There’s an omission in an Australian report out on Monday which put a midpoint pricetag of $A6.2 billion on fixing the last 10 years’ worth of poorly constructed apartment buildings. The omission: That $A6.2 billion is money you no longer have available – for new construction or for anything else.Read more →
A warehouse & office unit on Link Drive, in the Wairau Park precinct of the North Shore, sold under the hammer on a sub-5% yield at Colliers’ auction yesterday.Read more →
An Epsom unit, a St Heliers townhouse & a Bayswater section ripe for redevelopment were sold at Bayleys’ auctions around Auckland last week.Read more →
The Trust Investments Property Fund has ended up with ownership of HEB Construction Ltd’s headquarters building in Wiri at a slightly higher price than it negotiated early last year after the rental figure was finalised, taking its portfolio of commercial properties to $150 million.Read more →
Colliers agents have sold 4 properties around Auckland & 2 in Gisborne, including 2 post-auction & one pre-auction.
At Albany, a site on Appian Way (pictured) with consent for a mixed-use development has been sold.
A grand Edwardian unit on the Devonport waterfront (pictured) was sold under the hammer at Bayleys’ North Shore residential auction last week. It was one 6 apartment & townhouse sales at suburban branches around the region.Read more →
Goodman opens 11ha Shanghai facility 97% leasedRead more →
National electricity retailer Meridian Energy Ltd will return to an office in the Christchurch cbd next year after signing up for nearly half the office space in the 5-level Awly building, currently under construction.Read more →
The fifth tranche of special housing areas in Auckland, announced by Building & Housing Minister last Thursday, has just 4 addresses with provision for about 150 homes. But one of them, by Fletcher Residential Ltd at 3 Kings, will eventually part of a 1500-dwelling development.Read more →
3.11pm: City Sales gets 4 apartments sold 4 of the 8 apartments taken to auction at City Sales today sold under the hammer. Auction results: Regatta Court, 92 Nelson St, unit 8B, sold for $282,000, sales agent Georgia Featherstone The Statesman, 1 Parliament St, unit 306, passed in at $285,000, Ryan Bridgman Volt, 430 Queen […]Read more →
Quotable Value Ltd operations manager Kerry Stewart said today Auckland house values were rising at a faster rate this year than in the lead-up to the previous market peak at the end of 2007. The figures below show average prices up by $90,000 on the isthmus in a year and the eastern suburbs up $101,000, […]Read more →
The Real Estate Institute said yesterday 6632 houses were sold in February, up 34% on January and up 7.5% on February last year. The national median house rose 7.6% in the year to $382,000 but fell $7000 short of the record set in December. The Auckland median rose 14.3%. The institute’s stratified housing price index […]Read more →