Housing on gentle decline
Wednesday 30 June 2004
The potboiler residential building sector is slowing but is a long way off reaching a simmer.
By The Landlord
Building consent data out yesterday suggests the housing sector plateaued between November and January and since then has been in a gradual decline.But the numbers are still the highest in 29 years.
Statistics New Zealand said last month's construction data confirmed the downward trend in the number of new dwelling units.
The trend first showed up in January, although if apartment units were excluded, the numbers had been declining since November.
But the annual figures remained high.
Consents were issued for 2544 new units last month, or 2238 units excluding apartments.
Read More - Opens in a new window
Commenting is closed
House Prices
No stopping Capital price rises
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.
Commercial
NZ proptech start-up scores major investor
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
Mortgages
LVR limits slow down investors
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.
