Property Market stories
MRI Software acquires Rockend to bolster its reach in the property management sector across Australia and New Zealand, serving 6,000 clients.
Its 90th House of the Year award puts the family-owned builder ahead of any rival in Auckland, with a national final still to come.
Napier software firm Re-Leased has triumphed at the ExportNZ Hawke's Bay ASB Exporter of the Year Award, lauded for its innovative, scalable tech solutions.
Auckland owners face weaker values for longer, but CoreLogic says the city lacks Sydney’s apartment glut and crash risk remains limited.
New dwelling consents are still climbing despite labour and materials constraints, with Auckland’s smaller homes now outpacing standalone houses for the first time.
Affordability and tight supply are driving activity in cheaper districts, with Tararua, Waipa and Selwyn topping the turnover rankings.
Auckland’s more permissive zoning is helping ease prices, widen lending and give first-time buyers a better shot at home ownership.
New Zealand operators can now tap a fast-growing office market as two thirds of large corporates plan flexible space use.
Affordability is pushing first home buyers to dominate purchases in several New Zealand suburbs, with some taking more than 60% of sales.
It will add 226 apartments and a 233-room hotel to downtown Auckland as demand for CBD homes outstrips supply, with completion due in 2024.
Sydney and Brisbane are set for a wave of transport works, as state budgets channel billions into roads, rail and hospitals despite softer revenues.
Property demand in Auckland and Queenstown has softened after the ban, with foreign purchases plunging 81% in the first quarter.
Home buyers have driven Turangi's median property value up 41% in a year, leaving it at NZD $260,000.
Melbourne office tenants could soon get the city’s first premium timber tower, with GPT aiming to complete the Frame project in late 2021.
Auckland's market weakness is dragging New Zealand house prices sideways, with suburbs still showing sharp gains in the regions and losses on the North Shore.
Many landlords may simply hold properties longer or pass them on, as the proposed ring-fence is unlikely to slash rental stock or confidence.
Auckland City and the North Shore are weighing on the market, with average property values down 1.5% over the past year.
Borrowers could see lower mortgage rates after the Reserve Bank cut the official cash rate to 1.5% and hinted at another fall this year.
Auckland vendors are offering a $1.2 million home for Bitcoin, in a potential first cryptocurrency property deal for New Zealand.
Auckland’s weakness is masking stronger gains elsewhere, with provincial house values rising 8.2% over the year and interest rates low.