ARE plans delisting from NZX/ASX

24.1.23   Following consultations with the major investors, Auckland real Estate Trust’s board will be presenting to unitholders a proposal to delist the Trust. Investors will shortly receive a meeting notice for a General Meeting, which will occur in early...

Lift in multi-unit consents

13.1.23 There were 50,209 new homes consented in the year ended November 2022, up 3.2% compared with the year ended November 2021, according to Stats NZ. There were 28,364 multi-unit homes consented in the year ended November 2022, up 24% compared with the year ended...

Window for borrowers open for now

13.1.23 "Those borrowing to buy their first or next home have six weeks of likely interest rate stability so now could be a good time to pounce," says Tim Kearins, Owner of Century 21 New Zealand. His comments come ahead of the Reserve Bank - for the first time in...

Office vacancy rates rises in Auckland

29.11.22 Auckland metro office space vacancy continued to trend upwards over the six months to September to reach 8.9% from 8.0% recorded in March, reported Colliers International. Prime grade vacancy stood at 7.1% in September while the secondary grade figure...

Kiwi Property rental income record

28.11.22 Kiwi Property has continued to expand both rental income and profitability in the six months ended 30 September 2022, despite the challenging macro-economic conditions. The results highlight the strong performance of the company’s property portfolio and the...

Property investors staying the course

23.11.22 Property values may be coming down but there are no indications of a wave of selling by property investors according to the latest survey report from Crockers Property Management and economist Tony Alexander. Each month they survey a selection of the many...