Real estate stories
InfoTrack has launched a new digital platform, Securexchange, that makes the process of purchasing property more transparent.
Judges hailed the Tasmania-built clifftop home as a once-in-a-lifetime project at the HIA-CSR Australian Housing Awards in Hamilton Island.
Record sales at Sylvia Park, LynnMall and The Base helped offset a fall in property values as Kiwi Property posted a full-year loss.
First home buyers are showing renewed interest as easing lending rules and softer prices create opportunities in New Zealand’s slow market.
Higher costs are pushing home ownership further out of reach, as New Zealand buyers favour central, higher-quality housing and amenity.
Values are still falling in several centres, but slower declines and firmer migration are hinting the market may be nearing bottom.
Potential sellers are holding back as tight credit and uncertain interest rates drive April new listings to record lows nationwide.
First-home buyers could find it easier to secure mortgages as lending limits are raised from 1 June, easing pressure on banks.
Signs of a floor are emerging as mortgage rates stabilise and sales improve, though values have still fallen 10.5% over the past year.
National prices kept falling in March, but the West Coast and Southland posted annual gains as sales slowed and homes stayed longer on the market.
Auckland’s student housing squeeze is easing as a NZD $250 million complex adds 907 rooms and could set a national template.
Vacancy remains near record lows as demand keeps industrial property attractive to investors, even as rising costs slow new development.
Mortgage rates may already be near their peak, but new borrowers still face tough affordability tests and repricing pressure for months.
Vacancy and redevelopment plans have cut Skyworld’s annual income to GBP £2.3 million, but the site could be reshaped into a major mixed-use precinct.
Older industrial stock is being bulldozed as occupiers demand taller, greener warehouses closer to customers, JLL says.
Sales and listings fell sharply in cyclone-hit regions, even as nationwide housing stock returned to more normal levels in February.
Government demand and a flight to quality have left Wellington’s CBD with the lowest office vacancy among major Australasian markets at 5.4%.
Property Council New Zealand says the changes could unlock thousands of rental homes as National seeks to attract more investor capital.
Rising borrowing costs and tax changes are pushing more landlords to lift rents or exit the residential market, a survey found.
Higher interest rates and softer prices left apartment owners hardest hit, with a quarter of Q4 resales in loss and median losses at a decade high.
