Property Market stories
More homebuyers are seeking healthier, more efficient houses, with Homestar registrations rising tenfold in three years to 6,700.
Tighter vacancies and buoyant Auckland demand have lifted sentiment for warehouses even as office and retail confidence weakened nationwide.
The 55,000-square-metre Mangere plant’s efficient layout helped secure New Zealand’s top property honour at a gala in Auckland.
Businesses are finding it harder to secure quality central-city space as Auckland’s CBD vacancy rate hits a record low and rents rise.
New Zealand’s office and retail markets are cooling, though returns remain above the 10-year average as overseas yields narrow.
Investors are snapping up regional accommodation as New Zealand’s tourism boom pushes enquiry and sales to record levels.
Political risks around Urban Development Authorities may be justified, but heavy consultation and funding gaps could blunt their impact.
Despite Hawke’s Bay’s spending surge, Napier shops stayed empty as retail vacancies held steady in the city’s main shopping streets.
Rising finance costs and subcontractor shortages are likely to delay some Auckland projects as construction inflation remains elevated.
Auckland buyers face rising prices as 3,840 apartments are forecast to be completed next year despite labour and cost pressures.
More than GBP £250 million of hotel stock changed hands in 2015/16, as tourism growth pushed yields lower and drew overseas buyers.
Wellington and Christchurch are diverging sharply after the quake, with confidence climbing in the capital while turning negative in the Garden City.
A shortage of prime CBD space has pushed Auckland retail rents to record highs and kept conditions tight until new supply arrives.
Office tenants in Wellington are facing higher rents and shorter leases after the quake, as vacancies hit a decade low and quality options dwindle.
The upgrade is set to lift the Wellington tower's seismic rating to 88 per cent and put 7,000 square metres back on the market.
Buyer demand in Tauranga stayed strong as all five auctioned commercial properties sold for USD $10.9 million, with out-of-town interest lifting prices.
Christchurch investors are being offered a rare premium office asset with 92 per cent occupancy and annual net income of NZD $3.3 million.
Childcare centre values are climbing as scarce sites and strong public funding fuel competition among investors in New Zealand, especially Auckland.
Tighter bank funding and rising borrowing costs could curb deals and pressure prices in New Zealand's commercial property market this year.
Vacancy in Wellington’s CBD has fallen below 8 per cent after the Kaikoura earthquake, leaving displaced tenants with few office options.
