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Home consents fall, building activity softens

Home consent numbers previously released by the Statistics New Zealand, point to some softening in building activity over the coming months, according to Westpac economists.

Consent issuance in Auckland has fallen 8% over the past three months, despite a pullback in the volatile multiples consent category, according to a report from interest.co.nz

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New property listings remain subdued

The number of new property listings fell 17.5% across the country, year-on-year – with only 8729 new listings registered during August, latest data from realestate.co.nz showed.

Only the West Coast and Hawke’s Bay had more listings than last year, according to a Fairfax article.

The regions of the North Island registered the most dramatic falls in new listings compared to the same period last year, with Auckland down 22.7%, Waikato 23.2%, Northland 24% and Coromandel 37.6%.

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