Real estate stories
The move to a GBP £20 million Tauriko warehouse should give NZL Group more room to expand and cut handling costs for its freight operation.
Timber is giving Australian builders a cost and speed edge as a Rotorua conference spotlights its growing use in commercial construction.
Auckland's housing slowdown is widening the gap with the regions, where annual price growth remains in double digits and sales are still firm.
The funding will bring forward 10,500 homes in north-west Auckland, but Mayor Phil Goff says the city still needs billions more to cope with growth.
Faster infrastructure spending could bring 60,000 homes forward by up to eight years in New Zealand’s fastest-growing cities.
Housing supply and affordability in Hamilton and Te Kauwhata are set to improve as infrastructure funding unlocks 10,700 new homes.
Up to 60,000 new homes could be built years earlier after the government backed roads and waterworks in five fast-growing councils.
Councils could gain a clearer picture of housing pressures as a new MBIE dashboard maps demand, supply and affordability data.
New Stats NZ figures show a year-long lag between consent and completion, as housing supply data are tested for the first time.
Each extra hour of direct sunlight a house receives daily can lift its market value by 2.4 per cent, a New Zealand study finds.
Businesses near major works face years of uncertainty as the City Rail Link’s shifting road closures hit productivity and lease planning.
Shoppers in West Auckland will see new signage within days as the former WestCity centre adopts a new name and branding.
A 17-storey return of Crowne Plaza adds 204 rooms and fresh conference space as visitor numbers in Christchurch are set to rise.
Home owners and developers will get free expert advice on permits, costs and planning as Jalcon opens a new Design and Build Hub.
The Brisbane tower’s timber frame is expected to cut carbon emissions and set a new benchmark for large-scale office developments.
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.
A coordinated overhaul could unlock more homes in Auckland, after a taskforce report highlighted the barriers holding back development.
Councils will be expected to use quarterly market data to test whether enough land is available for housing and business growth.
