Housing market starts to stabilise

18.4.23 March was a somewhat perkier month for the New Zealand housing market, after a particularly weak February, comments Westpac. “With mortgage rates now approaching their peaks, and even falling for some terms, it’s not surprising that we’d see some signs of the...

Construction material costs slowing

13.4.23 The latest Cordell Construction Cost Index (CCCI) shows construction costs rose 0.6% in the March quarter, well below the average quarterly increases of 2% recorded in 2021 and 2022. Meanwhile, the annual growth rate has dipped from a record high of 10.5%, to...

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...