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Property Market Stories - Page 28

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Growing demand pressures Auckland retail market
Scentre Group

Growing demand pressures Auckland retail market

A shortage of prime CBD space has pushed Auckland retail rents to record highs and kept conditions tight until new supply arrives.

By Staff Writer • 4 min read • Tue, 21st Mar 2017
Quake forces rethink of quality and location
Disaster Recovery

Quake forces rethink of quality and location

Office tenants in Wellington are facing higher rents and shorter leases after the quake, as vacancies hit a decade low and quality options dwindle.

By Staff Writer • 7 min read • Wed, 15th Mar 2017
Chow brothers start multimillion-dollar refurbishment
Risk & Compliance

Chow brothers start multimillion-dollar refurbishment

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.

By Staff Writer • 3 min read • Tue, 14th Mar 2017
Auctions show Tauranga market continues to boom
Property Market

Auctions show Tauranga market continues to boom

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.

By Staff Writer • 3 min read • Thu, 9th Mar 2017
Christchurch’s ‘best office building’ for sale
Air New Zealand

Christchurch’s ‘best office building’ for sale

Christchurch investors are being offered a rare premium office asset with 92 per cent occupancy and annual net income of NZD $3.3 million.

By Staff Writer • 5 min read • Wed, 8th Mar 2017
Demand for childcare places pushing up centre prices
Ministry of Education

Demand for childcare places pushing up centre prices

Childcare centre values are climbing as scarce sites and strong public funding fuel competition among investors in New Zealand, especially Auckland.

By Staff Writer • 5 min read • Wed, 1st Mar 2017
Opportunities abound in exciting year ahead
Property Market

Opportunities abound in exciting year ahead

Tighter bank funding and rising borrowing costs could curb deals and pressure prices in New Zealand's commercial property market this year.

By Staff Writer • 4 min read • Tue, 28th Feb 2017
Wellington is full, says first post-quake vacancy survey
Disaster Recovery

Wellington is full, says first post-quake vacancy survey

Vacancy in Wellington’s CBD has fallen below 8 per cent after the Kaikoura earthquake, leaving displaced tenants with few office options.

By Staff Writer • 3 min read • Sun, 26th Feb 2017
Surge in building work shines light on demolition crews
Auckland University

Surge in building work shines light on demolition crews

Auckland’s construction boom is driving demand for demolition specialists, as tight sites, asbestos and traffic risks make each job more complex.

By Staff Writer • 4 min read • Thu, 23rd Feb 2017
Construction industry feeling the strain
Supply Chain

Construction industry feeling the strain

Labour shortages, pricier materials and tighter credit are threatening to slow New Zealand's $37 billion building pipeline.

By Staff Writer • 5 min read • Wed, 22nd Feb 2017
Property deals show faith in Christchurch rebuild
District Health Board

Property deals show faith in Christchurch rebuild

Major sales and leases in Christchurch's CBD last year signal scarce prime stock and growing confidence among investors and tenants.

By Staff Writer • 3 min read • Thu, 9th Feb 2017
Property Institute calls for review of target agreements
Auckland Council

Property Institute calls for review of target agreements

Homebuyers could be locked out for longer unless ministers rethink Reserve Bank rules after governor Graeme Wheeler's exit.

By Staff Writer • 3 min read • Wed, 8th Feb 2017
Property Institute warns of ‘generational disaster’
Small Business

Property Institute warns of ‘generational disaster’

Rising renter numbers are fuelling fears that fewer first-time buyers could reshape communities and dent the economy for years to come.

By Staff Writer • 2 min read • Wed, 11th Jan 2017
Queensland property market finally welcomes the digital age
Property Market

Queensland property market finally welcomes the digital age

Queensland's property market leaps into the future with new digital platform PEXA, revolutionising $864bn asset transactions.

By Catherine Knowles • 2 min read • Fri, 18th Dec 2015
Flurry of IPOs tipped for NZX in coming months, says Nikko Asset equities analyst
Fintech

Flurry of IPOs tipped for NZX in coming months, says Nikko Asset equities analyst

Kiwi investors can expect a strong pipeline of initial public offerings from New Zealand and Australian companies listing in coming months to take adv.

By Pattrick Smellie • 4 min read • Tue, 14th Apr 2015
NZ building consents fall for a third month in February
Reserve Bank of New Zealand

NZ building consents fall for a third month in February

New Zealand residential building consents declined for a third month in February, as the pace of new home building slowed.

By Pattrick Smellie • 2 min read • Tue, 31st Mar 2015
Tepid inflation surprise raises spectre of lower interest rates
Reserve Bank of New Zealand

Tepid inflation surprise raises spectre of lower interest rates

Any further downward surprises in New Zealand's already tepid pace of consumer inflation may warrant an interest rate cut, the Reserve Bank says.

By Pattrick Smellie • 2 min read • Thu, 12th Mar 2015
Auckland houses prices fall in February as volume, listings pick up
Housing

Auckland houses prices fall in February as volume, listings pick up

Auckland house prices fell in February, as listings rose and the number of properties sold reached its second-highest level in seven years for that mo.

By Pattrick Smellie • 2 min read • Wed, 4th Mar 2015