Auckland Residential Development Report 2H2018

Auckland Residential Development Report 2H2018

Many fundamentals aligned to accelerate New Zealand’s residential sector into its epic period of price growth. These included bustling economic conditions, a population explosion, a reversal of historic underinvestment in infrastructure and development activity, quantitative easing and globally low interest rates, high levels of employment and job security, and easy access to credit. 

In December 2018, some of these drivers remain in place, but not to the same extent. The recent boom period is not the ‘new norm’, but equally, we are not faced with a market crash. The raft of legislative changes and market constraints introduced to increase financial stability are enabling market conditions to temper. Importantly, for the sector’s long-term prosperity, we are entering an adjustment phase that will bring plenty of positive opportunities, just not so readily as in the past few years.

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