The retirement village company says its resale prices are up an average 12%, while sales prices of new units are up 13% in the first five months of the 2023 financial year.
The listed property group has confirmed plans for a new seven-storey building at Wynyard Quarter, after engineering firm Beca signed a 12-year lease.
The stuttering housing market is steadily reversing the gains made during the pandemic-induced boom, while the Reserve Bank continues to turn the screws on interest rates.
New data shows that residential consent costs can vary hugely across what should be a standardised system, creating an expensive headache for builders.