Median house prices firmed slightly across New Zealand during February , with regions outpacing the nation’s largest city of Auckland according to the Real Estate Institute of New Zealand. The national median house price increased to $495,000 in February , […]
Australian based infrastructure and mining firm downer EDI has agreed to buy construction company Hawkins , in a further sign of consolidation in the industry. No price was given for the acquisition , which would be debt funded, Downer said […]
Reserve bank deputy governor Grant Spencer says it’s too early to declare victory with the recent slowdown in house prices. He also says the central bank will be monitoring demand pressures from migration and the ability of the construction sector […]
The New Zealand housing market is in for a ” pronounced and overdue slowdown”, with national house price inflation forecast to fall to around 5% a year , says Fitch one of the world’s top three credit rating agencies. “Affordability […]
HEB Construction sank into the red last year after it wrote down the value of a major project by almost $31 million. The Drury based company reported a loss of $23.5 million in the 12 months ended August 31st , […]
Shares of Zillow dropped more than 7% to $3.00 recently , erasing roughly $400 million from it’s market cap , after the online real estate listing company forecast a larger than expected loss for the rest of the year. Although […]
Issues arose last week alleging Bunnings Hardware Chain misled customers with it’s ‘lowest price guarantee’. The accusation of misleading prices of it’s goods as the lowest in the market place was in fact not true. Bunnings price guarantee states it’s […]
New images released by Google Time lapse application show how New Zealand’s biggest city has evolved since 1984. One can only imagine what these images will look like in another 10 years in 2026 with the massive amounts of housing […]
We hear about New Zealand’s housing crisis almost daily in the news these days and it appears it is not getting better. New Zealand’s home ownership rates at its lowest in 66 years after the housing crisis that is gripping […]
In a recent survey Auckland ranked 4th least affordable out of 92 major cities around the world. Only Hong Kong , Sydney and Vancouver are more unaffordable according to the survey. Auckland,s median house prices soared to $830800,00 or 10 […]