Auckland mayor Phil Goff laid out his vision yesterday to build infrastructure at a rate that would match the region’s unprecedented population growth.
New Zealand’s net inflow of migrants clicked up another notch last month as the immigrant number jumped over 12,000 and the net for the year rose by 97 from June to 72,402 for the 12 months to July.
One townhouse was sold out of 3 auctioned at Bayleys branches around Auckland last week.
Bayleys agents have sold 3 units in the Grange retail development at Warkworth and an industrial unit in Rosedale.
Knight Frank has sold an East Tamaki building and secured 4 leases, one in St Johns and the other 3 in Christchurch.
2 of the 3 commercial properties auctioned at Bayleys yesterday were sold under the hammer. The other, an Avondale development site (pictured), was passed in at $5.3 million. Both apartments & a cross-leased Grey Lynn home in the auction were passed in.
The focus in Fletcher Building Ltd’s full-year results announcement last week was on events in its construction division. This article looks briefly at how the company’s other divisions went for the year.
Steel & Tube Ltd went close to last year’s pretax & after-tax earnings in the year to June, but new chair Susan Paterson said a number of external & internal factors took the final result below the high expectations the company had set for itself.
While a few spokespeople pushed in the last fortnight for Reserve Bank restrictions on home loans to be eased, in the vain hope of maintaining overall sales in a declining market, Bank of NZ chief economist Tony Alexander took a different course.
Bob Dey Property Report, weekly diary, Auckland Council, auctions, economy, events, Parliament, securities
The softening in property markets has been evidenced by 2 sales, one in New Lynn passed in at auction in April and sold 4 months later for the same figure, the other a Mt Roskill property with a mix of uses.
High Court judge Ailsa Duffy has brought to an end an episode in the scrap over the secretively funded & heavily over cost Mangawhai Ecocare sewerage scheme.
A sharp drop in leasing of new top-grade industrial property in Auckland represents a short-term timing issue, not a cooling market, CBRE Research senior director Zoltan Moricz says in the consultancy’s latest market outlook. Caption:
Precinct Properties NZ Ltd lifted its net profit after tax by 17.3% in the June year. The commercial property investor now has a large development portfolio and it’s expecting to make a $150 million notes issue this month as the first stage in diversifying its funding.
Kiwi Property hires strategy manager – Retief leaves Kiwi Property – Kelley to replace McNaughton at Vicinity – AMP Capital fills 3 top real estate seats as it proclaims momentum continuing – Ratcliffe replaces Meltzer on Housing NZ Corp board – Kidd takes over NAI Harcourts management – 2 architects join Construkt – Coburn to […]
Readymix concrete production was over 1 million m³ again in the June quarter, after the customary March quarter dip.
One of the 3 apartments auctioned at Barfoot & Thompson today, and one of the 3 eastern suburbs cross-leased units auctioned yesterday, were sold under the hammer.
2 apartments in the Cintra & Altitude buildings were sold and 2 passed in at Ray White City Apartments’ auction today.
After an hour of a media briefing on Fletcher Building Ltd’s slashed annual profit yesterday, group chair Sir Ralph Norris thought it was time to move on.
Fletcher Building Ltd still came out ahead in the year to June despite a $292 million loss by its construction division.