Property Approvals Provide Less Opportunity

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 entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s