Property developers stories
Disconnected suburban layouts can raise costs, limit transport and walking, and make everyday errands and school trips harder for families.
Higher building costs and rates rises are set to force developers to shelve projects, threatening new home supply and affordability.
Queensland developers are being asked to inject millions as Condev races to complete projects and avert collapse.
Labour shortages and supply bottlenecks are pushing New Zealand construction inflation to one of the OECD’s highest levels.
Bond markets and prolonged virus disruption could strain weaker firms, with airlines, shipping and non-food retail facing the biggest risk.
Passengers could soon book flying taxi trials in Melbourne or Sydney, as Uber prepares to name its first international test city on Monday.
The project will add a 3,000sqm town square and mixed-use buildings to central Takapuna, with work expected to begin from mid-2020.
Limited prime office stock is pushing Auckland CBD rents and yields higher, as hotel conversions leave developers short of sites.
Affordable housing will remain out of reach unless ministers back new greenfield development and broader planning reform, an expert warns.
A coordinated overhaul could unlock more homes in Auckland, after a taskforce report highlighted the barriers holding back development.
