Real estate stories
Valocity joins Microsoft in a co-sell partnership, leveraging the tech giant's global sales team to expand its Property Valuation Platform's reach.
IBM has introduced artificial intelligence (AI) into its TRIRIGA solution to enable intelligent real estate and facility management.
Auckland's housing crisis could deepen if the Drury project fails to deliver affordable homes despite NZD $2.4 billion in transport spending.
New Zealand home values kept climbing in February, lifting the average house to NZD $722,475 and worsening affordability for buyers.
Buyers could face stronger competition and higher prices this month as warm weather and tight stock tempt more vendors to list.
Demand for affordable Auckland townhouses is squeezing supply, as first-home buyers snap up projects off the plans before building begins.
Tight stock and low borrowing costs helped drive New Zealand home sales to their busiest January in four years, REINZ said.
Transport spending could lift office, industrial and retail demand, but it may also squeeze supply and push up development costs.
Mortgaged buyers lifted their share of property purchases to 25% by the end of 2019, with some suburbs seeing them dominate the market.
Developers can now assess sites in minutes, as new data tools cut weeks from feasibility work and simplify approvals.
Approval of the Orbit plan could see Innisfil grow from 37,000 people to 150,000 while limiting sprawl and preserving farmland.
Lifestyle property sales picked up over summer, with the national median price reaching NZD $725,000 and demand still firm across several regions.
A new report has reinforced pressure on ministers to back council infrastructure spending, after all eight cities were classed as severely unaffordable.
Tight supply and stronger demand lifted New Zealand house sales 12.3% in December, with prices rising in 15 of 16 regions.
Sustainability and wellbeing are reshaping workplaces, with firms adopting greener materials, softer palettes and more homely layouts.
Auckland's housing recovery is gathering pace, with low rates and tight listings expected to push prices higher in 2020.
Higher borrowing demand and scant listings pushed New Zealand’s national median house price to a record NZD $630,000 in November.
Tight housing supply and surging demand are pushing Dunedin values up 17% a year, with buyers still outpacing new listings.
Tight listings and lower bank serviceability tests are helping to lift New Zealand house values, with Auckland appearing to have bottomed out.
Growing commuter demand and planned development are giving Tuakau a boost, as young Auckland families seek cheaper homes and bigger sections.
