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Real estate Stories - Page 36

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Is the cul-de-sac is an urban planning dead end?
Data Analytics

Is the cul-de-sac is an urban planning dead end?

Disconnected suburban layouts can raise costs, limit transport and walking, and make everyday errands and school trips harder for families.

By Staff Writer • 4 min read • Tue, 17th Jan 2023
What were 2022’s top performing suburbs?
GFC

What were 2022’s top performing suburbs?

Higher mortgage rates and tighter lending rules have left New Zealand’s housing market weaker than expected, with sales at a 12-year low.

By Michael Curreen • 6 min read • Tue, 10th Jan 2023
Higher mortgages create hesitant housing market
Bank of New Zealand

Higher mortgages create hesitant housing market

Rising borrowing costs are keeping buyers on the sidelines as New Zealand sales fall 36.1% year on year and prices soften.

By Michael Curreen • 8 min read • Tue, 13th Dec 2022
‘One bright light’ amidst housing market downturn
Bank of New Zealand

‘One bright light’ amidst housing market downturn

Sales rose nearly 8% in November, offering a rare sign of resilience as New Zealand’s median house price fell 12.4% year on year.

By Michael Curreen • 3 min read • Mon, 12th Dec 2022
Commercial property market snapshot Q4 2022
Sustainability

Commercial property market snapshot Q4 2022

Vacancy and rents are diverging sharply as investors favour prime offices, while retail footfall and industrial demand remain uneven across New Zealand.

By Michael Curreen • 5 min read • Sun, 11th Dec 2022
Optimising today’s workspaces with digital twins
Digital twins

Optimising today’s workspaces with digital twins

Hybrid working is driving up waste and costs in offices, as building managers struggle to predict occupancy and energy demand.

By Michael Curreen • 4 min read • Fri, 2nd Dec 2022
Wellington at ‘epicentre’ of property downturn
Bank of New Zealand

Wellington at ‘epicentre’ of property downturn

Mortgage holders may welcome easing nationwide declines, but Wellington is still leading the slump, with Porirua posting the steepest falls.

By Michael Curreen • 5 min read • Wed, 30th Nov 2022
Flexible office development progressing at Sylvia Park
Sustainability

Flexible office development progressing at Sylvia Park

Demand for flexible space outside Auckland's central city is driving pre-leasing at Kiwi Property's $63 million Sylvia Park development.

By Michael Curreen • 2 min read • Sun, 27th Nov 2022
Rising OCR sees borrowers look beyond big banks
Bank of New Zealand

Rising OCR sees borrowers look beyond big banks

Higher borrowing costs are pushing first-home buyers towards brokers as the Reserve Bank lifts the Official Cash Rate to 4.25%.

By Michael Curreen • 2 min read • Wed, 23rd Nov 2022
Aussie developer drops Auckland skyscraper project
Property Market

Aussie developer drops Auckland skyscraper project

The move leaves Auckland’s tallest tower site back on the market as ICD Property refocuses on Australian projects amid a weaker global economy.

By Michael Curreen • 1 min read • Fri, 18th Nov 2022
Repeating past mistakes of RMA
Sustainability

Repeating past mistakes of RMA

Critics say the overhaul could add bureaucracy and legal uncertainty, raising doubts it will ease New Zealand’s housing crisis.

By Michael Curreen • 6 min read • Wed, 16th Nov 2022
First home buyers increase market share amid housing downturn
Bank of New Zealand

First home buyers increase market share amid housing downturn

Higher borrowing costs have not stopped New Zealand first home buyers lifting their share of purchases to 24% as prices ease.

By Staff Writer • 5 min read • Mon, 14th Nov 2022
Higher buyer interest not reflected in housing market activity
Bank of New Zealand

Higher buyer interest not reflected in housing market activity

Higher interest rates are cooling New Zealand’s housing market, with sales down 34.7% and buyers hesitant despite more enquiries.

By Staff Writer • 10 min read • Mon, 14th Nov 2022
House prices not going up any time soon
GFC

House prices not going up any time soon

Further official rate rises are likely to keep mortgage costs high and delay any rebound in New Zealand’s housing market.

By Michael Curreen • 8 min read • Tue, 1st Nov 2022
Early collaboration ‘key to build-to-rent success’
Brightstar

Early collaboration ‘key to build-to-rent success’

Projects risk missing tenants and returns unless developers align design and operations from the outset, a UKO co-founder says.

By Michael Curreen • 1 min read • Mon, 24th Oct 2022
Volatility and vulnerability in the rural property sector
Supply Chain

Volatility and vulnerability in the rural property sector

Farm sales have fallen sharply as higher costs, volatile weather and policy pressure weigh on rural confidence across New Zealand.

By Michael Curreen • 8 min read • Wed, 19th Oct 2022
Spring sees slight uptick in property market
Inflation

Spring sees slight uptick in property market

Higher rates and living costs are keeping sales subdued, even as more first-home buyers and bidders return to spring open homes.

By Michael Curreen • 2 min read • Wed, 12th Oct 2022
Six floors of office space released in Wellington
Digital Transformation

Six floors of office space released in Wellington

Tenants including EY and Fujitsu are moving into a seismically resilient six-storey building, lifting Wellington’s office supply by 10,049sqm.

By Michael Curreen • 3 min read • Sun, 9th Oct 2022