Residential & Housing

Retirement village developer Summerset Group Holdings Limited has withdrawn a move to increase to its directors’ remuneration pool.

Promisia Healthcare says Thomas Brankin will step down from his executive role at the company’s 2026 annual shareholders meeting and continue as a non-executive director.

RMA Reform Minister Simon Court says the government’s planning reforms will prioritise infrastructure and reduce consenting delays.

Infrastructure, Transport and Housing Minister Chris Bishop will travel to New York and Texas in the United States for a range of meetings on housing, planning, urban development and transport.

The housing minister tells the Wellington Chamber of Commerce that the govt wants to unleash growth through urban development.

Consents in the Waikato region appear to take the longest in the country to be approved, according to the latest government data.

Project completions for the most recent quarter have increased to be double digits again, however this is unsustainable given the size of the pipeline.

Radius Residential Care has completed its $14.7m acquisition of the assets and business of the St Allisa care home in Christchurch.

There were 2,418 new homes consented in April 2025, down 17% compared with April 2024, according to Stats NZ.

A government directive to Kāinga Ora to take firmer action against abusive Kāinga Ora tenants has led to improved behaviour, says Associate Housing Minister Tama Potaka.

The developer is partnering with a Singapore-based institutional investor to fund the scheme.

The aged care company falls deeper into the red but says a turnaround programme is under way.

The value of residential building consents issued for the March 2025 year totalled $17.65bn, down 3.1% from the prior 12 months.

Institutional investors have been challenged by the difficult economic conditions but there’s significant private wealth looking to deploy.

Kiwi Property’s build-to-rent scheme Resido has been awarded a 9-star Homestar Built rating from the New Zealand Green Building Council.

The value of home loans in the second half of 2024 increased by 24.7% to $23bn, compared to the first six months of the year.

The government has confirmed strategic partnerships with five Community Housing Providers (CHPs) and says it is on track to deliver 1,500 social homes funded through Budget 2024.

The coalition government plans to take a number of measures during Q2 to encourage housing and infrastructure development.

QV says residential property values have largely been kept at a standstill throughout the first quarter of 2025.

Kāinga Ora is seeking proposals from real estate service providers to manage the sale of around 939 properties and potentially 50 land parcels.

Building and Construction Minister Chris Penk says the government is making it easier to build by unclogging the consenting system, reducing construction costs, and giving builders the support they need.

The government says it will introduce legislation towards the middle of the year to make it easier to build small standalone dwellings without a building consent.

Property values in Aotearoa New Zealand rose by +0.5% in March 2025, after a +0.4% lift in February, and a flat result for January, according to CoreLogic.

The Public Service Association says a net 673 roles could be axed at Kāinga Ora over the next year, including 195 roles that are currently vacant – a third of the housing agency’s workforce.

CDL Land New Zealand Limited has received consent from the Overseas Investment Office to purchase the freehold interest in approximately three hectares of sensitive land at 139 Te Aute Road, Havelock North, Hawke’s Bay.

There were 36,870 properties on the market in March 2025, up 10.9% on the same month last year, according to realestate.co.nz.

The new financing plan aims to encourage house building.

Around 250 property professionals have converged on Auckland’s Aotea Centre for the Property Council New Zealand’s Residential Development 2025 conference.

BNZ is predicting a 7% increase in national house prices this year.

A record net 24% of residential property investors this month have reported that it is difficult to find a good tenant.