Property Market stories
The University of Auckland's Business School is now using virtual reality (VR) to teach students about construction and leaky homes.
Property tech firm Re-Leased has raised $2.3 million from New Zealand and UK investors in its first external capital round.
Fewer premium floors and stronger demand are set to keep Auckland office rents rising until new supply arrives in 2020.
A first Auckland house price rise in six months, alongside record national highs, suggests spring demand is lifting the market.
Failures and cost overruns are unsettling builders, even as New Zealand's construction pipeline is forecast to reach NZD $41 billion by 2023.
A nationwide shortage of listings pushed New Zealand house prices up 6.2% in July, though Auckland remained virtually flat.
Asian firms already add more than GBP £3.8 billion a year to New Zealand construction, as a new forum seeks smoother collaboration.
Demand for new fringe and suburban offices has trimmed Auckland's vacancy rate to 6.0 per cent, with rents still climbing.
A new hybrid rent-to-buy model could give buyers price certainty and help unlock more homes as Australia’s rental market strains further.
Tight supply kept prices near record highs in June, even as winter trimmed nationwide sales volumes and lengthened selling times.
Offshore demand is lifting Auckland CBD prices, with three major commercial deals to overseas buyers completed in a month.
Confidence has climbed past pre-election levels, with survey respondents expecting house prices to rise in every market over the next year.
New Zealand’s housing market set a fresh record after the national median house price rose 5.0% to NZD $562,000, REINZ said.
Rising land and building costs are threatening to curb Auckland’s future housing pipeline, with developers struggling to make projects stack up.
Severe housing shortages in Queenstown are set to ease as 230 freehold apartments in Remarkables Park go on sale from NZD $495,000.
Foreign capital now dominates New Zealand’s biggest commercial property deals, as domestic investment fell 77% to GBP £400 million in 2017.
Housing prices are likely to stay firm for some time unless the government finds new ways to unlock supply and affordability.
Tight vacancy and rising rents are keeping Auckland industrial yields near record lows, despite signs of slower growth later this year.
Sales growth was strongest in 23 months as New Zealand’s property market posted its biggest annual rise since May 2016, REINZ said.
New government backing is aimed at unlocking stalled private housing projects and speeding delivery of affordable KiwiBuild homes across New Zealand.