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INSANE TRUTH About NZ Property Market / Ep 338

NZ Everyday Investor

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The Importance of Deposits on Developers

The developer is as important as the property because if they can't deliver the product, then you're wasting your time. So we are seeing some really good deals because developers have to get the pre-sales. I know a lot of big developers have not bought land in the last 12 months. Natural forces will cause a restriction in supply like what you just described which will probably assist with that underpinning of the floor of the price movements downward.

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