Building sector short of staff
Monday 26 January 2004
A big 'staff wanted' sign on the back of a contractor's truck graphically illustrates a skill shortage in the building trade in Wellington.
By The LandlordRob Askew, owner of Porirua construction firm N & R Askew, said there was a big shortage of builders – and it was going to get worse.
His firm has a two-year contract to reposition property boundaries along a stretch of State Highway 1 through Plimmerton as part of a road-widening project.
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There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.