Quote Originally Posted by winner69 View Post
Nice chart

Looks like a bit of a downtrend since a year ago?

And showing charts with only half a cycle is dangerous ....can lead to wrong conclusions
fair enough - here is a 10 year window (i.e. including GFC):

NZ building permits (10yrs).JPG

Question is - are we at the top of the building cycle, at the top of the unaffordable property cycle or just on the way upwards?

I think that our building industry was focussing (profit driven) on building too many of the dear (and high margin) houses. We probably move towards an oversupply of these which explains the stuttering of the property market. Hopefully, though we don't decide to leave the people sleeping currently in cars, garages and overcrwoded houses in the cold - and start to build more affordable accommodation (i.e. high rises / apartment buildings).

These are cheaper (per unit) but need windows as well.