Key points of interest from this month’s survey
- The net buying intentions of existing investors remain weak despite easing worries about interest rates and removal of unfavourable tax rule changes.
- Investors’ concerns about prices falling have grown while worries remain highly elevated about council rates, insurance premiums, and maintenance costs.
- For the investors who are thinking about buying, there continues to be declining interest in either buying a new property or undertaking a development oneself. Implications for building firms seem
reasonably clear.