Real estate stories
Councils in fast-growing areas could unlock thousands of new homes as the government puts up to $600 million into roads and water works.
Hawke’s Bay builders picked up a Gold and two Silver Awards at the East Coast House of the Year contest, underlining strong craftsmanship.
Record export growth has fuelled multi-million-dollar development and sales across Hawke’s Bay, with a planned GBP £0 new berthing facility at Napier Port.
Smaller investors are finding childcare centres attractive as Auckland’s expanding sector keeps occupancy above 80 per cent and demand strong.
The property group’s portfolio value topped USD $2 billion after an $89 million revaluation gain, with more uplift expected from developments.
Restricted bank lending in New Zealand is opening the door for developers to secure debt or equity funding from commercial property investors.
Shoppers in Lower Hutt will gain a new draw at Queensgate this year, as the mall completes its post-earthquake rebuild and reopens fully.
The move to a GBP £20 million Tauriko warehouse should give NZL Group more room to expand and cut handling costs for its freight operation.
Timber is giving Australian builders a cost and speed edge as a Rotorua conference spotlights its growing use in commercial construction.
Auckland's housing slowdown is widening the gap with the regions, where annual price growth remains in double digits and sales are still firm.
The funding will bring forward 10,500 homes in north-west Auckland, but Mayor Phil Goff says the city still needs billions more to cope with growth.
Faster infrastructure spending could bring 60,000 homes forward by up to eight years in New Zealand’s fastest-growing cities.
Housing supply and affordability in Hamilton and Te Kauwhata are set to improve as infrastructure funding unlocks 10,700 new homes.
Up to 60,000 new homes could be built years earlier after the government backed roads and waterworks in five fast-growing councils.
Councils could gain a clearer picture of housing pressures as a new MBIE dashboard maps demand, supply and affordability data.
New Stats NZ figures show a year-long lag between consent and completion, as housing supply data are tested for the first time.
Each extra hour of direct sunlight a house receives daily can lift its market value by 2.4 per cent, a New Zealand study finds.
Businesses near major works face years of uncertainty as the City Rail Link’s shifting road closures hit productivity and lease planning.
Shoppers in West Auckland will see new signage within days as the former WestCity centre adopts a new name and branding.
A 17-storey return of Crowne Plaza adds 204 rooms and fresh conference space as visitor numbers in Christchurch are set to rise.
