Real estate stories
SmartBear promotes Shital Whitmore to CFO, while Bryce Chicoyne becomes COO. SmartBear has tripled revenue and EBITDA and completed seven acquisitions.
Cushman & Wakefield appoints Vivek Dahiya as Head of Data Centre Advisory Team, Asia Pacific. Congratulations!.
COVID-19 brought Home Live to the attention of the real estate industry as agents and property managers as they hit limitations.
Ng Beng Tiong ('BT Ng') has been appointed as Chairman of the Board of Directors, Advisor and Member of the Investment Committee.
Higher borrowing costs have not stopped New Zealand first home buyers lifting their share of purchases to 24% as prices ease.
Higher interest rates are cooling New Zealand’s housing market, with sales down 34.7% and buyers hesitant despite more enquiries.
Further official rate rises are likely to keep mortgage costs high and delay any rebound in New Zealand’s housing market.
Projects risk missing tenants and returns unless developers align design and operations from the outset, a UKO co-founder says.
Farm sales have fallen sharply as higher costs, volatile weather and policy pressure weigh on rural confidence across New Zealand.
Higher rates and living costs are keeping sales subdued, even as more first-home buyers and bidders return to spring open homes.
Tenants including EY and Fujitsu are moving into a seismically resilient six-storey building, lifting Wellington’s office supply by 10,049sqm.
Vacancies are at multi-year lows nationwide as booming logistics demand and tight land supply push industrial rents and values higher.
Desirable school zones are propping up prices and fuelling buyer demand as families hunt for homes with stronger future resale prospects.
Most New Zealanders want flood-risk homes disclosed, as a survey warns opaque climate messaging could damage trust across property markets.
Affordable Southland is drawing first home buyers and investors, with Invercargill’s median house price hitting a record NZD $488,000 in August.
Rising mortgage rates and inflation are still weighing on New Zealand property sales, though agents are seeing more first-home buyers returning.
Softening house prices could tempt vendors to go private, but agents still deliver about 15% more on average, Century 21 says.
Higher urban land costs and borrowing pressures have driven New Zealand house prices up for two decades, though reforms may ease them.
Tenants can keep choosing their own retailer as building owners and body corporates turn privately owned power lines into recurring income.
A third of the 400 apartments are already occupied as the 59-level Southbank tower opens, signalling stronger demand for rental stock in Melbourne.
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