YIJU New Zealand

Industry Articles

Property · Building · Design

Exhibitor spotlight: part two

PlaceMakers, New Zealand’s largest building materials supplier; Oriental Construction Group, one of New Zealand’s largest locally based Chinese construction groups.

Exhibitor spotlight: part one

Fisher & Paykel; Number One Taste: how food and the property and construction industry help each other thrive

Do you really know how to assess land in Auckland?

Government restrictions on foreign buyers and new rules for landlords have reduced the pool of overseas buyers and investors in Auckland’s property market, and Auckland house prices cooled noticeably in 2019. The REINZ HPI shows that in June, Auckland property prices fell 3.5% year on year, while the number of properties sold fell 3.2%, from 1,879 to 1,819. The housing shortage nevertheless persists. As Auckland Unitary Plan policies settle into place, more land is being directed towards medium- and high-density development.

Are serviced apartments worth investing in?

As a country of immigrants, New Zealand has long attracted Chinese investors interested in property. At the end of last year, New Zealand introduced restrictions on overseas buyers purchasing residential property, prompting more overseas investors to explore other ways of investing in property, such as serviced apartments.

Will asset prices surge after a Federal Reserve rate cut?

A Federal Reserve rate cut has become highly likely. Against the backdrop of global political and economic conditions and the financial environment, the world economy is slowing noticeably. Central banks in the United States, Europe, China, Australia, Canada and India have turned dovish in succession. Some countries have already entered a rate-cutting cycle, and a new round of global monetary easing is about to begin.

Highlights preview: the premier annual property and construction expo and summit arrive on 16, 17 and 18 August

The 2019 New Zealand International Building Expo & Summit (NZIBES) will be held at the Vodafone Events Centre from 16 August to 18 August. Organised by the New Zealand Chinese Building Industry Association (NZCBIA), the event is co-organised by MultiMarketing, 3A and Skykiwi. This will be an unprecedented gathering for New Zealand's property and construction industries, creating more opportunities for industry dialogue and cooperation.

Innovation, efficiency and collaboration: Chinese businesses lead rapid growth in New Zealand construction

For New Zealand’s construction industry, 2018 was a turbulent year: in February, construction giant Fletcher Building announced total losses of NZ$660,000,000 in its Building and Interiors (B+I) business over the previous two years; on 1 August, Wellington-based Ebert Construction Limited announced expected losses of NZ$40,000,000; following Ebert, a construction group called Accenton also went into liquidation. Its projects included schools, retirement homes and apartments.

The second quarter of 2019 in review

New Zealand Government abandons capital gains tax; New Zealand releases the world’s first Wellbeing Budget; New Zealand sounds the call for global interest rate cuts

How should we interpret New Zealand’s 2019 top 50 secondary school rankings?

In April, education consultancy Crimson Education and international education market consultancy Quacquarelli Symonds, which publishes the renowned annual QS World University Rankings, jointly researched and released a new ranking of New Zealand secondary schools. Private girls’ schools stood out: 4 made the top 10, while private girls’ school St Cuthbert’s took the top spot.