Queenstown stories
Using a smartphone app and the efficiencies of ride sharing, Savy will provide on-demand and affordable transport...
Falling unoccupied stock and pandemic demand are making holiday homes harder to buy, though some coastal spots still fall below GBP £500,000.
WorkSafe said workers were exposed to dangerous fibres after friable asbestos was stripped from a Queenstown property without a licence or safety plan.
Nationwide house prices climbed 1.3% in October as low rates and scarce listings kept demand ahead of supply.
Rents are falling in Queenstown and other pockets, but most areas are still posting gains as the recession deepens and job losses loom.
Managed isolation and domestic travel have helped New Zealand hotels recover faster than expected, with occupancy rising sharply in key regions.
Property values have already slipped nationwide, with tourism-dependent centres like Queenstown hardest hit as the recession starts to bite.
Domestic travel spending could help cushion the sector as international arrivals slump and businesses await the effect of a new campaign.
With mortgage rules easing, the Government is being urged to soften New Zealand's foreign buyer ban to help revive property sales and investment.
Queenstown looks most exposed, with tourism reliance and Airbnb saturation making its property market vulnerable to a COVID-19 downturn.
COVID-19-driven revenue losses could force councils to cut infrastructure spending, hurting local economies and slowing recovery.
New roads, rail, schools and hospitals should help address years of underinvestment, though critics question whether USD $12 billion is enough.
Lifestyle property sales picked up over summer, with the national median price reaching NZD $725,000 and demand still firm across several regions.
Auckland households are now $96 a week worse off than a decade ago, as soaring housing and transport costs drag New Zealand's cities behind Australia’s.
New Zealand property investors remain upbeat despite a proposed capital gains tax, with Colliers finding prices and confidence still broadly positive.
Private debt funding for roads and water in Milldale could ease New Zealand’s housing shortage, though buyers face annual charges.
Regional hotel buyers are chasing stronger returns as domestic and international visitors push tourism demand beyond New Zealand’s big cities.
Confidence has climbed past pre-election levels, with survey respondents expecting house prices to rise in every market over the next year.
Severe housing shortages in Queenstown are set to ease as 230 freehold apartments in Remarkables Park go on sale from NZD $495,000.
A worker was left with severe arm injuries after an unsafe tortilla oven lacked guarding, training and an emergency plan, WorkSafe found.
