Real estate stories
Record prices and a 14-year sales high show New Zealand's housing market is still racing ahead despite tighter lending rules and tax changes.
Landlords may avoid selling despite new tax rules, as CoreLogic says capital gains and Brightline liabilities outweigh the extra borrowing costs.
Poor data and slow adoption are leaving construction late, over budget and responsible for a growing share of emissions.
Digital twin tools could help cut costly delays and emissions, as 90% of infrastructure projects are still late or over budget.
Investor demand is set to ease as tax changes and tighter lending curbs threaten to cool the market, though prices are still rising fast.
Vacancy has risen across Auckland and Wellington, while retailers and landlords wait to see whether city centres can recover from lockdown losses.
Vacancy rose across Auckland and Wellington offices, shops and warehouses in 2020, but low rates and investor demand kept yields firm.
The package aims to boost supply and help first-home buyers, but experts warn it may not curb soaring prices or fix shortages quickly.
Home buyers could gain from easier grants, while investors face a tougher tax regime and rents may rise as a result.
Auckland developers are finding stronger demand and easier consents as housing shortages, low rates and relaxed zoning reshape the market.
Sales surged 14.6% year on year in February as buyers rushed to secure homes before loan-to-value restrictions returned in March.
Men own 31,000 more homes than women in New Zealand, underscoring how the gender pay gap is limiting access to property.
LVR curbs and tighter investor lending are expected to cool New Zealand house prices, after Tauranga posted a monthly fall.
Sustainability, modular builds and antimicrobial coatings are expected to reshape the sector as pandemic-era demand and supply shifts persist.
Average household incomes rose just 1.3% last quarter, leaving New Zealand house prices at their least affordable level since records began in 2004.
Resource consent has been granted for a planned Auckland office development that could retain 1.8 million kg of concrete and preserve heritage features.
New Zealand’s housing market remained brisk in January despite a modest month-on-month price fall, with sales and auctions both at multi-year highs.
House prices are likely to cool after the Reserve Bank reinstated loan-to-value curbs from 1 March amid stability concerns.
New Zealand home values rose 2.2% in January as tight supply and low rates drove a rebound in Christchurch, Auckland and Queenstown.
Possible tighter rules could curb investor demand as mortgaged buyers regain a 27% share of the housing market, CoreLogic says.
