‘Almost a perfect storm’: Auckland apartment construction declines again

‘Almost a perfect storm’: Auckland apartment construction declines again
Simplicity chief executive Sam Stubbs said it was “dangerous” for investors to assume house prices would go up. (Image: NZME)
Murray Jones
The number of Auckland build-to-rent projects in the pipeline has dropped again in the past quarter, according to the latest CBRE figures.Total units in active projects have fallen from 643 across four developments in Q3 to 352 across three projects in Q4 – a 45% drop. It represents a 62% decline since the peak of 927 units over 14 projects in Q2 2022.“It would be difficult to imagine a more difficult set of circumstances for the industry,” says Simplicity’s chief executive Sam Stubbs of the CBRE figures.“It’...

More Economy

Consumer confidence back on the up – ANZ survey
Economy Free

Consumer confidence back on the up – ANZ survey

Consumer confidence rose five points to 98.3 in April, according to the latest ANZ-Roy Morgan survey, shoring up the upward trend that was starting to look wobbly.But inflation expectations also rose sharply – up 0.5 points to 4.7%, the highest reading since July 2023.“Household...

‘Uncertainty abounds’: Willis on trade war challenges
Economy

‘Uncertainty abounds’: Willis on trade war challenges

The impacts for NZ are twofold and will make its economic recovery harder, Willis says.

Rebecca Howard 23 Apr 2025
Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Gregor Thompson 22 Apr 2025