Hawke's Bay Property Investors' Association
The rising supply of sections and apartments on the market relative to total stock of houses is one sign of unease. With both exposed to high interest rates (low yield or high carry cost), likely diminished appetites to lend, credit dislocation in certain pockets, and land-banking - which has the potential to unwind quickly - we expect prices for both apartments and sections to come under continued downward pressure. This is particularly so for sections and land. Read more by clicking through to the February 15 ANZ Property Focus.