Real estate stories
Global private market exchange ADDX has appointed former senior managing director at the Singapore Exchange, Chew Sutat, as its chairman.
Rents in Auckland’s outer suburbs have climbed faster than in the city centre since Covid-19, as working from home shifts demand.
First-home buyers are returning to lenders as looser loan-to-value rules give them more room to qualify for a mortgage.
Property investors may see yields stabilise soon, as the Reserve Bank of New Zealand signals its Official Cash Rate has peaked and cuts loom.
Construction firms are under mounting strain as price rises, supply shortages and softer demand push insolvencies higher across New Zealand.
Prime CBD office space is tightening in Auckland and Christchurch, while Wellington rents rise despite a temporary vacancy jump.
Sales have fallen sharply from last year’s peak as higher interest rates and broader uncertainty cool New Zealand’s lifestyle property market.
The plan could cut central-city housing capacity, even as stronger transit-zone density and funding reforms win praise from some analysts.
Judges hailed the Tasmania-built clifftop home as a once-in-a-lifetime project at the HIA-CSR Australian Housing Awards in Hamilton Island.
Record sales at Sylvia Park, LynnMall and The Base helped offset a fall in property values as Kiwi Property posted a full-year loss.
First home buyers are showing renewed interest as easing lending rules and softer prices create opportunities in New Zealand’s slow market.
Higher costs are pushing home ownership further out of reach, as New Zealand buyers favour central, higher-quality housing and amenity.
Values are still falling in several centres, but slower declines and firmer migration are hinting the market may be nearing bottom.
Potential sellers are holding back as tight credit and uncertain interest rates drive April new listings to record lows nationwide.
InfoTrack has launched a new digital platform, Securexchange, that makes the process of purchasing property more transparent.
First-home buyers could find it easier to secure mortgages as lending limits are raised from 1 June, easing pressure on banks.
Signs of a floor are emerging as mortgage rates stabilise and sales improve, though values have still fallen 10.5% over the past year.
National prices kept falling in March, but the West Coast and Southland posted annual gains as sales slowed and homes stayed longer on the market.
Auckland’s student housing squeeze is easing as a NZD $250 million complex adds 907 rooms and could set a national template.
Vacancy remains near record lows as demand keeps industrial property attractive to investors, even as rising costs slow new development.
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