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Are the surging building consent numbers hiding a deeper economic reality? In Episode 9 of New Zealand Property Insights, Paul and Debbie Roberts unpack three major shifts in the New Zealand financial landscape.

In this episode, Paul and Debbie cover:
Surging Consents vs. Economic Reality: Stats NZ data reveals 37,534 new homes were consented in the year to February, representing a 12% year-on-year increase. Auckland remains the growth engine, with multi-unit dwellings like townhouses making up over half of all new homes consented. However, Paul and Debbie explain why rising construction and excavation costs are making project feasibilities highly sensitive, and why buyers must use sunset clauses and fixed pricing.

The KiwiSaver Shift: On April 1st, the default KiwiSaver contribution rate increased from 3% to 3.5%. An ASB survey found that 51% of people planned to increase their contributions to match this new rate. While this is a minor weekly adjustment—around $7 extra for someone earning $70,000—it has a massive compounding effect over time. We discuss why younger investors stand to benefit the most, despite having the lowest awareness of the changes.

The Balanced Property Market: A new CBRE valuers report shows the housing market is currently stable and balanced. First-home buyers are the most active demographic, but they are heavily favoring move-in ready homes. This creates a massive opportunity for savvy investors to purchase unrenovated "do-ups" with less competition and manufacture their own equity in a flat market.Whether you are looking to build a new townhouse, check your KiwiSaver settings, or find hidden property deals, this episode provides the factual insights you need.Resource

Links:
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Disclaimer: The information provided in this video is for educational purposes only and does not constitute personalized financial advice. We recommend seeking advice from a qualified professional before making any investment decisions.

*Property Advice Group Limited trading as Property Apprentice has been granted a FULL Licence with the Financial Markets Authority of New Zealand. (FSP Number: FSP157564) Debbie Roberts | Financial Adviser (FSP221305) For our Public disclosure statement please go to our website or you may request a copy free of charge.