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Real estate Stories - Page 37

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Transport infrastructure to boom under new government
eCommerce

Transport infrastructure to boom under new government

A $24.8 billion roads and public transport plan could give builders more certainty and lift jobs, commerce and regional growth.

By Staff Writer • 3 min read • Tue, 17th Oct 2023
Foreign buyer tax could have wider economic benefits
Taxation

Foreign buyer tax could have wider economic benefits

A weaker New Zealand dollar is helping lure North American buyers, with one investor already eyeing NZD $50 million for local businesses.

By Michael Curreen • 7 min read • Mon, 16th Oct 2023
Property sales up pre-election
Bank of New Zealand

Property sales up pre-election

Buyers and sellers are returning to the market as September sales rose 5.1% year-on-year and homes sold in fewer days, REINZ said.

By Michael Curreen • 7 min read • Fri, 13th Oct 2023
Property market showing ‘signs of revitalisation’
Northland

Property market showing ‘signs of revitalisation’

Home values are edging higher as first-home buyers and tighter supply lift activity in several centres, despite wider uncertainty.

By Michael Curreen • 12 min read • Tue, 10th Oct 2023
Build to Rent’s growth continues
Sustainability

Build to Rent’s growth continues

Rental supply is set to grow as major developers and iwi back long-term homes, with new rules helping unlock more Build to Rent schemes.

By Michael Curreen • 6 min read • Tue, 10th Oct 2023
House prices rising in 30% of suburbs
National Party

House prices rising in 30% of suburbs

A growing number of New Zealand suburbs are edging back into growth, though affordability and higher mortgage rates are likely to cap gains.

By Michael Curreen • 4 min read • Sun, 24th Sep 2023
Would a land value tax incentivise housing growth?
Housing

Would a land value tax incentivise housing growth?

Empty or underused urban land could be pushed back into housing, as economists argue TOP’s tax would make speculation less profitable.

By Michael Curreen • 4 min read • Fri, 15th Sep 2023
REINZ numbers show positive outlook for property
Northland

REINZ numbers show positive outlook for property

More stock and faster sales suggest the housing market may be turning a corner before spring, despite higher rates and election uncertainty.

By Michael Curreen • 7 min read • Thu, 14th Sep 2023
Rental stock reaching crisis levels
Artificial Intelligence

Rental stock reaching crisis levels

Desperate tenants are now offering above asking rents as migration and storm damage squeeze Auckland's inner-city housing supply.

By Michael Curreen • 4 min read • Tue, 12th Sep 2023
House prices up for first time since downturn
Northland

House prices up for first time since downturn

National home values have edged up 0.5% this quarter, but most cities are still below year-ago levels as demand stays patchy.

By Michael Curreen • 13 min read • Mon, 11th Sep 2023
Development activity falling as headwinds intensify
Supply Chain

Development activity falling as headwinds intensify

New building consents are set to fall to their lowest since the Global Financial Crisis as higher rates, costs and tighter lending squeeze projects.

By Michael Curreen • 5 min read • Tue, 5th Sep 2023
Foreign buyer housing policy grabs attention of offshore billionaires
Taxation

Foreign buyer housing policy grabs attention of offshore billionaires

Enquiries from wealthy offshore buyers have surged, with agents predicting a flood of luxury property money if the policy is introduced.

By Michael Curreen • 4 min read • Sun, 3rd Sep 2023
Commercial property insights Q2 2023
eCommerce

Commercial property insights Q2 2023

Vacancies fell and rents rose in key centres as demand for quality office, retail and industrial space stayed firm across New Zealand.

By Michael Curreen • 4 min read • Tue, 29th Aug 2023
Reserve Bank taking ‘wait and see’ approach
Bank of New Zealand

Reserve Bank taking ‘wait and see’ approach

Borrowers facing repricing will welcome a stable OCR, with the Reserve Bank now signalling cuts may not come until early 2025.

By Michael Curreen • 3 min read • Fri, 18th Aug 2023
Home buyers out in force… vendors not so much
Inflation

Home buyers out in force… vendors not so much

Buyer activity is lifting sales, but thin stock and election jitters are keeping many sellers off the market, REINZ says.

By Michael Curreen • 7 min read • Tue, 15th Aug 2023
Auckland CBD’s Farmers building hits the market
Property Market

Auckland CBD’s Farmers building hits the market

The sale could draw strong investor interest, as the landmark Queen Street site brings in GBP £2.68 million a year and is fully leased.

By Michael Curreen • 4 min read • Tue, 8th Aug 2023
Agent lifts lid on luxury property industry
Smart Home

Agent lifts lid on luxury property industry

Offshore demand is fuelling more lavish additions to New Zealand's priciest homes, from gold taps to hidden bars and high-tech wardrobes.

By Michael Curreen • 4 min read • Wed, 2nd Aug 2023
When will people start moving house again?
Hybrid & Remote Work

When will people start moving house again?

Buyer confidence is expected to lift mover activity in the coming quarters, but high mortgage rates may keep house moves subdued for now.

By Michael Curreen • 5 min read • Thu, 27th Jul 2023