Real estate stories
More than 600 new homes are planned for a 70-ha Invercargill site, with developers saying the project could ease pressure on buyers.
Listings fell to record lows as buyers pushed Auckland’s median house price to GBP £1 million and nationwide sales hit a 14-year October high.
Albany has become Auckland’s top apartment market, with suburban projects taking more than two-thirds of sales as CBD demand slumps.
Nationwide house prices climbed 1.3% in October as low rates and scarce listings kept demand ahead of supply.
Record-low rates have lifted first home buyers to a 25% market share, but reimposed lending curbs could force many out again.
Lower migration losses are still propping up housing demand, though CoreLogic says border closures will eventually curb population growth.
House sales jumped to a 42-month high in September, with low borrowing costs and scarce listings driving record prices nationwide.
Planning reforms could add GBP £4 billion in annual value and 39,200 jobs, as states weigh faster approvals and clearer rezoning rules.
House prices in major cities have held firm through the downturn, though UBS warns falling rents and weaker incomes could trigger a correction.
Auckland’s central city is set to benefit from the $5b City Rail Link, with property values, investment and demand for quality offices holding up.
Remote working has widened attack surfaces, with 40% of executives reporting more cyber attacks as cloud adoption rushed ahead.
Nationwide property values rose 0.8% in September as low rates and scarce listings kept demand firm despite the economic downturn.
Guests will see more touchless entry, easier-to-clean surfaces and flexible layouts as hotels redesign to curb infection risks and crowding.
Hong Kong tops the global list for home prices, with an average residential property costing USD $1.23 million despite pandemic uncertainty.
The Christchurch studio's leadership is set to strengthen its architecture and design offer across New Zealand and overseas after the pair's promotion.
Record house prices and strong sales are fuelling doubts over Treasury’s forecast of a 5% fall by June next year.
Lockdown failed to cool Auckland’s housing market, as August sales hit a five-year high and prices reached fresh records.
Auckland landlords and developers now face slower office demand and delayed projects as COVID-19 and recession fears cloud the recovery.
Cities with lower poverty and stronger infrastructure are likelier to attract workers and firms as pandemic-era habits reshape where people live and invest.
Takapuna could gain from a post-lockdown office shuffle as workers seek cheaper space and more home working weighs on Auckland's CBD.
