Falling property stocks | Tony Alexander - Property News AU/NZ | propertynoise.co.nz & propertynoise.com.au

PHOTO: Tony Alexander. FILE

The number of consents being issued for new dwellings to be built is trending down, though the pace of decline has slowed slightly recently. It is extremely unclear how long it will take for the real estate turnover recovery to translate into higher demand for new-builds. Two years?
Business sentiment has become less negative recently, but new weakness in commodity export prices may dent this improvement.
I look at changes in the ratio of sales to property listings in Auckland because such changes give strong insight into where prices are headed and at what pace.
A number of factors relevant to how strongly our economy grows in the next 1-2 years have deteriorated recently. I discuss some of them including China and the fiscal situation.
From my monthly survey of real estate agents I reprint the comments they have penned over a sentence or two on conditions at their coalfaces for all regions south of Waikato.
In the Local House Price Momentum section I examine trends in prices and construction from Wanganui down to Kapiti Coast including Rangitikei, Manawatu, Palmerston North, and Tararua.