Development opportunity for PFI

Property for Industry notified the early surrender of the lease at a property in Harris Road,  East Tamaki and provides an update on plans for the site. PFI Chief Executive Officer, Simon Woodhams, said: “The early lease surrender at Harris Road marks a significant...

Property values going nowhere

6.8.25 Property values in New Zealand edged down by -0.2% in July, according to Cotality NZ’s latest hedonic Home Value Index (HVI). The result mirrors the annual change, which was also a –0.2% drop, bringing the median value nationally to $819,921. Cotality NZ Chief...

Auctions show strength

26.5.25 Auction metrics were looking positive for Ray White New Zealand last week, with 203 properties scheduled to go under the hammer ahead of this week’s OCR announcement. The group recorded a 55.8% clearance, up 14.74% year-on-year, with an average of 2.4...

Signs of a market rebound – CoreLogic

24.4.25 New Zealand’s housing market continues to show signs of recovery, with national sales activity and dwelling values both lifting in March, supported by easing mortgage rates and renewed buyer confidence, according to CoreLogic NZ’s April Housing Chart Pack....

Property values bottoming

6.3.25 New Zealand property values rose by +0.3% in February, the clearest sign yet that 2024’s ‘mini downturn’ has come to an end and that 2025 will likely see modest growth, reports CoreLogic. The median national value now stands at $807,164, which is down -16.9%...

Precinct sells Auckland hotel

5.3.25 Precinct Properties Group has entered into a conditional agreement to sell the hotel at One Queen Street in Auckland for $180 million. Scott Pritchard, Precinct's chief executive, said, "Initially purchased in 2012 and comprehensively redeveloped by Precinct,...