Building Approvals Are Still Falling
When the new dwelling sector slows( and slows even more) through less demand, there are less options on the market available to sellers.
This is because a lot of the buyers that would usually buy a new home are upgrading from a current dwelling. It is an eternal cycle dependent on owners
upgrading and the stock being "recycled". With less buyers the demand for new property decreases and the builders have to either drop their prices or hold onto the land for longer and wait for the demand to increase. this is all a double whammy with interest rates usually increasing at this time also. The real opportunity is for owners looking to upgrade. They can achieve this easier than in a boom time by not having to spend as much to upgrade. Wheres Your Opportunity??
This is because a lot of the buyers that would usually buy a new home are upgrading from a current dwelling. It is an eternal cycle dependent on owners
upgrading and the stock being "recycled". With less buyers the demand for new property decreases and the builders have to either drop their prices or hold onto the land for longer and wait for the demand to increase. this is all a double whammy with interest rates usually increasing at this time also. The real opportunity is for owners looking to upgrade. They can achieve this easier than in a boom time by not having to spend as much to upgrade. Wheres Your Opportunity??
Investment Mortgages 