Queenstown stories
A Queenstown ski operator has been fined after a fatal fence-post crash exposed years of ignored hazards and poor risk checks.
National home values have edged up 0.5% this quarter, but most cities are still below year-ago levels as demand stays patchy.
Drivers could face tolls on more roads under ACT’s plan, which would let private investors fund, build and maintain new routes faster.
Values are still falling in several centres, but slower declines and firmer migration are hinting the market may be nearing bottom.
New Zealand home values fell for a 10th straight month in January, leaving prices 7.2% below a year ago and raising further downside risks.
Further official rate rises are likely to keep mortgage costs high and delay any rebound in New Zealand’s housing market.
Higher mortgage costs and tighter lending are set to keep house prices under pressure, with June marking a third straight monthly fall.
Tighter, costlier credit is set to deepen New Zealand's housing downturn, with CoreLogic warning of more price falls and weaker sales.
Sharp falls never came, but tighter credit and rising mortgage rates now threaten to turn New Zealand's Covid-era property boom into a buyer's market.
Rising rates and tighter lending rules could cool New Zealand’s housing boom in 2022, after values topped GBP £1m nationally for the first time.
Property values rose 1.4% nationally in September, but activity is easing as tighter lending and higher rates weigh on buyers.
Westland is the country's most affordable area, with house prices at just 3.2 times income and rent and deposits well below national norms.
Affordability pressures are starting to bite, with Hamilton and Rotorua both posting quarterly falls after a rapid run-up in values.
Judges praised the low-energy Jack’s Point build for self-sufficiency and craftsmanship, sending DCD through to November’s national awards.
Cheaper provincial suburbs have driven New Zealand's property boom, with Manunui up 51.8% and Hargest selling in just six days.
Hundreds of Southbase Construction staff have gained digital badges as standardised micro-learning helps lift consistency, safety and promotion prospects.
Government help may be needed as first-time purchasers’ share of the market falls to its lowest level since 2018, CoreLogic says.
Falling unoccupied stock and pandemic demand are making holiday homes harder to buy, though some coastal spots still fall below GBP £500,000.
WorkSafe said workers were exposed to dangerous fibres after friable asbestos was stripped from a Queenstown property without a licence or safety plan.
Nationwide house prices climbed 1.3% in October as low rates and scarce listings kept demand ahead of supply.
