The first 6,000 sections within Auckland’s special housing areas policy, which aims to address the city’s chronic housing shortage, have been announced by Housing Minister Nick Smith and Mayor Len Brown. There are 10 zones across Auckland designated as special housing areas (SHA) in addition to a community housing project in Weymouth for 282 homes. The biggest tranche of sections …

Goodman Property Trust, the country’s biggest listed property investor by market value, is planning two developments at Christchurch’s Glassworks Industry Park for a combined cost of some $20.7 million. The developments are a pre-committed warehouse and distribution facility for logistics operator DHL and a multi-unit development with tyre maker Bridgestone NZ as an anchor tenant, the property trust’s manager, Goodman …

New Zealand property values rose at an 8.4 percent annual pace last month ahead of the introduction of low-equity home lending restrictions, with the increases driven by a shortage of houses in Auckland and Christchurch, according to state valuer Quotable Value. Auckland property values rose at a 13.6 percent annual pace while Christchurch values are 10.8 percent above last year, …