Everything you want to know about AI (Artificial Intelligence) - but were afraid to ask
July 15, 2023
Aye to AI?
This article is concerned with Artificial Intelligence (AI): an explanation as to what it is, what it is not, what equipment you need to run it, the pitfalls and dangers involved, and some of the problems unlikely to go away no matter how advanced it becomes. Of greatest rel...
Reconciliation of valuation methodologies
June 28, 2023
Property valuation reconciliation in Australia and New Zealand
The matter of procedures relating to reconciliation of valuation methodologies has long received a modicum of debate and discussion amongst the profession and its stakeholders. Primary references here are the Australian & New Zealand valuation and Property Standards and ...
Foreign Land Ownership
June 28, 2023
Foreign land ownership in New Zealand
Successive governments in New Zealand regularly announce that the sale of rural farming land should come under increased scrutiny when the buyer is from overseas. Land ownership / overseas investment rules for non-KiwisCurrently the rules governing this are provided under th...
Understanding Valuation Governance in New Zealand
June 2, 2023
Comparison of differences between valuation governance systems in Australia and New Zealand
Valuation governance may seem like a dry topic - but the reality is far more intriguing. The profession of valuation is not just important in the context of maintaining public confidence in the property sector. More broadly it is a vital link in the economy, especially that ...
Capital values of dairy farms and the rural land market
September 1, 2019
What are dairy farm capital values most sensitive to?
Research conducted in relation to the impact of farm commodity prices on farm land values shows time and again they often have only a limited, or even no effect. So, what might be the reasons for this?Rural land values - a long term view adopted by stakeholders?First of all,...
Mitigating risks caused by natural hazards
August 29, 2018
Natural hazard disclosure and property values in New Zealand
In many countries, it has been overwhelmingly demonstrated that natural hazards disclosure has an impact on the real estate market. These impacts are of course influenced by a complex interaction of related social, economic, political and physical factors. Even so, it ...
Housing affordability - holding cost impacts
June 7, 2018
An overview of the holding cost effect on housing affordability
The importance housing affordability can be readily gauged considering the unprecedented level of attention rightly given to this issue over recent years. One way or another, it is an issue affecting all New Zealanders. However, one matter that is seldom canvassed in this co...
Reducing pollution through on-farm regulations
January 31, 2018
Farm Values and Nutrient Regulation
Following the rollout of the National Policy Statement for Freshwater Management freshwater, regulation rollout in Aotearoa-New Zealand came into full effect in 2017. New rules introducing a framework for management of freshwater resources are being progressively introduced ...
Kotahitanga and biculturalism
November 24, 2014
Kotahitanga and biculturalism, and the relevance of Te Tiriti o Waitangi in Aotearoa New Zealand
I am hopeful that the following distillation - opinion piece - might provide a useful background to an unsurprisingly puzzling, somewhat paradoxical situation occurring in Aotearoa-New Zealand. For many people in this country (and perhaps many outside!) there is considerable...
TAGS
computer jargonmoral judgementsocioeconomic impactOpenAIAI experimentslanguage modelautonomous systemsarficial general intelligence (AGI)General AIAI engineneuromorphic chipsfield-programmable gate arrays (FPGAs)Tensor Processing UnitsdatasetsThought leadershipdata qualitydeep learning trajectoryAI trainingdeep learningsafetyChatGPTtechnologyArtificial intelligenceAIindigenous peopleMāoriKāwanatangaAotearoaPākehāTangata TiritiTangata whenuaTe Tiriti o Waitangisovereigntykotahitangatino rangatiratangaPINZNZIVValuer-Generals Office NZwater rightswateropportunity costdairyproperty valuefarmrural landdairy farmcapitalisation raterisk mitigationriskreal estate marketproperty marketdisclosureinsuranceFault Avoidance ZoneFAZnatural hazardsfinancial stabilityAustralian Valuers Institute (AVI)Australian Institute of Valuers & Land EconomistsAustralian Property Institute (API)Valuer-GeneralValuers Act 1948Valuers Registration BoardNew Zealand Institute of Valuers (NZIV)Property Institute of New Zealand (PINZ)investment rulescapital gainsTreaty of Waitangiforeign investmentoverseas investmentland ownershipnitrate leacingvaluation standardsvaluation approachesvaluation methodologyreconciliationvaluationfarm managementregulationfam valuesnitrogennutrient regulationpollutionholding costshousing affordabilityhousing