Real estate stories
Vacancy constraints and rising rents have kept industrial property firm, but higher rates and a cooling economy are now testing demand.
Investors risk overpaying for a new build if they ignore resale competition, parking needs and whether the development is oversupplied.
Buyer interest lifted in October, with new listings, auctions and asking prices all rising after the election.
Lendlease chooses GitLab's DevSecOps platform to transform software development, fostering collaboration and shared security responsibilities.
New research says the model could help low-income families and key workers secure homes for generations in Aotearoa New Zealand.
A $24.8 billion roads and public transport plan could give builders more certainty and lift jobs, commerce and regional growth.
A weaker New Zealand dollar is helping lure North American buyers, with one investor already eyeing NZD $50 million for local businesses.
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.
Home values are edging higher as first-home buyers and tighter supply lift activity in several centres, despite wider uncertainty.
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.
A growing number of New Zealand suburbs are edging back into growth, though affordability and higher mortgage rates are likely to cap gains.
Empty or underused urban land could be pushed back into housing, as economists argue TOP’s tax would make speculation less profitable.
More stock and faster sales suggest the housing market may be turning a corner before spring, despite higher rates and election uncertainty.
Desperate tenants are now offering above asking rents as migration and storm damage squeeze Auckland's inner-city housing supply.
National home values have edged up 0.5% this quarter, but most cities are still below year-ago levels as demand stays patchy.
New building consents are set to fall to their lowest since the Global Financial Crisis as higher rates, costs and tighter lending squeeze projects.
Enquiries from wealthy offshore buyers have surged, with agents predicting a flood of luxury property money if the policy is introduced.
Vacancies fell and rents rose in key centres as demand for quality office, retail and industrial space stayed firm across New Zealand.
Borrowers facing repricing will welcome a stable OCR, with the Reserve Bank now signalling cuts may not come until early 2025.
Buyer activity is lifting sales, but thin stock and election jitters are keeping many sellers off the market, REINZ says.
