Number of cranes goes sky-high

The construction boom is seeing an unprecedented number of cranes rise across New Zealand’s cities, according to research released today. The Q2 2017 RLB Crane Index revealed a record 132 cranes towering over New Zealand’s cities, with Auckland alone accounting for 72.

crane

“In Auckland, in particular, strong economic growth driven by high inward migration and increasing tourist numbers, along with solid housing activity, manufacturing and consumer spending, has seen the rock star economy continuing to drive the construction industry, where demand is stretching the current supply,” said Chris Haines, Rider Levett Bucknall’s Auckland Director.

“Auckland continues to dominate New Zealand skies with 72 long-term cranes, 55 per cent of all cranes observed across the seven key centres,” Haines said. “The current index highlights a 13 per cent increase in the number of cranes within the Auckland region since the last count in Q4 2016. Twenty-three new cranes have been erected and 15 have been removed from projects that are nearing completion.” Construction work put in place increased by 20 per cent in the 2016 calendar year, making it the fifth consecutive year of growth.

Source:

  • Anne Gibson
  • NZ Herald

Commercial Bay – Auckland

Source: P Precinct

Focus on apartments for Auckland

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The Merchant Quarter apartments in New Lynn

Nearly 6000 new apartments are set to be built across Auckland over the next three years, with most planned for suburban and city fringe areas rather than the CBD, new research reveals.

The new housing stock includes developments that are currently being marketed, have building consent or are under construction.

Thousands of other properties are still in the pre-planning stages or envisaged on surplus land being freed up for private developers by Auckland Council and the Crown.

The new apartment stock will help address a drastic housing shortage that has seen house prices soar across the city by 20 per cent in the past year to a new record median of $749,000 last month, according to Real Estate Institute data.

apartmentCommercial real estate agency CBRE has released figures on the Auckland apartment market.

They show the city has 26,500 apartments in 393 buildings, 68 per cent of which are in the CBD.

Another 5723 apartments in 87 buildings are in the “active development pipeline” and set to be completed by late 2018. This represents a 20 per cent increase in apartment stock – to 32,000 apartments in 480 buildings.

While apartments have traditionally been built mainly in the CBD, the number constructed in fringe suburbs and suburban areas is forecast to reach an all-time high next year, with 1170 units due for completion in fringe areas, 960 in suburban zones and 790 in the CBD.

The new housing is planned right across the city, from Orewa to Pukekohe, and Beachlands to Henderson.

CBRE senior managing director Brent McGregor said 530 apartments in 12 buildings had already been completed this year, and a further 1486 added to the pipeline – more than half of them outside the CBD.

“What this research shows us is that the time of the fringe city and suburban apartment has come. Developers are responding to demand from people looking for affordable and attractive places to live, and apartment living is on the list all over the city.” Additional developments still in pre-planning stages included CBD towers, under-utilised fringe sites, building conversions, wider estate developments and new low-rise buildings in greenfield suburban areas.

Real Estate Institute chief executive Colleen Milne said affordability and supply were the main catalysts for Auckland’s housing problems.

“Apartments make excellent use of the land and often provide extra facilities, off street parking and location.”

The research follows warnings that an over-supply of low-quality apartments could send prices plummeting.

Source:

  • Lane Nichols
  • NZ Herald
  • Photo: Doug Sherring

Catalyst in the UK

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• Commercial Construction – Buildings
• UK based Client interviews 18th-22nd May
• Fast paced recruitment project

Our client – one of New Zealand’s leading main commercial construction companies is visiting the UK 18th to 22nd May 2015 with the intention of hiring great people to strengthen their already dominant position within the NZ market.

As New Zealand based International Sourcing specialists and as preferred suppliers, Catalyst Recruitment has been asked to assist with finding suitable professionals to ensure their recruitment trip is as successful as possible.

Numerous roles are being sourced and include,

• Project & Senior Project Managers
• Design Managers
• Quantity Surveyors & Senior Quantity Surveyors
• Commercial Managers
• Planner/Programmers
• Construction Managers
• Pre-Construction Managers
• Site & Senior Site Managers
• Service Engineer/Managers
• BIM Specialists

Catalyst is already speaking to candidates in the UK every morning in preparation for the visit and the response so far has been great. We’re always keen to speak to new candidates so if your experience in commercial construction fits any of the roles above you need to get in touch with us straight away. Contact me via pponder@catalystrecruitment.co.nz and include a copy of your CV to know more.

Residential building consents rebound after two month slump

SCCZEN_A_140411NZHPEHOUSE4_620x310New Zealand building consents for residential housing, excluding apartments, rose to a six-and-a-half year high in March, snapping two months of decline.

Excluding apartments and units, which are typically volatile from month to month, seasonally adjusted consents rose 1.3 percent to 1,813 units in March, the most since November 2007, according to Statistics New Zealand. Including apartments, seasonally adjusted new dwelling consents rose 8.3 percent to 1,999.

Annual residential issuance rose 30 percent to 22,366 from a year earlier. Stripping out apartments, annual permits for new building rose 25 percent to 19,768.

“The building industry is well positioned for strong growth in quake-related activity in Canterbury this year, and to a lesser degree, a lift from depressed levels in the Auckland market,” Michael Gordon, senior economist at Westpac said in a note.

Issuance of new building permits has been on the rise as the Canterbury rebuild and a housing shortage in Auckland fuel demand for property. Increased construction activity is seen as one of the major drivers of accelerating economic growth this year.

Today’s figures showed new dwelling consents in Auckland rose to 561 in March from 393 a year earlier, while new Christchurch permits to 342 from 126.

The value of non-residential building consents rose 13 percent to $4.4 billion in the year ended March while the value for residential buildings gained 32 percent to $6.9 billion. The value of all building consents rose 23 percent to $13.1 billion.

Source:

  • NZ Herald
  • Photo: Paul Estcourt
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