Industry Articles

A welcome solution for large apartment and townhouse developments has finally arrived in New Zealand — from a brand you will recognise!

In recent years, summers in our cities have become hotter and winters colder. Installing air conditioning is currently the most efficient solution, but an ordinary New Zealand house needs at least 4–5 split-system units, with 5–7 kW for the living room and 2.5 kW for bedrooms and recreation rooms. This is expensive and neither energy-efficient nor environmentally friendly.

30/08/2021

Nationwide lockdown expected to end by October, with another wave of interest rate rises potentially awaiting the housing market!

As the outbreak intensifies, whether the Reserve Bank will continue tightening monetary policy has become a key industry concern. Economists said this week that mortgage rates would still rise even with the Reserve Bank holding the OCR unchanged.

27/08/2021

One fire, two hours, a three-storey apartment building and thirty households evacuated! What can we learn from the Hobsonville Point fire?

Do you remember the Hobsonville Point fire in 2017? The blaze that dominated New Zealand's media headlines overnight remains fresh in many people's memories.

26/08/2021

What responsibilities and obligations do employers have under Alert Level 4 lockdown?

Yesterday, New Zealand Prime Minister Jacinda Ardern announced that Auckland’s Alert Level 4 lockdown would be extended by at least a week. With the outbreak yet to peak, there is no prospect of Auckland leaving lockdown early.

25/08/2021

The Reserve Bank holds the OCR: relief or another blow for property investors?

Against the backdrop of the Government’s nationwide Alert Level 4 lockdown to combat the outbreak, the Reserve Bank of New Zealand’s Monetary Policy Committee agreed today to maintain the current level of monetary stimulus. In other words, the Official Cash Rate (OCR) will remain unchanged at 0.25%.

24/08/2021

Auckland Council adjusts building and resource consent services under Alert Level 4: how will your project be affected?

Auckland Council recently published an announcement on its website outlining changes to building consent, resource consent and regulatory engineering services under Alert Level 4. The New Zealand Chinese Building Industry Association and YIJU New Zealand therefore jointly remind Chinese construction industry colleagues to adjust their plans to suit their projects’ progress in response to the sudden move to Alert Level 4.

20/08/2021

Pandemic success sends the wealthy flocking to New Zealand to buy property

Had Larry Page’s child not recently been hospitalised in Auckland, nobody would have realised that the world’s sixth-richest person and Google co-founder had already immigrated to New Zealand at some unknown point. As the news emerged, Page’s colleague, Google Senior Vice President Urs Hölzle, also announced that he would move to New Zealand for a trial stay. With global elites arriving one after another, it is hard not to exclaim: New Zealand’s exceptional pandemic response is sending the wealthy flocking here to buy property.

17/08/2021

Earning 38,000 a month! This year's biggest property market winner emerges! Bought for 980,000, sold for NZ$4,150,000!

A property in Fendalton, Christchurch, recently sold in May for NZ$415. Transaction records show that the owner bought it in 2014 for NZ$980,000, meaning the seller made a net resale profit of NZ$3,170,000 after 7 years, with the property's value rising to 423% of its purchase price. This made the seller this year's biggest property market winner.

16/08/2021

$6,252,000 stuns the auction room! No winter slowdown: insider home-buying tips you will not want to miss!

Winter is usually the quiet season for New Zealand's property market, with prices and sales volumes often falling. It is widely considered a buyer's market: sellers who ultimately choose to sell in winter often have a reason to sell urgently, giving buyers the prospect of an attractively low price.

13/08/2021

The event ends, but the excitement continues! The 2021 New Zealand International Building Expo concludes successfully!

The annual industry showcase, the 2021 New Zealand International Building Expo & Summit (NZIBES), concluded successfully on 7 August at Vodafone Events Centre. More than a hundred businesses gathered at the venue, welcoming 1,1000 visitors over two days. This year's expo was organised by the New Zealand Chinese Building Industry Association (NZCBIA), with 3A Events and MultiMarketing as joint supporting organisers.

12/08/2021

The pitfalls of property development and building in New Zealand: an expert team's flagship course reveals all

A practical course to help beginners avoid property development pitfalls is about to launch! Starting in September, the Auckland Land Subdivision and Project Management Training Course distils thirty years of New Zealand property industry experience into valuable practical insights.

11/08/2021

Can you afford your first home in New Zealand? The answer may shock you!

Industry observers recently said the new tax policies introduced by the government in March this year have not played a decisive role in curbing house price growth. According to the latest information released by the Real Estate Institute of New Zealand last Tuesday, national house prices rose 28.7% in June, with the average price exceeding NZ$900,000 for the first time.

10/08/2021