Real estate stories
Investors are snapping up regional accommodation as New Zealand’s tourism boom pushes enquiry and sales to record levels.
A record 82 projects are in contention for New Zealand’s top property prizes, with winners to be revealed at a sold-out Auckland gala.
The switch is expected to cut operating costs and lift asset values across Precinct Properties' Auckland and Wellington portfolio.
Boating access on Waiheke Island will improve after Auckland Council-backed consent for a 186-berth floating marina was granted.
The 130-room conversion near Lake Rotorua is expected to create jobs and bolster the city’s tourism offer when it opens in 2018 or 2019.
Most of the 71 homes are already sold as construction looms on a Mount Maunganui project with prices from NZD $440,000.
The sector's direct GDP contribution of NZD $29.8 billion outstrips manufacturing, agriculture and health, a new report says.
Political risks around Urban Development Authorities may be justified, but heavy consultation and funding gaps could blunt their impact.
Despite Hawke’s Bay’s spending surge, Napier shops stayed empty as retail vacancies held steady in the city’s main shopping streets.
Rising finance costs and subcontractor shortages are likely to delay some Auckland projects as construction inflation remains elevated.
Occupancy and room rates are surging in Queenstown and Auckland, putting New Zealand hotels on track for a record year.
Thousands of coastal homes could become uninsurable as sea levels rise, shifting climate costs on to homeowners and government.
The restored warehouse is now fully leased, with tenants moving into a modern office space that keeps its saw-tooth roof and brick façade.
Prime office vacancy in Wellington has hit a record low as post-quake supply shrinks, leaving landlords set for higher rents.
Finalists across New Zealand’s property sector will vie for honours at a gala dinner in Auckland on 16 June.
As drones multiply in New Zealand, operators are increasingly seeking cover to protect against crashes, liability and legal action.
The group’s Auckland office has lifted its NABERSNZ tenant score to 5 stars, underscoring lower energy use for occupiers and landlords alike.
Auckland buyers face rising prices as 3,840 apartments are forecast to be completed next year despite labour and cost pressures.
Wellington’s future growth could be slowed by quake risk and a funding model that makes new housing increasingly unviable, says Property Council Chief Executive Connal Townsend.
Building owners and insurers in New Zealand can now track structural risk in real time as Mainmark introduces STRAAM for damage assessment.
