by Warren Head | Jul 4, 2023 | Property
There were 45,159 new homes consented in the year ended May 2023, down 11% compared with the year ended May 2022, according to figures released by Stats NZ. “The latest annual number was down from the record high of 51,015 new homes consented in the year ended May...
by Warren Head | Jun 15, 2023 | Latest News, Market Commentary, Property
16.6.23 The highest-profile economic data release this week was the country’s Q1 GDP figures, which confirmed what many suspected, we were in a recession at the start of the year, comments CoreLogic NZ Chief Property Economist Kelvin Davidson The Stats NZ data shows a...
by Warren Head | Jun 9, 2023 | Latest News, Property
9.6.23 Kiwi Property has agreed the terms for a conditional sale of the Aurora Centre in Wellington to an institutional investor for $142.8m (net). The transaction price represents a 13.5% discount to the asset’s March 2023 valuation and will deliver a property level...
by Warren Head | May 18, 2023 | Companies, Latest News, Property
18.5.23 Sustained customer demand contributing to significant revenue and earnings growth is reported by Goodman (NZ) Ltd, the manager of Goodman Property Trust (GMT or Trust) for the year ended March 31, 2023. Customer demand for well-located warehouse and...
by Warren Head | Apr 18, 2023 | Economy, Property
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...
by Warren Head | Apr 13, 2023 | Economy, Latest News, Property
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...
