Nice picture mate
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Sales volumes dropped, not going to help Summerset sell units.
That Julian guy needs to take a leaf out of Luxon’s book and not mention bad things ....he never should have muttered things like a ‘flat property market’ and ‘increased settlement times’ .....big mistake
Just excuses and not owning up to the real issue which was slack performance by his people ....a good tradesman never blames his tools and all that
A couple of demerit points at Julians annual review time I hope.
I think there is a clear trend with slowing volume of sales. Summerset even lauded to longer settlement times.
"In Auckland, the number of properties sold in March fell by -18.2% year-on-year (from 2,451 to 2,006) – the lowest for the month of March since 2008." Need to keep our eye on Auckland as thats where it starts.