Once again building consents have fallen back from hopeful to hopeless.
This has come about despite the Christchurch disaster where you would be forgiven in thinking that consents would rise.
The future is blindingly obvious.
A housing crisis is building up as the shortage becomes worse.
As a consequence rents must rise and so will costs as the inevitable catch up occurs.
The time has never been better for astute investors to get into the market and “stock up” provided of course this is done with due diligence and care.
As always, get independent advice from qualified experts before embarking on any investments strategies. In particular don’t believe that
the boom days are back. Stay cautious and prudent at all times. – OMN
House building slides in September
Home building slumped back in September, down a “disappointing” 17 per cent on the previous month economists said, with 1246 houses and apartments gaining consent.
However, the drop-off in September followed two months of better figures after the home building sector hit rock bottom earlier this year.
While September figures were down sharply, the trend has been improving since April, Statistics NZ said.
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