According to valuation group QV, the property standards in Wellington have dropping the majority in the nation although there are indications of a revival.
Standards in the Wellington section went down the majority in the nation ever since March, downward by 3.4 per cent, and are at the moment 6.5 per cent under the market crest.
Gull moves ahead to thrilling opening to enlarge its NZ footstep. Today Gull established the sale of its Australian resources to fuel group Ausfuel, and expressed that it will fetch superior aim on increasing its New Zealand trade.
Kiwi Income Property also known as KIP has said that it is fine with the higher exposure that it is getting in Auckland. The fund is going to invest majorly in the retail market of the region and is confident that it will get handsome returns from that.
Auckland house prices increased in November comparing to the month of October whereas the sales percentage also geared up in November. Barfoot & Thompson is considered to be one of the largest real estate firms in Auckland and a spokesperson of this company has already sold 668 houses to different buyers so far. It is a 19.1% increase in comparison to October.
Upgradation of Auckland’s waterfront will create immense scope in commercial sector. According to experts, around $4.29 billion will be generated to strengthen huge employability process by 2040. This report has been flashed in a national daily recently.
On the other hand, PricewaterhouseCoopers report was brought to the front in public in relation to waterfront project.
The construction industry of Northland is facing crisis and that can be understood from the number of building consents that have been given till now. They are just 36 which is the lowest that have happened in the industry in the last 17 years.