Values still falling but first home buyers still buying
The NZ Property Market Podcast
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The Downward Strength of the Housing Market in May
We're definitely into that downward strength that took a while to sort of kick in, but it's definitely here now. From a developer's end, a buyer's perspective, you know, the factors have moved against there. House price of the down makes it harder for a developer to get these things to stack up. Interest rates are higher effects. Both sides of the equation is going to cost you more as a borrower,. A developer is financing this out of debt to get these projects done. It's going to be costing more as well. The concern is where we ultimately get to in terms of consents and workloads. That's probably the main thing is actually how many houses get built
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