Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Kiwi Developers Produce Record Breaking Year

In a year most people want to forget, townhouse developer Williams Corporation produced their best year yet, recording $314,188,000 worth of property sales in 12 months.

2020 Results

 20192020% Change
Homes Settled*15427478%
Unconditional Sales**253577128%
Total Sales Value $314m  

*Homes built and handed over to purchaser in 2020

** 2020 Unconditional sales will be built for delivery in 2021. This figure does not include settled homes.

New Zealand townhouse development company Williams Corporation has finished 2020 on a high after completing 12 exceptional months of sales.

In a year disrupted by Covid-19 lockdowns, Williams Corporation still managed to hand over the keys to 274 homes, including 230 in Christchurch and 44 in Auckland.

Matthew Horncastle, Managing Director of Williams Corporation said “2020 was a tough year, with a number of disruptions, but we have always been focused on innovating our build schedules to ensure we are consistently finishing our developments on time. We completed 274 homes which is a great result, but next year is going to be even bigger as our delivery schedule is now consistently less than 12 months.”

Williams Corporation is an infill developer, meaning they locate existing old run-down homes in good locations and replace them with brand new homes for an affordable price point that is appealing to the first home buyer market, along with investors.

Blair Chappell, Managing Director of Williams Corporation said “We are really proud of what we are achieving for New Zealand home ownership. We are seeing extraordinary growth in property prices at the moment, so our goal to build affordable, centrally located homes in Auckland, Wellington and Christchurch is really resonating with Kiwis. To be able to purchase a brand new home in Auckland for $545,000 right now is really attractive when most homes are going for close to $1million.

2021 is shaping up to be a big year for the company, after the sales team sold 577 homes in 12 months. Blair said they will be aiming to construct and hand over the keys to the majority of those homes to their owners in 2021. “That is the most exciting part about our job, seeing people’s faces when they get the keys to their home. One of our recent Christchurch customers had dreamed about it since school, and not even his parents had been able to own their own home, so to be able to help Kiwis achieve their dreams is really satisfying for our team”.

Matthew is also really proud of the people in his team. “We now employ a team of approx. 50 people, along with contracting a huge network of builders and tradespeople who deliver our homes in Auckland, Wellington & Christchurch. These contractors are also now really prospering as part of our success, so to be able to support hundreds of families throughout New Zealand in such a tough year means a lot, and just motivates us to keep pushing forward!”

© Scoop Media

Business Headlines | Sci-Tech Headlines


TradeMe: Property Prices In Every Region Hit New High For The Very First Time

Property prices experienced their hottest month on record in December, with record highs in every region, according to the latest Trade Me Property Price Index.\ Trade Me Property spokesperson Logan Mudge said the property market ended the year with ... More>>

Motor Industry Association: 2020 New Vehicle Registrations Suffer From Covid-19

Chief Executive David Crawford says that like some other sectors of the New Zealand economy, the new vehicle sector suffered from a case of Covid-19. Confirmed figures for December 2020 show registrations of 8,383 were 25% ... More>>

CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>


University of Auckland: Pest-Free Goal Won’t Be Achieved Without New And Better Tools

New Zealand’s goal to become predator free by 2050 will remain an unrealised dream unless new technologies and advances in social engagement continue to be developed, researchers who first promoted it say. A team from the University of Auckland has ... More>>

OECD: Area Employment Rate Rose By 1.9 Percentage Points In The Third Quarter Of 2020

OECD area employment rate rose by 1.9 percentage points in the third quarter of 2020, but remained 2.5 percentage points below its pre-pandemic level The OECD area [1] employment rate – the share of the working-age population with jobs – rose ... More>>

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>