckland projects as construction inflation remains elevated.
Auckland buyers face rising prices as 3,840 apartments are forecast to be completed next year despite labour and cost pressures.
More than GBP £250 million of hotel stock changed hands in 2015/16, as tourism growth pushed yields lower and drew overseas buyers.
Wellington and Christchurch are diverging sharply after the quake, with confidence climbing in the capital while turning negative in the Garden City.
A shortage of prime CBD space has pushed Auckland retail rents to record highs and kept conditions tight until new supply arrives.
Office tenants in Wellington are facing higher rents and shorter leases after the quake, as vacancies hit a decade low and quality options dwindle.
The upgrade is set to lift the Wellington tower's seismic rating to 88 per cent and put 7,000 square metres back on the market.
Buyer demand in Tauranga stayed strong as all five auctioned commercial properties sold for USD $10.9 million, with out-of-town interest lifting prices.
Christchurch investors are being offered a rare premium office asset with 92 per cent occupancy and annual net income of NZD $3.3 million.
Childcare centre values are climbing as scarce sites and strong public funding fuel competition among investors in New Zealand, especially Auckland.
Tighter bank funding and rising borrowing costs could curb deals and pressure prices in New Zealand's commercial property market this year.
Vacancy in Wellington’s CBD has fallen below 8 per cent after the Kaikoura earthquake, leaving displaced tenants with few office options.
Auckland’s construction boom is driving demand for demolition specialists, as tight sites, asbestos and traffic risks make each job more complex.
Labour shortages, pricier materials and tighter credit are threatening to slow New Zealand's $37 billion building pipeline.
Major sales and leases in Christchurch's CBD last year signal scarce prime stock and growing confidence among investors and tenants.
Homebuyers could be locked out for longer unless ministers rethink Reserve Bank rules after governor Graeme Wheeler's exit.
Rising renter numbers are fuelling fears that fewer first-time buyers could reshape communities and dent the economy for years to come.
Queensland's property market leaps into the future with new digital platform PEXA, revolutionising $864bn asset transactions.
Kiwi investors can expect a strong pipeline of initial public offerings from New Zealand and Australian companies listing in coming months to take adv.
New Zealand residential building consents declined for a third month in February, as the pace of new home building slowed.
