Real estate stories
Skyfii extends contract with The GPT Group for another three years, expanding its suite of analytics and marketing services.
Shenzhen’s 599-metre Ping An Finance Centre has joined a Chinese boom in supertall towers after seven years of construction.
Property now supports more than 1.4 million Australian jobs, with AEC Group saying its GDP contribution hit USD $202.9 billion in 2015-16.
Nationwide prices climbed 1.2 per cent to NZD $525,000, even as sales fell to a six-year September low and lending tightened.
A 1.3ha freehold site in Monaco, anchored by The Honest Lawyer pub, offers rental income and future development upside for buyers.
More than 20 councils joining GoShift could cut delays and costs for builders, developers and homeowners across New Zealand.
Auckland’s self-storage operators are benefiting as apartment living lifts demand, with average occupancy holding at 90.46 per cent and fees rising 4.18 per cent.
A Kiev apartment sale paid for in cryptocurrency signals blockchain could simplify cross-border property deals and attract foreign investors.
Rebuild spending and repaired homes are reviving Christchurch’s case for top-city status, with billions still to go and 2020 milestones ahead.
Christchurch faces a glut of CBD offices as Wellington’s prime space has all but vanished after quake damage, Colliers says.
Shoppers in Lower Hutt will gain a new drawcard as H&M opens its first Wellington store at Queensgate on 26 October.
Limited industrial land in Napier is being turned into 20 lots for lease or sale, with demand lifted by regional growth and shortages.
The faster method could help ease Auckland’s housing shortage, though Fletcher says the first panelised homes will not yet cost less.
Investors can buy into four North Island warehouses leased back to Provida, with the scheme targeting a projected 8 per cent annual return.
Pre-election uncertainty barely dented residential sentiment, with a survey showing house price expectations holding steady across New Zealand.
Australasian real estate firms kept the top ESG ranking for a seventh year, though the gap with the rest of the world is narrowing.
Fewer sales across every region in August suggest buyers remain cautious, even as national residential prices rose 8.2 per cent year on year.
Tight supply and surging demand are pushing industrial property yields to record lows across New Zealand, with Auckland and Wellington hardest hit.
The deal will add 110 consented units and lift Arvida’s village count to 29, with future developments expected to boost earnings further.
Auckland buyers face a tightening apartment market as just 12 months of supply remain, while average prices climb 12 per cent to NZD $1.12 million.
