Property Market stories
Melbourne startup PropApp launches a new property app to help Australian homeowners connect with trusted agents, prioritising privacy and tailored support in Victoria.
Experts highlight how investing in quality furniture, especially solid timber pieces, can boost a home's market value beyond traditional renovations.
MezFi appoints banking expert James Hardy to its advisory board as it nears the close of Fund 1, aimed at democratising mezzanine finance access.
Non-bank lender Bridgit has expanded its distribution team with the appointment of five Business Development Managers to meet rising business demand.
JLL has launched the AI-powered Property Assistant to enhance property performance and boost financial returns across retail, industrial and office sectors.
Australia's data centre market is booming, with regional sites rising fast due to AI advances and renewable energy, doubling facilities in five years.
Fit out costs are on the rise across APAC, with Tokyo maintaining its position as the priciest city at USD $195 per square foot, according to Cushman & Wakefield.
BRKZ has secured USD $17 million in Series A funding to enhance construction procurement in Saudi Arabia, raising total funds to USD $22.5 million.
Unclear residential property rules are pushing overseas investors towards Australia and Dubai, risking hundreds of millions in capital for New Zealand.
Rising tenant demand is exposing a shortage of green offices, with Auckland alone facing a 164,000 sqm shortfall, JLL says.
High stock and subdued sales are giving New Zealand buyers and sellers rare breathing room as prices stay within a tight band.
More than NZD $63 million was cut from home asking prices in the first quarter as higher stock and longer selling times forced sellers to negotiate.
Borrowers face a slower economic recovery, with the Reserve Bank signalling room for further OCR cuts as tariff uncertainty clouds mortgage rates.
Buyers still face a subdued market as national asking prices stay below last year’s levels, even with more homes listed for sale.
Falling interest rates have yet to shake New Zealand’s housing market out of its summer lull, with values up just 0.5% in three months.
Buyers now have more negotiating power as national housing stock tops 35,000, even though new listings came in below expectations in February.
National average asking prices rose 60.3% in 10 years, but Auckland lagged as regional New Zealand drove most of the gains.
Auckland and Wellington are among Asia-Pacific’s most inclusive cities, with social equity seen as a driver of talent, growth and investment.
Lower borrowing costs and expiring term deposits could lift demand for commercial and residential property as investors hunt better returns.
New Zealand’s housing market finished 2024 quietly, with sales, prices and listings all showing mixed shifts as inventory stayed elevated.