Building consents for new homes fell 15 short of the 2000 benchmark in September, for the first time since March, not helped by the weakest month in Auckland since February and a second quiet month in Canterbury.
Auckland mayor Len Brown stuck to his proposal for a 2.5% 2015 rates increase when he released it at the council meeting yesterday, with a few modifications in its makeup.
The Property Council’s annual operating expenses benchmarks show insurance premiums for commercial property in the Wellington cbd have more than doubled since 2010 and are 175% higher than in Auckland.
Building & Housing Minister Nick Smith hailed an unprecedented construction boom over the next 3 years, forecast in a report out yesterday. What the report also shows is that the boom is now forecast to surpass the expectations of 11 months ago only this year, the 2016 peak should be lower and it should start to peter out more quickly.
Fletcher Building Ltd has made a number of management changes in a restructure announced yesterday.
Vital Healthcare Property Trust has sold one Auckland property and will start 2 projects at Australian hospitals.
One Flat Bush commercial unit sold under the hammer at Barfoot & Thompson’s auction today and 2 industrial units were sold when their auction was brought forward.
Ray White City Apartments sold 3 units under the hammer today and agents expected the other 2 to be sold quickly
3 apartments sell & 2 under negotiation at Ray White – Mayor releases rates proposal – Council defers air quality bylaw decision – Reserve Bank holds cashrate – Fed holds to zero, decides to end treasuries programme – 3 apartments sell at Bayleys, nightclub floor passed in – 3 cbd apartments sell, fringe units passed in, one sold post-auction – One apartment sells under hammer at Barfoots
The US Federal Reserve stuck to its 0-0.25% funds rate target today but decided to conclude its treasuries-buying programme this month.
City Sales had success with 3 cbd apartments up for auction yesterday, selling all of them, but 3 units in inner western suburbs were passed in. One of those was sold post-auction.
3 apartments sold under the hammer at Bayleys yesterday, 4 were passed in and one commercial property up for auction, the nightclub floor in a downtown building, attracted no interest in the auctionroom but did have conditional buyers in the wings.
One suburban apartment sold under the hammer at Barfoot & Thompson’s auction today and another on Hobson St sold prior.
3 apartments sell at City Sales – One apartment sells at Barfoots auction – 3 apartments sell but no bid on nightclub floor
The first hearing of submissions on the Auckland unitary plan opens today, the first of 3 days on regional policy statement issues.
Bayleys North Shore Commercial agents have reported 5 leased signed around Albany, one in Glenfield and another across the bridge in Mt Roskill.
Colliers agents on the North Shore have reported one sale from September and 4 leases.
Goodman Property Trust has sold 3 Christchurch properties to private investors for a total $18.9 million.
The Bob Dey Property Report weekly diary of Auckland Council, auctions, economy, events, Parliament & securities