I haven't been quite as ingrained in the development industry here as I had been in TO, and the scale of development is way way smaller, especially now because NZ is in yet another bad recession manufactured by its own sh*tty conservative government.
We've definitely had our own share of problems. Most of the developers are Chinese, and often we'll have developers/construction companies starting work and then "going under", just to be replaced by another in a weird shell game. Our current future-tallest building topped out in 2024
but has just been sitting in limbo unfinished for 2 years while they try and find a company who can actually last to the end. We also have a couple
insanely valuable surface parking lots in the CBD, one of which is planned to be a Ritz Carlton and maybe the new tallest in Auckland/NZ once they're done slap fighting with the neighbouring Sky Tower.
From my understanding Wellington (aside from having no money from all the government layoffs), is more concerned with making sure the existing buildings don't get flattened by earthquakes, and demolishing a lot of ones that have been found to be structurally unsound, something Christchurch unfortunately learned the hard way. Probably should have thought of that before building a city directly on a major fault line.