Industry Articles

Property · Building · Design

Pauline Gao: Character and vision first, wherever the path leads

For many people, the property and construction industry, a hard world built from steel and concrete, seems more naturally aligned with masculine strength and determination. Differences in physical strength, work pressures, family responsibilities… We have to acknowledge that women seeking to make their mark in property and construction face greater pressure and must work harder.

Industry commentary

New tax bill passes: has New Zealand housing lost its appeal? / As inflation continues to soar, is New Zealand commercial property still an effective hedge? / Draft MDRS rules released: who stands to benefit from the opportunity?

News at a glance: reviewing the first half of 2022

Latest CVs released, with local increases of up to 59%! On 7 March, Auckland Council released its latest capital valuations (CVs). The council’s previous CV release was on 1 July 2017, when median house values exceeded a million New Zealand dollars in 81 suburbs.

How did these two local men born in the 90s come to own multiple investment properties so young?

At 26, many young New Zealanders may still be enjoying working holidays overseas or saving a deposit for their first home. Yet Jonathan Brownlee, the subject of today's story, has only just turned 26 this year and already owns properties with a market value exceeding NZ$20,000,000... We hope his story will inspire the many young first-home buyers still working hard to save a deposit and help them realise their home ownership dreams sooner.

Are 10% of buyers who entered last year's hottest property market now in negative equity?

Analysis by Valocity, OneRoof's property data partner, suggests around 10% of those who bought during the market's hottest period, from October to December 2021, may now be in negative equity. Valocity reportedly reached its estimate of potentially affected buyers by comparing their purchase prices with current median house prices, then subtracting the minimum deposit of 20%, assuming these buyers purchased with a 20% deposit.