Wellington stories
Wellington-based investment manager Morrison & Co is part of a group buying 49 percent of Australian telecommunication giant Telstra's mobile towers business.
Affordability pressures are starting to bite, with Hamilton and Rotorua both posting quarterly falls after a rapid run-up in values.
Online property traffic is staying strong during New Zealand's Level 4 lockdown, as buyers browse listings and sellers turn to virtual appraisals.
Digital delivery and new construction tech are speeding up projects, with the supreme award-winning water scheme completed in a year.
Record prices are still climbing, but a drop in sales and inventories suggests winter may not be the only reason for the slowdown.
New Zealand has already warmed 1.1°C, with the IPCC warning of more coastal flooding, fires and heavier rainfall ahead.
Borrowers face tighter lending rules as the Reserve Bank moves to curb risky loans amid house values rising 1.8% in July.
Projects that kept ferries running, roads safer and power supply secure were among the winners at Civil Contractors New Zealand’s awards in Wellington.
New records in prices and sales show demand is still outpacing supply, despite efforts to cool New Zealand's property market.
Stronger-than-expected demand is tightening yields and lifting values, with industrial and large-format retail assets in New Zealand most resilient.
Values are already falling in Gisborne, New Plymouth and Napier as nationwide house-price growth cools and rate rises loom.
The report urges ministers to curb speculation, strengthen tenant rights and expand social housing after finding the crisis breaches basic rights.
Cheaper provincial suburbs have driven New Zealand's property boom, with Manunui up 51.8% and Hargest selling in just six days.
Record-low inventory is pushing New Zealand house prices higher, leaving first-time buyers with fewer affordable options.
Residents will face a 13.5% rates rise as the council backs billions for water, housing, cycleways and library repairs over a decade.
Government help may be needed as first-time purchasers’ share of the market falls to its lowest level since 2018, CoreLogic says.
Sales fell by more than 2,500 from March as investors and first-time buyers took a wait-and-see approach to tighter lending rules.
Weaknesses in New Zealand’s PPP procurement have been laid bare after a review found early cost estimates and governance helped derail Transmission Gully.
Record prices and a 14-year sales high show New Zealand's housing market is still racing ahead despite tighter lending rules and tax changes.
Vacancy has risen across Auckland and Wellington, while retailers and landlords wait to see whether city centres can recover from lockdown losses.
