Property · Building · Design
The report outlines the current state and importance of New Zealand’s construction industry and offers many practical recommendations to improve productivity and public perceptions
On 9 August, the 2024 New Zealand International Building Expo & Summit officially opened at Auckland’s Due Drop Events Centre. This year’s theme is “Mobilising the construction industry” (Capacity, Capability, Collaboration).
With the theme ‘Mobilising the construction industry’, the 2024 building expo offers everyone involved in construction ways to break through current challenges. The 2024 building expo is a platform for showcasing the latest technologies and products, as well as an important opportunity to promote industry exchange and collaboration!
That day, New Zealand's Financial Markets Authority (FMA) said approximately 120 investors had invested in Du Val-related entities. The court issued asset preservation and interim receivership orders against Du Val Capital Partners and other Du Val Group companies.
Interest rates are expected to fall gradually over the coming months, potentially helping house prices stabilise and recover
CoreLogic's July house price survey shows that New Zealand's national median house price has fallen 2.5% since February.
With developments springing up everywhere, how can we make informed choices about projects with capital growth potential and developers with the financial strength to ensure our investments deliver the returns they should?
House prices here are more affordable than in other parts of central Auckland. The latest Barfoot & Thompson figures put Mt Roskill’s median sale price at NZ$1,087,500, almost level with Auckland’s median.
Against the backdrop of the current economic downturn, property sellers appear to be facing unprecedented challenges.
OneRoof editor Owen Vaughan said these substantial gains reflected two facts: first, large gains often accumulate over many years, with the 225 properties analysed held for an average of almost 20 years; second, buying property in top suburbs requires a CEO-level income.
This shows how supportive planning rules can transform the market: townhouses make efficient use of land and can be built near existing infrastructure, such as transport links.
Australia and New Zealand are geographically close and share similar cultural backgrounds, yet their property markets have followed markedly different paths.