Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Home Building Market Continues To Slow

Home Building Market Continues To Slow

The home building and renovations market has continued to slow. Statistics NZ reports that New Zealand home-building approvals fell 42 percent in May from April, adding to signs that the property market is slowing as credit costs increase and consumer confidence slumps., a website that links homeowners with tradespeople reports that this is helping them match supply with demand. “We initially found it difficult to source trades people for work homeowners were posting on the site, but have seen that over the couple of months, tradepeople are chasing the work more enthusiastically. This is helping us improve customer service, as jobs get completed more quickly” said Keith Roberts, co-founder of Builderscrack.

“If people have put off renovations during the boom because they found it hard to get a good builder, now is a good time to get the work done. Posting the job on a site like puts the customer in the driving seat in selecting tradespeople”.

Tradespeople are realising they need to be more proactive to maintain the same level of work they have seen over recent years, which is good for the consumer.


© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>