Mars Realty are back on track for 2020.
Mars the best energy and the most powerful planet in the Universe.
Our Latest Listings
30 WaIhou Crescent, Albany
5 Bed, 3 Bath, 2 Car
66A Wayside Road, Te Kauwhata
4 Bed, 2 Bath, 2 Car
237 Lonely Track Road, Albany
4015 sqm land area (approx.)
43 Kawerau Avenue, Devonport
3 Bed, 1 Car
37,000 new building consents for residential buildings were issued last year, the highest it’s been since 1974. Where were they happening?
Growth in new residential builds in Auckland has outstripped the rest of the country, with nearly half of all new residential building consents being issued in the Auckland area.
In the south, areas around Papakura saw a large number of new builds, with 334 new consents in Takanini South alone. While in the north, Hobsonville dominated with 656 new consents. In both areas, the new builds were a mix of houses, townhouses and other units
BUT THIS IS NOT TO BE IGNORED!…
When the blue line dips below zero, a recession usually follows. But was the recent dip big enough?
Google trends data also shows something interesting: a big surge in people searching for information about recessions. This indicator may be less technical than the yield curve, and it has less history to draw on, but it certainly peaked before the GFC, so its accuracy should not be sneezed at.
Closer to home, the biggest indicator of a possible recession may be the Reserve Bank in Australia is talking about quantitative easing. Their forecasts remain mostly positive, but quantitative easing is a tool for desperate times, and if it’s on the table for use in 2020, we have to ask why.
Interest rates are already at record lows and seemingly having little effect. If a recession does come in 2020, it’s frightening to contemplate how little reserve banks might be able to do to reverse it.