Small property projects and medium density housing (MDH) are on the market now, together with Kiwi Build. Building material has a wider range for the different choices for projects and MDH.
Surely, an increase in policy restrictions are contributing to driving property prices price down? Including the investors banking restrictions of funding supply. Most of finance industries and business industries are contributing to resolutions, however small businesses are not confident and will continue to play safe with projects.
Before the market drop starts the bigger players will have to carry on where ever they are and work on releasing the sales, while the overseas buyers’ policies already in place and industry training of AML. A disturbing and changing time all over in the market.
Response from the residential market; less open home visitors and certain high-end properties are facing less enquiries. The limited homes for oversea buyers has not reflected yet in the market, should report signs in another couple of weeks, hopefully will not drive down market activity further w incomplete policies in the market has impacted the vendors and buyer’s decision making.
Instead less expensive options for travel, make living and lifestyle overseas more affordable than New Zealand, which reflects a large impact and awareness for the future market. Less open home passengers and less cars contribute to less activity, symptoms of the market are not very positive. Although certain figures and statistics under $1m in the market, are still different for public messages – only limited price value and advise not to quote for all current market activity. Suggestion – Review house hunting plan.