Property · Building · Design
In July 2021, Jen Baird joined the Real Estate Institute of New Zealand (,REINZ) as chief executive officer (CEO). REINZ represents more than 16,000 real estate professionals in New Zealand, providing education, data and digital services, and advocacy to support the industry in serving New Zealanders. Jen is the Xth CEO of this distinguished century-old institution and one of its few female CEOs.
The New Zealand Ministry of Business, Innovation and Employment (Ministry of Business, Innovation and Employment, MBIE) released its Sector Trends Report in November 2022. It showed that construction contributed NZ$18,100,000,000 to New Zealand's GDP in 2022, accounting for 6% of the national economy.
The Reserve Bank of New Zealand today announced an increase of 50 basis points in the Official Cash Rate (OCR), taking it to 5.25%
As the global economy and financial markets continue to change, understanding how New Zealand's property market developed in 2022 is crucial for investors. We witnessed the housing boom of 2020 and experienced the ups and downs that followed. In an era full of challenges and opportunities, how can we make sense of the property market and make informed investment decisions?
Office net absorption was strong in the second half of 2022. The overall central business district (CBD) office vacancy rate fell from 15.6% in June last year to 14.0% at the end of December 2022. The non-CBD office vacancy rate also declined, reaching 7.5% by the end of 2022.
The floods in Auckland over the past two months have shown the devastating consequences flooding can have for buildings and property.
The current property market downturn has dealt a heavy blow to house prices in some of New Zealand's upmarket suburbs
Immigration New Zealand estimates there are around 14,000 overstayers in New Zealand
YIJU New Zealand interviewed senior immigration lawyer Sonny Lam of Queen City Law, who has 15 years of litigation experience and previously served as an Immigration New Zealand officer, to share his analysis and views on the “amnesty” with YIJU readers
In a rare statement, New Zealand’s Immigration Minister says the Government is actively considering an amnesty for overstayers
Recently, a news story suddenly attracted widespread attention: in a rare statement, New Zealand’s Immigration Minister said the Government was actively considering an amnesty for overstayers, commonly referred to as undocumented migrants or illegal workers.
The upheaval and transitions of 2022, the shake-up of industries caused by market instability, and the rise of new industries all signal the arrival of a new journey and era—