Originally Posted by
Blue Skies
Let people judge for themselves.
Record 12,000 additional homes completed, April, May, June Quarter.
161,000 homes completed in 5 years since Labour came to office, compared to just 157,000 homes in 9 year period under National who also opened the flood gates to immigration & overseas speculators.
Landlords with multiple properties quitting the rental market & selling to home owners.
House prices falling,
Rents falling.
Absurdly tight rental market in cities like Wellington now in surplus with dropping rents.
Record numbers of building consents
Driving around parts of Auckland today & seeing the huge number of new housing developments almost completed & being built, was left wondering who's going to fill all these new houses.
Seriously looks like we could be turning from a critical shortage, to a surplus.
Serious correction underway which Imo is long overdue.
But not going to please everybody.