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Wellington Stories - Page 16

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Housing market continues to defy expectations
Northland

Housing market continues to defy expectations

New records in prices and sales show demand is still outpacing supply, despite efforts to cool New Zealand's property market.

By Michael Curreen • 11 min read • Sun, 18th Jul 2021
Commercial property market outperforming expectations
Hybrid & Remote Work

Commercial property market outperforming expectations

Stronger-than-expected demand is tightening yields and lifting values, with industrial and large-format retail assets in New Zealand most resilient.

By Michael Curreen • 5 min read • Thu, 8th Jul 2021
Where are property values starting to drop?
Bank of New Zealand

Where are property values starting to drop?

Values are already falling in Gisborne, New Plymouth and Napier as nationwide house-price growth cools and rate rises loom.

By Michael Curreen • 6 min read • Sun, 4th Jul 2021
UN declares New Zealand’s housing crisis a breach of human rights
Disaster Recovery

UN declares New Zealand’s housing crisis a breach of human rights

The report urges ministers to curb speculation, strengthen tenant rights and expand social housing after finding the crisis breaches basic rights.

By Michael Curreen • 10 min read • Fri, 25th Jun 2021
Best performing suburbs in 2021 so far
Hybrid & Remote Work

Best performing suburbs in 2021 so far

Cheaper provincial suburbs have driven New Zealand's property boom, with Manunui up 51.8% and Hargest selling in just six days.

By Michael Curreen • 5 min read • Mon, 21st Jun 2021
Housing shortage key driver of unaffordable housing market
Bank of New Zealand

Housing shortage key driver of unaffordable housing market

Record-low inventory is pushing New Zealand house prices higher, leaving first-time buyers with fewer affordable options.

By Michael Curreen • 9 min read • Wed, 16th Jun 2021
Wellington decides on 10-year infrastructure plan
Wellington City Council

Wellington decides on 10-year infrastructure plan

Residents will face a 13.5% rates rise as the council backs billions for water, housing, cycleways and library repairs over a decade.

By Staff Writer • 3 min read • Mon, 31st May 2021
First home buyers losing hope
Bank of New Zealand

First home buyers losing hope

Government help may be needed as first-time purchasers’ share of the market falls to its lowest level since 2018, CoreLogic says.

By Michael Curreen • 7 min read • Tue, 18th May 2021
House sales starting to decline
Northland

House sales starting to decline

Sales fell by more than 2,500 from March as investors and first-time buyers took a wait-and-see approach to tighter lending rules.

By Michael Curreen • 9 min read • Fri, 14th May 2021
Review reveals who is to blame for Transmission Gully shambles
Risk & Compliance

Review reveals who is to blame for Transmission Gully shambles

Weaknesses in New Zealand’s PPP procurement have been laid bare after a review found early cost estimates and governance helped derail Transmission Gully.

By Staff Writer • 5 min read • Thu, 29th Apr 2021
Housing market hotter than ever despite LVRs and Government intervention
Northland

Housing market hotter than ever despite LVRs and Government intervention

Record prices and a 14-year sales high show New Zealand's housing market is still racing ahead despite tighter lending rules and tax changes.

By Michael Curreen • 10 min read • Thu, 15th Apr 2021
A year after lockdown – how have our cities fared?
Hybrid & Remote Work

A year after lockdown – how have our cities fared?

Vacancy has risen across Auckland and Wellington, while retailers and landlords wait to see whether city centres can recover from lockdown losses.

By Michael Curreen • 8 min read • Wed, 31st Mar 2021
Commercial property after a year of COVID
eCommerce

Commercial property after a year of COVID

Vacancy rose across Auckland and Wellington offices, shops and warehouses in 2020, but low rates and investor demand kept yields firm.

By Michael Curreen • 10 min read • Mon, 29th Mar 2021
How growing cities can still cut road emissions
Power / Energy

How growing cities can still cut road emissions

Wellington has cut net emissions by 7% in 20 years despite 26% growth, as EV chargers and car share schemes reshape transport.

By Staff Writer • 6 min read • Wed, 17th Mar 2021
Record breaking February as buyers rush to beat LVRs
Northland

Record breaking February as buyers rush to beat LVRs

Sales surged 14.6% year on year in February as buyers rushed to secure homes before loan-to-value restrictions returned in March.

By Michael Curreen • 10 min read • Fri, 12th Mar 2021
Earthquake-prone buildings explained
Physical Security

Earthquake-prone buildings explained

Owners of unsafe buildings can face deadlines of 7.5 or 15 years to strengthen or demolish them, with council support available.

By Staff Writer • 4 min read • Fri, 5th Mar 2021
Housing affordability at record lows
Bank of New Zealand

Housing affordability at record lows

Average household incomes rose just 1.3% last quarter, leaving New Zealand house prices at their least affordable level since records began in 2004.

By Michael Curreen • 6 min read • Fri, 26th Feb 2021
January sees slight dip in house prices
Northland

January sees slight dip in house prices

New Zealand’s housing market remained brisk in January despite a modest month-on-month price fall, with sales and auctions both at multi-year highs.

By Michael Curreen • 11 min read • Wed, 17th Feb 2021