Palmerston North stories
Queenstown looks most exposed, with tourism reliance and Airbnb saturation making its property market vulnerable to a COVID-19 downturn.
Palmerston North’s relative affordability is drawing buyers as median values jump 13.7% to NZD $415,000, far below Auckland.
Affordability is pushing first home buyers to dominate purchases in several New Zealand suburbs, with some taking more than 60% of sales.
The new hub is expected to ease congestion, cut emissions and free up the city’s ageing freight yard for housing and business development.
Regional hotel buyers are chasing stronger returns as domestic and international visitors push tourism demand beyond New Zealand’s big cities.
Investor confidence has recovered to September 2017 levels, even as online retail growth and flexible offices reshape New Zealand property demand.
Palmerston North’s wastewater upgrade review is set to gain experienced oversight, with Dr David Warburton appointed to chair the steering group.
Strong log demand lifted KiwiRail’s forestry revenue 8% in six months, with converted wagons carrying more exports off roads and cutting emissions.
Public feedback opens on four cheaper routes after the Manawatū Gorge closure left the region without a safe state highway link.
Councils and businesses are widening smoke-free zones across New Zealand, as researchers say current laws are lagging behind overseas standards.
CEDA hopes the site will give Palmerston North and Manawatu businesses easy access to business support, advice and resources.
Investors can buy into four North Island warehouses leased back to Provida, with the scheme targeting a projected 8 per cent annual return.
Farmers could cut water use and improve river quality as sensors and automation help meet New Zealand's swimmable-water target.
The win highlights growing recognition for complex infrastructure, with the Auckland project praised as New Zealand’s most difficult yet to deliver.
Native bird numbers and water quality have improved in Palmerston North after a 16-year community planting effort won national recognition.
Advertisers can now reach 1.6 million New Zealanders a fortnight as oOh! expands its shopping centre network to 50 sites.
More investment in roads, pipes and transport is needed or Auckland’s networks will struggle to cope with 34,500 new homes.
A red-zone recovery plan for quake-hit Waimakariri has won New Zealand’s top planning prize after balancing housing, heritage and infrastructure needs.
Restoring the earthquake-hit Main North Line should speed up freight links between Christchurch and Picton as work continues from both ends.
Fonterra Cooperative Group shareholders used their annual meeting in Palmerston North to raise concerns over the reduced 2015 milk payout, the dair.