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Articles tagged with 'construction'

Construction costs rise expected in wake of floods

8 February 2023 - The scale of Auckland’s flooding damage could be in the range of $500 million plus and increase construction costs as well as inflation.

Pull back in construction sector long time coming

16 December 2022 - Economist Tony Alexander has been warning about a widespread weeding out of businesses in the residential building sector since early-2021 but says he did not expect that it would take until now for the pullback in activity to really get underway.

Boom in construction to fade over next few years

16 August 2022 - Building work across the country is expected to  steadily drop from a high of $50.9 billion last year to $41.7 billion in five years’ time.

Building costs soar and no end in sight

22 July 2022 - As contracts on off-the-plan developments and new-builds fall over because of the tough new finance laws making it difficult for buyers to get finance, due to the risks associated with them, including the rising costs of construction, warnings have been issued by the industry.

Not if, but when construction starts falling

30 June 2022 - Residential construction is close to topping out – if it hasn’t already –  in this housing cycle.

Construction activity rises

7 June 2022 - New house construction is continuing at a breakneck pace - running at its highest level in decades.

Construction costs soar

27 April 2022 - A surge in new building consents is piling extra pressure on New Zealand’s construction industry, with annual costs increasing 7.3%  - a record, eclipsing 2017’s fourth quarter cyclical peak of 6.9%.

Building consent values skyrocket

7 April 2022 - A dramatic rise in the value of construction work last year came alongside the 48,899 building consents issued that well and truly broke 1974’s 47-year record of 40,025.

New Southern Cross CLT hospital finished by Christmas

18 October 2021 - A new independent hospital for the South Island's Central Lakes region is on track to be finished before the end of this year and be operational by the end of January.

New-build buyer risks grow

10 September 2021 - Developers are extending timelines for new-build homes due to construction delays, leading to increased risks for borrowers.

Building on a roll

9 September 2021 - For the first time in a single quarter building work across the country has passed $7 billion.

New records in building industry consents

31 August 2021 - Residential building consent numbers continue to break records, Statistics NZ figures reveal.

Fall in real house prices expected by Reserve Bank

20 August 2021 - The Reserve Bank is now predicting house prices will actually start falling from the third quarter of next year.

New homes under threat from overstretched construction sector

12 May 2021 - While the unemployment rate has fallen to 4.7% it could have an outsized risk for new home building.

Sales to drop keeping values rising

30 April 2021 - Despite record-low listings, property values and sales rose rapidly through the first quarter of this year, a new CoreLogic report shows.

Sharp drop in building consents

30 March 2021 - Residential building consents dropped a whopping 18% last month, the first decline in six months after rapid gains.

New build loan boost

2 March 2021 - Advisers report that it is getting easier to access construction and new build loans, amid growing pressure to increase the supply of new houses.

Why is it so hard to build a home?

10 December 2020 - Residential property development loans have fallen by 18% year-on-year, according to Reserve Bank data, with advisers calling for changes to fix the house-building...

Development loans fall

10 December 2020 - Residential property development loans have fallen by 18% year-on-year, according to Reserve Bank data, with advisers calling for changes to fix the house-building crisis.

Market influencers going forward...

2 November 2020 - Value growth is accelerating and one property expert is picking that Government construction plans and the role of LVRs will dominate market discussion of the trend going forward.

Dunedin in demand

29 October 2020 - A supply and demand imbalance together with improved housing stock mean Dunedin’s values are on the rise, writes Joanna Jefferies.

Labour plans to regulate property managers

2 October 2020 - Property managers will be regulated and subject to a Code of Conduct to ensure they meet professional standards if the Labour Party returns to power after the election.

COMMENT: The true cost to build a house

2 October 2020 - Think price-per-square-metre gives an accurate idea of the cost to build a home? Think again! Landmark Homes’ Warwick Aldridge* explains what’s not included – and what to look out for when comparing quotes.

Resilient consent numbers surprise

30 September 2020 - High numbers of residential dwelling consents are still being issued with Stats NZ’s latest data leaving economists surprised at the ongoing resilience of construction.

High consent issuance not expected to continue

1 September 2020 - Over 10,000 new dwelling consents were issued in the three months to July, a rolling total not seen since the 1970s. But economists don’t expect the trend to continue.

Consents no longer needed for low-risk work

31 August 2020 - Good news for those wanting to add a sleep-out, shed or carport to a property: today’s the day that consents are no longer needed for low-risk building work.

Covid-19 fog hangs over consents increase

30 July 2020 - New dwelling consents were up by 20% year-on-year in June. That’s a big increase but it doesn’t allay the concerns of economists going forward.

New urban planning rules for Councils

24 July 2020 - Restrictive planning regulations have long been cited as a major contributor to New Zealand’s housing shortage – but new rules mean Councils will have to loosen up their rules in a bid to boost supply.

Why the future is not bleak for the housing market

3 July 2020 - Uncertainty continues to cast its shadow over the housing market but economist Tony Alexander has put together a list of reasons which offset the negatives and mean the market remains well-supported.

Consents rebound likely to be short-lived

1 July 2020 - There was a strong increase in residential building consents in May but economists say the rebound won’t last.

Consents fall could have been worse

2 June 2020 - New dwellings consents dropped in April. That didn’t surprise anyone but economists were surprised that the drop wasn’t bigger.

How Budget 2020 supports the housing market

14 May 2020 - Was Budget 2020 transformational? Experts are debating that now but, whether or not it turns out to be, it does provide some support for the residential property market going forward.

Budget 2020: Social housing boost

14 May 2020 - Rebuilding New Zealand post-Covid-19 was, as promised, the focus of Budget 2020 - and it turns out that includes the roll-out of a big social housing building programme.

[VIDEO] Don’t expect a buyers’ market immediately

15 April 2020 - Listings of properties for sale are likely to lift post-lockdown but CoreLogic’s head of research, Nick Goodall, says that doesn’t mean the housing market will immediately switch into a buyers’ market. [WATCH VIDEO]

Covid-19 will impact on building activity

31 March 2020 - New dwelling consents hit a 45 year high in the year ending February 2020 – but that was before the Covid-19 crisis hit.

Headwinds for the commercial market

10 February 2020 - Tightening credit conditions could impact on New Zealand’s booming commercial property market, according to the Property Council’s chief executive.

Strong growth in multi-unit dwelling consents

31 October 2019 - The number of dwelling consents being issued just keeps going up, with September seeing the highest number in any 12-month period since the year to October 1974.

Prefab changes don’t address finance issue

14 October 2019 - Reforms to the Building Act will make it easier to carry out a prefab build - but it will be large scale projects that benefit rather than smaller-scale investor projects.

Collaboration key to urban development

11 October 2019 - Central and local government and industry must work together to ensure that the Government’s proposed new urban development strategy is successful.

Consents up again in August

30 September 2019 - Ongoing growth in the number of new dwellings being consented demonstrates an increasing focus on densification particularly in Auckland.

New Government housing agency established

20 September 2019 - It’s official: the Government’s new urban development and housing authority, Kāinga Ora, has been given the go-ahead after the necessary legislation passed its third reading in Parliament this week.

Reset policies will prompt price rises - Westpac

10 September 2019 - KiwiBuild “reset” policies will boost demand, rather than supply, and that will lead to house price rises, Westpac’s economists are predicting.

Build-to-rent momentum grows

29 August 2019 - The Government needs to better enable the growth of New Zealand’s fledgling build-to-rent sector if it wants to alleviate the country’s housing shortage.

COMMENT: The dangers of neglecting code compliance certificates

28 August 2019 - It’s a legal requirement for commercial buildings to have a Code Compliance Certificate yet many don’t. Building compliance expert Rosie Kilip explains why this is not a good thing...

Auckland consents hit all time high

30 July 2019 - The Super City has seen the number of new dwelling consents being issued surge to a record high - but economists believe house building activity is nearing its peak.

Consents at 45 year high

2 July 2019 - KiwiBuild production may have struggled to get off the ground but the wider construction industry is powering on with new data revealing that consents hit a 45 year high in May.

What’s up with home building?

30 May 2019 - More new dwellings desperately need to be built but recent construction data and outlook releases leave us asking what is going on in the residential building sector.

COMMENT: Property reno - where are the tradies?

5 March 2019 - What seemed like a straight-forward renovation job on a rental property left Auckland Property Investors Association vice president Peter Lewis wondering where all the tradies have gone when we need them so much…

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 5.94 - - -
AIA - Go Home Loans 8.49 6.35 5.79 5.79
ANZ 8.39 ▼6.79 ▼6.29 ▼6.29
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - ▼6.19 ▼5.69 ▼5.69
ASB Bank 8.39 6.35 5.79 5.79
ASB Better Homes Top Up - - - 1.00
Avanti Finance 8.90 - - -
Basecorp Finance 9.60 - - -
BNZ - Classic - ▼6.19 5.79 5.79
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 8.44 - - -
BNZ - Rapid Repay 8.44 - - -
BNZ - Std 8.44 6.45 5.89 5.79
BNZ - TotalMoney 8.44 - - -
CFML 321 Loans 6.70 - - -
CFML Home Loans 6.95 - - -
CFML Prime Loans 8.75 - - -
CFML Standard Loans 9.70 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 6.15 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 8.15 6.35 5.79 5.69
Co-operative Bank - Standard 8.15 6.85 6.29 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - ▼6.60 ▼6.10 -
First Credit Union Standard 8.50 ▼7.20 ▼6.70 -
Heartland Bank - Online 7.99 6.69 6.35 6.15
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.00 6.50 -
ICBC ▼7.49 ▼6.15 ▼5.69 ▼5.69
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 8.25 7.19 6.69 6.59
Kiwibank - Offset 8.25 - - -
Kiwibank Special - 6.29 5.79 5.79
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 8.75 ▼6.69 ▼6.19 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 8.49 ▼7.05 ▼6.39 ▼6.39
SBS Bank Special - ▼6.45 ▼5.79 ▼5.79
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 5.94 ▼5.45 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
TSB Bank 9.19 ▼7.09 ▼6.59 ▼6.59
TSB Special 8.39 ▼6.29 ▼5.79 ▼5.79
Unity 8.64 ▼6.29 ▼5.79 -
Unity First Home Buyer special - 6.20 - -
Wairarapa Building Society 8.50 6.65 5.99 -
Westpac 8.39 6.89 6.39 6.39
Westpac Choices Everyday 8.49 - - -
Westpac Offset 8.39 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 6.29 5.79 5.79
Median 8.44 6.53 6.10 5.79

Last updated: 4 October 2024 9:35am

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