Housing stocks have fallen to all-time lows in five regions across the country
Housing stocks have fallen to all-time lows in five regions across the country
2 June 2021
They are in Northland, West Coast, Canterbury, Coromandel and Central North Island.
Realestate.co.nz data suggests stock has steadily been decreasing over the last decade.
Spokesperson Vanessa Williams says this is despite a 5.2 percent year-on-year increase in new listings.
She says the Government and banks are putting out a lot of incentives to increase new builds, but we won't see the fruits of that labour for sometime.
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