Environmental, social, and governance (ESG) factors are increasingly influencing the commercial property market in New Zealand. ESG considerations include aspects like energy efficiency, water conservation, waste management, tenant satisfaction, and governance practices. Investors, buyers, and tenants are progressively prioritising properties that reflect their values and sustainability goals. This shift in
The 14th of February 2023 will go down in local history as one of the worst natural disasters to hit our region as Hawke’s Bay endured the fury of Cyclone Gabrielle. The unprecedented level of devastation and loss faced by the community in the aftermath has been immense. The primary
When Damon told me that this issue of The Profit was going to feature 150 years of Hastings City and look at some of our longest established business, I thought it appropriate to dig into the Harvey family history, as there has been a long association with the Harvey family
There is nothing like a natural disaster such as Cyclone Gabrielle to once again have the spotlight shone firmly on ensuring your property is adequately insured in the event of loss and damage. The way Kiwi homes were insured largely changed following the devastation of the Canterbury earthquakes with a
Williams’ Harvey undertakes a retail shop occupancy survey of the Hastings City CBD twice a year in April and September. Undertaking the most recent survey it was apparent that much of what the Hastings District Council (HDC) set out to achieve under the ‘Hastings City Centre Vibrancy Plan’ is coming
In November last year the NZ residential property market was running hot, as it was locally, evidenced from ever increasing values, the peak of which appeared to be in the latter part of last year. One could only wonder how long the upward trend could be sustained especially as there
Recently there has been significant coverage given to the rapid escalation of costs within the New Zealand (NZ) construction sector. It’s no surprise then that this has seen a sharp increase in the cost to build/ rebuild in a comparatively short time frame. However, even if your policy includes an
You would need to be living under a rock in New Zealand if you did not realise the property market is running hot. Against all the predictions and crystal ball gazing buying, selling and developing property went into overdrive as soon as we got out of lockdown last year. Initially,
The post lockdown activity levels and value growth throughout 2020 was a surprise to all, especially as it was contrary to what most experts and economists predicted. The performance of the residential market during the last quarter of 2020 was simply staggering. Hawke’s Bays’ residential housing values grew 19% during
The last time I wrote an article for The Profit was about a month after we had got back into the office after ‘Alert Level 3’. As I wrote at the time “So ….. where to from here? If I had a dollar for each time I was asked what
