Property · Building · Design
Yesterday, the Reserve Bank of New Zealand announced two new measures aimed at curbing increasingly rampant house prices: considering an early return of LVR restrictions and providing cheap funding to commercial banks. Can these policies really contain the current homebuying frenzy? Let us look at what experts and industry figures have to say.
Just this afternoon, another large site covering 1373 square metres sold at auction for a record NZ$7,060,000. The property at 12 King Edward Avenue, Epsom, contains 4 units dating from the 30s of the last century. The buyer's intention to subdivide and redevelop the site seems clear.
The land subdivision seminar series, jointly presented by YIJU New Zealand and the Chinese Building Industry Association, aims to provide comprehensive guidance across disciplines and project stages for investment, property and construction professionals interested in subdivision.
The wave of returning New Zealanders and economic policies prompted by the COVID-19 pandemic have driven the country's residential market to unprecedented levels of activity. But how has the commercial property market changed? Recent Colliers International surveys show that industrial property and office buildings are following different trends.
The winners of the 2020 New Zealand Architecture Awards, organised by the New Zealand Institute of Architects, were recently announced, with 27 projects winning across 13 categories. Let's take a look at these outstanding New Zealand buildings.
In earlier articles in this series, we discussed how to buy and sell a business, along with the five main steps and points to watch. In this instalment, we explain some of the key clauses in a business sale and purchase agreement in detail.
New Zealand’s soaring house prices in recent months have sparked a series of disputes. First-home buyers blame investors for pushing up prices, the property industry accuses first-home buyers of worsening the housing crisis, and economists point to the Reserve Bank of New Zealand’s removal of LVR restrictions as the main culprit. Even Prime Minister Jacinda Ardern expressed concern about house prices in an interview with the New Zealand Herald. Now, the latest report from realestate.co.nz suggests overseas buyers may be among those driving prices higher.
Jointly organised by the New Zealand Chinese Building Industry Association, YIJU New Zealand and 3A Events, with Germany’s BRAVAT as naming sponsor, the New Zealand satellite event for the Shenzhen International Finished Housing Exhibition and the opening seminar in the ‘Land subdivision’ series were successfully held in Auckland on 31 October. This was also the first major gathering of Chinese industry professionals in New Zealand since the pandemic began.
A recent research report from International Data Corporation (IDC) has sounded a warning for the entire construction industry. New Zealand was among the countries singled out, with professionals noting that ‘Australia and New Zealand lack effective technology and are comparatively behind technologically’.
As a work visa holder, it is particularly important to review your employment relationship and understand your work status, so that it does not affect your work visa renewal or immigration application.
Can being a landlord in New Zealand still be a positive experience?
According to the latest figures from the Real Estate Institute of New Zealand (REINZ), the national property market in September continued the strong activity of recent months. Sales volumes, prices and auction numbers all reached new highs, while some unusual trends also emerged.