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Property Market Stories - Page 26

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New management for North City shopping centre
Property Market

New management for North City shopping centre

The 25-year-old Porirua mall will keep its on-site staff after a AUD $100 million sale, easing concern for retailers and shoppers.

By Michael Curreen • 4 min read • Thu, 26th Apr 2018
Median house prices up, Auckland down
Northland

Median house prices up, Auckland down

Prices outside Auckland climbed to record levels in March, even as the city’s median house price fell 2.2% year-on-year.

By Michael Curreen • 7 min read • Tue, 24th Apr 2018
New apartment market cools, but Auckland city fringe gets an uplift
Property Market

New apartment market cools, but Auckland city fringe gets an uplift

Auckland’s city fringe is bucking the downturn as higher-quality apartments there now command an average asking price of NZD $1.35 million.

By Michael Curreen • 3 min read • Mon, 16th Apr 2018
Social sustainability fuels Gen X interest in integrated development
Property Market

Social sustainability fuels Gen X interest in integrated development

Generation X buyers are drawn to Point Ridge in Albany because its shared pools, gym and common areas foster a stronger sense of community.

By Michael Curreen • 2 min read • Thu, 12th Apr 2018
CBD retail strips remain tight but rents are static
eCommerce

CBD retail strips remain tight but rents are static

Retailers are holding out for the right spaces in Auckland and Wellington, keeping prime CBD strip rents unchanged despite tight vacancies.

By Michael Curreen • 2 min read • Mon, 9th Apr 2018
Construction market report shows increasing activity
Construction

Construction market report shows increasing activity

Lower December-quarter activity masked a 40% annual rise in the value of construction starts to GBP £13.1 billion, CoreLogic said.

By Michael Curreen • 1 min read • Tue, 3rd Apr 2018
Residential prices rise despite challenging conditions
Property Market

Residential prices rise despite challenging conditions

Nationwide prices climbed 1.2 per cent to NZD $525,000, even as sales fell to a six-year September low and lending tightened.

By Staff Writer • 5 min read • Thu, 12th Oct 2017
Apartment living sparks self-storage boom
Property Market

Apartment living sparks self-storage boom

Auckland’s self-storage operators are benefiting as apartment living lifts demand, with average occupancy holding at 90.46 per cent and fees rising 4.18 per cent.

By Staff Writer • 2 min read • Sun, 8th Oct 2017
First Etherum blockchain real estate purchase
Crypto

First Etherum blockchain real estate purchase

A Kiev apartment sale paid for in cryptocurrency signals blockchain could simplify cross-border property deals and attract foreign investors.

By Staff Writer • 3 min read • Wed, 4th Oct 2017
Post-quake office markets facing opposite pressures
Disaster Recovery

Post-quake office markets facing opposite pressures

Christchurch faces a glut of CBD offices as Wellington’s prime space has all but vanished after quake damage, Colliers says.

By Staff Writer • 4 min read • Sun, 1st Oct 2017
A house a day no longer a dream
Auckland Council

A house a day no longer a dream

The faster method could help ease Auckland’s housing shortage, though Fletcher says the first panelised homes will not yet cost less.

By Staff Writer • 2 min read • Sun, 24th Sep 2017
Provida’s distribution centres offered for syndication
Supply Chain

Provida’s distribution centres offered for syndication

Investors can buy into four North Island warehouses leased back to Provida, with the scheme targeting a projected 8 per cent annual return.

By Staff Writer • 6 min read • Thu, 21st Sep 2017
Residential market ignores election jitters
New Zealand Labour Party

Residential market ignores election jitters

Pre-election uncertainty barely dented residential sentiment, with a survey showing house price expectations holding steady across New Zealand.

By Staff Writer • 3 min read • Wed, 20th Sep 2017
Less residential properties sold, but prices increase
Northland

Less residential properties sold, but prices increase

Fewer sales across every region in August suggest buyers remain cautious, even as national residential prices rose 8.2 per cent year on year.

By Staff Writer • 6 min read • Mon, 18th Sep 2017
Buoyant industrial market driving record low yields
GFC

Buoyant industrial market driving record low yields

Tight supply and surging demand are pushing industrial property yields to record lows across New Zealand, with Auckland and Wellington hardest hit.

By Staff Writer • 4 min read • Thu, 14th Sep 2017
Auckland apartment market has only a year’s supply
NZD

Auckland apartment market has only a year’s supply

Auckland buyers face a tightening apartment market as just 12 months of supply remain, while average prices climb 12 per cent to NZD $1.12 million.

By Staff Writer • 3 min read • Tue, 12th Sep 2017
Precinct Properties upbeat on development prospects
NZX

Precinct Properties upbeat on development prospects

Higher occupancy and stronger valuations lifted Precinct Properties’ annual profit as limited office supply kept demand for city centre space firm.

By Staff Writer • 2 min read • Tue, 5th Sep 2017
Hotel development surge requires caution
Construction

Hotel development surge requires caution

New hotel rooms could squeeze occupancy and rates if development outpaces demand in New Zealand’s tourism markets.

By Staff Writer • 3 min read • Thu, 31st Aug 2017