Colliers stories
Councils face tighter deadlines as new rules could bring taller housing to city centres and transit hubs, raising pressure on infrastructure.
Vacancy rates are easing, but the shift to prime offices and hybrid work will keep reshaping property demand well beyond 2022.
New Zealand’s office, retail and industrial markets are expected to mirror Australia as Omicron peaks and border openings reshape demand.
Property groups warn the proposal could let well-funded firms seek cuts, leaving the most vulnerable tenants with less support.
Property deals are being slowed by fresh restrictions, but Colliers expects demand to recover quickly once alert levels ease.
Stronger-than-expected demand is tightening yields and lifting values, with industrial and large-format retail assets in New Zealand most resilient.
Vacancy has risen across Auckland and Wellington, while retailers and landlords wait to see whether city centres can recover from lockdown losses.
Vacancy rose across Auckland and Wellington offices, shops and warehouses in 2020, but low rates and investor demand kept yields firm.
Resource consent has been granted for a planned Auckland office development that could retain 1.8 million kg of concrete and preserve heritage features.
Low rates, fiscal stimulus and reopening borders should support New Zealand property values in 2021, though office and retail risks remain.
Auckland landlords and developers now face slower office demand and delayed projects as COVID-19 and recession fears cloud the recovery.
Takapuna could gain from a post-lockdown office shuffle as workers seek cheaper space and more home working weighs on Auckland's CBD.
City-centre footfall is rebounding, with new mobility data hinting at a steadier office market and a faster retail and tourism recovery.
Investor activity may stay buoyant through the 2020 election, with Colliers saying housing policy shifts have usually had only a limited effect.
Managed isolation and domestic travel have helped New Zealand hotels recover faster than expected, with occupancy rising sharply in key regions.
Transport spending could lift office, industrial and retail demand, but it may also squeeze supply and push up development costs.
Sixty-one terraced homes in Manukau will be priced from GBP £289,000, as the project packages whiteware, landscaping and parking.
The new unit will expand Colliers' services in New Zealand and tap Kerry Woods's experience on major refurbishments, including Auckland's QBE Centre.
Offshore investors have snapped up Auckland’s Waldorf Stadium Apartment Hotel in the city’s biggest hotel deal for 12 years.
The 25-year-old Porirua mall will keep its on-site staff after a AUD $100 million sale, easing concern for retailers and shoppers.
