While many economists expect the housing market is starting to cool, property investment consultant Kieran Trass completely disagrees.
He is particularly critical of newspaper headlines which talk about the "collapse" of the Auckland apartment market because building consents slowed sharply in February. One or two month’s figures don’t constitute a trend and the reaso
Sunday, April 13th 2003, 2:32PM
by The Landlord
n consents are dropping probably has much more to do with the fact that we’re heading into winter, Trass says.
"All the fundamentals are still looking very sound. We’re getting a constant increase in demand which is only just being met by the level of supply. I fail to see how the market can go down when we’re literally only just building enough houses to meet supply," he says.
