Fulton Hogan, a leading civil construction company is pioneering the introduction of new cycle safety technologies in New Zealand.Simon Dyne General Manager Regional Business North Island, says that emphasis on new technologies is import…
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Mortgage borrowers getting creative but banks shift goalposts
New Zealand’s changing social dynamic is reflected in the co-operative approach many families and first home buyers are taking when applying for mortgage finance, but the banks – caught between a rock and a hard place by many…
Use tech to keep toasty
Getting up on a cold winters morning is hard enough, let alone when your breath is frosting the air before you’ve even hopped out of bed. Introducing the new Goldair Platinum range of Wi-Fi Panel Heaters. With minimalist desig…
Karma Takes Off The Ultimate GoPro Ecosystem Takes Flight
GoPro has long been celebrated for its ability to literally go anywhere, allowing you to capture imagery from surfboards, motorbikes, canoes or seriously large selfie sticks. You’ve heard the saying the sky’s the limit?Well n…
VINZ cuts EV entry certification costs by 50% to support importation of more electric vehicles
Independent vehicle inspection specialist, Vehicle Inspection NZ (VINZ), has cut the cost of entry certification for electric vehicles (EVs) from $165 to $82.50 to help increase their rate of adoption in New Zealand.Chief Executive Gordo…
VINZ cuts EV entry certification costs by 50% to support importation of more electric vehicles
Independent vehicle inspection specialist, Vehicle Inspection NZ (VINZ), has cut the cost of entry certification for electric vehicles (EVs) from $165 to $82.50 to help increase their rate of adoption in New Zealand.Chief Executive Gordo…
Ramada Announces Accommodation Partnership With PGA
UCKLAND, NEW ZEALAND (JUNE, 2017): The Professional Golfers Association (PGA) has partnered with Ramada Hotels and Resorts to be the official accommodation supplier for the next three years.Under the partnership, the PGA of NZ will be ab…
Air New Zealand Australasia’s #1 airline again
Air New Zealand was named Australasia’s Leading Airline for the ninth year in a row at the prestigious World Travel Awards announced in Shanghai, China, early yesterday morning.The airline has also been named the inaugural winner o…
Auckland House Prices Hold Steady
While the number of residential properties sold in Auckland in May was low compared to previous years, prices showed no signs of retreating.
“The average sales price for the month at $942,717, and the median price at $846,000, remained rock solid,” said Peter Thompson, Managing Director of Barfoot & Thompson.
“With a sound number of new listings, total listings at their highest for the past five years and low sales, there was greater pressure on prices to fall than has been experienced for some years.
“However, the average and median prices achieved for both have barely moved over the previous three months.
“On a year-on-year basis the average price is now running under 8 percent higher and the median price is 4.5 percent higher.
“For the first five months of this year sales numbers are down about a quarter on what they were for the same period last year.
“The vendors who are achieving a sale are those who accept that prices are flat, and are likely to remain that way until the September election is behind us.
“New listings at 1734 were down 6.6 percent compared to the average number for the previous three months and nine percent lower than they were in May last year. However, they were a third up on those for April.
“It suggests the price slow-down is not leading to a greater number of people than normal listing their property for sale.
“Total listings at 4298 were up a little on last month’s but more than 40 percent higher than at the same time last year.
“Top end properties remained in high demand with 341, or 38.5 percent of all properties sold in May, reaching more than $1 million, and of these 58, or 6.5 percent of properties sold, were for in excess of $2 million.
“Of properties sold during the month, 40, or 4.5 percent, sold for under $500,000.
New Zealand construction industry set for record year
New Zealand is on track to exceed last year’s level of building consents for new homes, despite building consent data released today by Statistics New Zealand showing a fall in April.Building and Construction Industry Training Orga…