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January 10, 2024
China Construction Bank (New Zealand)’s mortgagee sale of 33 Browns Bay apartments in The Victor has resulted in all the places being sold to a single buyer...
November 6, 2023
Further signs of extreme pressure in Auckland’s volatile apartment market have emerged with the mass marketing of two new apartment buildings. The new but...
November 2, 2023
China Construction Bank (New Zealand) has called for the mortgagee sale of 33 luxurious apartments in a multimillion-dollar Auckland block. In a clear sign...
August 23, 2023
New research has found build-to-rent apartments are in high demand. Developments which only offer rentals and never sell off any of their units are growing in both popularity and size here in New Zealand. Reporter Katie Fitzgerald reports.
June 1, 2023
A rise in build-to-rent and social housing projects could keep the construction sector ticking along during a downturn in activity.
March 30, 2023
Fall seen across nearly all regions, and Auckland becoming more apartment-friendly city.
March 26, 2023
In six weeks, 872 new units will be finished, boosting non-CBD apartment stock to 21,476.
July 6, 2021
More townhouse-style developments were being developed, which did not have the same lift and sprinkler system requirements of bigger buildings. “One of the drivers of this is increased collaboration between private developers and the [Government’s] KiwiBuild unit. Underwrite of units that meet the KiwiBuild price caps has enabled developers to proceed with construction in tandem with sell-down rather than waiting for the presale threshold to be met, which helps projects with price-capped ...
July 2, 2021
File photo. Photo: 123RF Research from the real estate firm CBRE shows the price of the average two bedrooms, off-the-plan apartment had fallen more than 20 percent in the past four years to about $860,000. Meanwhile, the average house price in Auckland had increased by about 30 percent in the past year to well over a $1 million. CBRE associate director of research Tamba Carleton put the price shift down to off-the-plan apartments shrinking in size in recent years, and being in low-rise buildi...