Minister hails boom, report forecasts earlier dip

Building & Housing Minister Nick Smith hailed an unprecedented construction boom over the next 3 years, forecast in a report out yesterday. What the report also shows is that the boom is now forecast to surpass the expectations of 11 months ago only this year, the 2016 peak should be lower and it should start to peter out more quickly.

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Propbd on Q Th30Oct14 – 3 units sell at Ray White, mayor’s rates proposal, fires bylaw deferred, Bank holds rate, Fed ends treasuries programme, auction details from Bayleys, City Sales and Barfoot & Thompson

3 apartments sell & 2 under negotiation at Ray White – Mayor releases rates proposal – Council defers air quality bylaw decision – Reserve Bank holds cashrate – Fed holds to zero, decides to end treasuries programme – 3 apartments sell at Bayleys, nightclub floor passed in – 3 cbd apartments sell, fringe units passed in, one sold post-auction – One apartment sells under hammer at Barfoots

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3 apartments sell at Bayleys, nightclub floor passed in

3 apartments sold under the hammer at Bayleys yesterday, 4 were passed in and one commercial property up for auction, the nightclub floor in a downtown building, attracted no interest in the auctionroom but did have conditional buyers in the wings.

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