Real estate stories
Passengers in New Zealand and Australia should see fewer delays as sensor data helps KONE predict faults and cut lift downtime.
Councils could soon use digital planning tools to cut delays and paper work, while blockchain may also reshape property settlements and rentals.
Strong visitor growth and a chronic room shortage are keeping Auckland CBD hotel occupancy and rates high, with more demand ahead.
More than 2,680 delegates attended the Auckland event, as new energy management and smart-building displays drew strong interest from tradespeople.
Auckland ratepayers could avoid the bill for a 50,000-seat roofed stadium, as a business-backed plan links it to waterfront redevelopment.
Offshore investors have snapped up Auckland’s Waldorf Stadium Apartment Hotel in the city’s biggest hotel deal for 12 years.
Regional hotel buyers are chasing stronger returns as domestic and international visitors push tourism demand beyond New Zealand’s big cities.
The Victorian government could speed up delivery by copying policies from Vancouver and Portland, a new report says.
Tight space in Auckland’s CBD is expected to lift prime office rents by up to 5% a year until new supply arrives in 2020.
Commercial buildings could soon gain healthier air, light and sound systems as EDGE Technologies and Delos test a shared platform.
New Zealand house sales fell 3.0% in September as July’s low listings fed through, leaving volumes at their weakest since January.
The 48-level tower will add 226 apartments and a 233-room hotel, with a public market at street level and a roof garden above.
Value capture could help fund more projects as Australia’s infrastructure pipeline swells, with nearby landowners, businesses and taxpayers set to gain.
NSW’s near GBP £47 billion infrastructure pipeline is expected to lift property values and spur development around three Sydney rail projects.
An ageing state-housing portfolio is driving poorer social outcomes as demand in New Zealand’s cities outstrips supply, Housing New Zealand says.
Construction is due next year after consent for 32 waterfront homes in Remuera, with prices ranging from USD $2.7 million to USD $13 million.
Auckland’s skyline could gain a landmark tower in October, with the winning Federal St design set to reshape inner-city living and streetscape.
North Auckland’s growth is set to boost sales at Century 21 Crism Realty, where Clive Goodman has taken over as franchise owner and principal.
Record-low office vacancy in Wellington is driving demand for the 21,000sqm expansion, which will house 5,000 workers across four buildings.
The deal broadens AVJennings' New Zealand business into retail land sales and adds a 580-lot site near Auckland's northern growth corridor.
