Property · Building · Design
Looking only at national figures, many people might conclude that New Zealand’s property market is still going through a correction.
Anyone who has been house hunting in Auckland over the past two years will probably have noticed that many new townhouse developments are looking increasingly similar.
For most people, a reform recently announced by Stats NZ probably does not seem like the kind of news that would spark widespread discussion.
“There isn’t a single security guard in this building?”
If one image could capture Auckland’s economic development over the past twenty years, the tower cranes scattered across the city would undoubtedly be among its most representative symbols.
This week, Auckland Council’s latest discussions on Plan Change 120 (PC120) entered a critical stage.
As banks begin raising mortgage rates while house prices remain flat, buyers, sellers, developers and investors are all waiting for the next card to be played. The question is, can the market still follow its familiar script this time?
For many New Zealanders, the property market has offered little to get excited about over the past three years.
Over the past few years, almost every discussion about New Zealand's property market has eventually returned to the same question: when will interest rates fall?
Three years ago, when ANZ, one of New Zealand's largest banks, publicly declared that national house prices had bottomed out and the worst was largely over, many believed the housing downturn triggered by aggressive interest rate rises was finally nearing its end.
A building often looks its “best” on the day it is completed.
At last month’s Property Development Solutions (PDS) event, PDS advisory committee member Nick Ni gave an insightful presentation on property development strategy.