Industry Articles

Are you an employer seeking accreditation? An employee hoping for a smooth work visa application? This task may be tedious, but it is essential!

Employment relations and immigration have always been connected in New Zealand. But just how closely? Probably fewer people know the answer. From 2021, employers must comply with their obligations to gain employer accreditation; only accredited employers can sponsor employees' work visas; and businesses need suitable staff to grow… That is how closely employment and immigration depend on each other.

14/10/2020

Move aside, big cities: Auckland performs worst! Where in New Zealand offers the best property investment returns? The answer may surprise you

Auckland is the most economically developed city, Wellington is the seat of government, and Christchurch is the South Island's largest city… Yet when it comes to New Zealand's best regions for residential investment, these big cities all have to step aside.

13/10/2020

Auckland keeps seeing extraordinary land sale prices! Are you ready for the subdivision boom? Exploring land subdivision, part one

In mid-September, two ordinary homes built in 1960 in Pakuranga, east Auckland, sold together for an astronomical NZ$4,050,000, more than double their combined CV of NZ$2,005,000. A few days earlier, a homeowner in Papatoetoe, south Auckland, was persuaded by a neighbour to sell their properties together, making a profit of more than NZ$200,000 just six months after buying his property… These seemingly extraordinary stories have not been uncommon in the recent property market.

09/10/2020

Where have all our dollars gone? Before we have even had a chance to enjoy life, they are gone. Here is what the official data says

Today, Auckland finally returns to Alert Level 1 after the prolonged impact of the second wave of the pandemic. Will there be another surge of pent-up spending, as there was after the first lockdown? Before reaching for your card, take a look at where we have spent our money over the past few months.

08/10/2020

When will commercial property recover from its crushing setback? Colliers International's 12-month analysis explains

Just how much has COVID-19 affected New Zealand's property market? From within the market, it can feel like being lost in a fog. Colliers International's latest report examines commercial and industrial property sales nationwide over the 12 months to June 2020, revealing the major shifts in market trends brought about by the pandemic.

07/10/2020

Mediation or arbitration for a lease dispute? Factors to weigh up beyond cost

To help landlords and tenants involved in commercial lease disputes arising from the pandemic, the government has introduced funding for mediation and arbitration services. So what is the difference between mediation and arbitration? How should the parties choose?

06/10/2020

Latest data: Auckland's average asking price passes $1,000,000, while Queenstown's home-buying demand trails its tourism appeal

The housing market over recent months could almost be described as frenzied, with asking prices climbing and auction sale prices reaching ever greater heights. The latest report from leading property website realestate.co.nz shows that this trend is continuing.

02/10/2020

Latest figures show unemployment better than expected, with these industries hungry for staff

Three successive rounds of wage subsidies came to an end in September, while unemployment, which had been expected to worsen, showed a slight improvement in August. Small though it was, it offered some hope. Some industries have remained resilient through the pandemic and economic turbulence, even experiencing further staff shortages. We look at which industries currently offer the most stable employment prospects.

01/10/2020

Government launches commercial lease dispute service: find out who qualifies

Has your business been affected by COVID-19? Has the pandemic created rent difficulties for your commercial property investment? The COVID-19 commercial lease dispute service officially launched last Friday. A legal expert explains which circumstances qualify for a subsidy and how much funding is available.

30/09/2020

Better after dark? Changes ahead for Auckland's city centre

Council chief economist David Norman and economist Shyamal Maharaj interviewed Auckland industry leaders to understand their views on the commercial property outlook and wider economic implications. Their proposed solution: develop the night-time economy.

29/09/2020

House prices keep climbing: time for the generation born in the 90s to buy!

House prices seem increasingly out of reach, but rather than keep waiting, it may be time to act. An expert explains why those born in the 90s should consider buying their first home now.

25/09/2020

New Zealand’s economy shows early signs of weakness, but property prospects remain promising: an in-depth look at the pandemic’s impact on the construction market and its future development (part two)

In the previous article, we discussed the pandemic’s overall impact on New Zealand’s construction industry and its prospects. In this article, we look at the outlook for the Chinese construction sector, its development and ways to respond.

23/09/2020