The latest release from the Department of Building and Housing shows that average rents are rising. Recent media reports suggested that stocks of available rental accommodation was at a low ebb throughout the country except for Wellington. This rise in rents in the last couple of months maybe be a sign that Wellington also is [...]
The fundamentals for a homebuilding upswing in 2010 are still in place, says the Department of Building and Housing’s Building and Construction Outlook for the June quarter 2010. The report said the industry is cautious about the outlook for the residential sector and the non-residential sector continues to show signs of decline, but also points [...]
