Despite a national need for builders, some Christchurch building companies are so desperate for work they are cutting margins to the point they are not making any money, they say.
A short stroll through Christchurch and it’s clear that new life is being breathed into the city on every block. Greenspaces are in abundance, while thousands of new and exotic trees have been planted across the CBD, restoring its green image while also rebuilding the city’s heart.
JLL has released their Q2 2018 Vertical Vacancy Review looking at prime office vacancy on a building by building, floor by floor basis across the Auckland, Wellington and Christchurch markets. The report covers over 70 of the best office buildings in New Zealand's main centres.
A Christchurch project featuring two adjoining houses, each just 74 square metres, has taken out the top prize in the ADNZ Awards.
The authors of the 100-day blueprint for the central Christchurch rebuild say it is still a good plan.
"The consensus by the consortium is that we ended up with a pretty good framework," said Peter Marshall, managing director of Christchurch architecture firm Warren and Mahoney and a key player on the blueprint team.
Apartment developer Gary Groves works in a sector picked to be New Zealand's top performer in the year ahead, forecast to grow by 9.2 per cent. The multi-unit apartment and townhouse construction industry is forecast to grow to $1.42b in the 2017/18 financial year, up from $1.3 billion.
Auckland Transport cannot say what proportion of workers required to build the City Rail Link will have to be migrants.
Up to 1600 people will be needed to build the railway when construction peaks, the Government has estimated. But the construction industry is already struggling to find enough workers to keep up with existing demands.
Opportunity exists for a third big construction company to rival Fletcher Building and Hawkins, according to players in the industry.
Construction, seen as a lagger when it comes to innovation, needs to work to find what will be the Uber of its industry otherwise it could face some pain in the next few years.
The value of New Zealand residential building work rose by a slower pace in the December quarter, hampered by capacity constraints, with skilled construction workers in high demand.