Is NZ's Building Industry in Trouble? 2025 Outlook Revealed!

[@mrokesene]

You guessed it. The builder thinks it’s a great time to build 🤣

[@howzit5406]

Yes it's evident by claiming that a number of consents in 2024 is measurably positive against a number in 2017, not at all taking in account the significant drop/crash in numbers in the interim.

[@royboy3048]

Just put my plans through council tcdc $10500 for someone to look over them. $22000 sent before even starting building. Lived in a house that was over 100 years old one part was built on a log and still there now. Engineering and compliance has got way out of hand. Not saying build your house on logs but that house was built in 1921 and it fine . I'm 55 and been in trade since 15 and know plenty of builders my age and they all know how ridiculous compliance has got over the years. Sick of seeing people getting payed to much for doing f all.

[@argondemad8024]

Yep, council costs are out of control. They all need a tune up. Its almost as if there trying to thwart progress😢

[@stevelichtwark4259]

​@argondemad8024 own nothing be happy 😊

[@deanbartolo6199]

On top of council , consultant and architect rates, wait till you're hit with a CHMP (Cultural Heritage Management Plan) because the site you just paid an absurd amount of money for may have some sacred artefacts lying about. 20-40k just for a couple people to go out on site, dig a couple holes and wright up a report on what they found. And if they found something, kiss your development goodbye and the millions of dollars you've spent on obtaining the land thrown in the bin as your site is now deemed unbuildable. Or, heavily modify the plans to compromise (although your development to profit off, is now making a huge loss). *From someone who works in the building and design industry over the ditch.

[@williamhassall4453]

been building more than 50 years and couldnt agree more compliance has become ridiculous what used to be nailed is now bolted screwed glued nailed and engineered .if a tiny detail is missed in the consent application that will put you back another month.one example i had ,smoke alarms missed manhole size not given cost me a month why not make a minor amendment as you build

[@argondemad8024]

@williamhassall4453 they have become egotistical tyrants with a power addiction. They forgot they are public servants paid by the public.

[@taurusfilms.5658]

If your going to build high density please don't make them look like getto blocks of the future .

[@JackFrost-k7y]

Thank you!

[@WintonCurrie]

And how would you prevent that, given the costs!!

[@toxaq]

Too late. So many ghettos built already.

[@howzit5406]

​@@WintonCurrieyou can build them as horrible as possible, they just won't end up selling. Just because they sold when everyone was desperate to buy anything in a hot market doesn't mean people actually want them..they will become ghetos of little value

[@rayban5737]

Those horrible 3 story houses are horrible,poor family buys a Nice section only to find in a few years He's looking at a block wall,lost Sun They look terrible no driveways... council unitary plan the don't want us driving Aucklans geography isn't set-up for public transport and cycling.. now I'm sitting in traffic haven't moved a km in 30 mins watch this

[@howgoodisit]

No talk of profit and the ridiculous price of timber and building materials. Massive amount of raw logs been sent out and production at sawmills get halted to keep prices high!

[@bambootransistor2826]

Seems people will borrow to "invest" in old real estate but not invest in making building materials. I blame both the banks and people's distorted concept of value. Let's get back to Kiwis producing building materials and building houses! It's not rocket science!

[@grizzz6884]

@@bambootransistor2826 hit the nail on the head

[@paullane1950]

We are paying world prices. Blame the globalist.

[@mrslushydaminator4974]

Goverment deal on them logs.

[@martindowman6383]

Agreed by keeping production in New Zealand safe guards us from price increases due to external factors which we cannot control ie war. We all know price don’t come done again when the dust settles. And get rid of bloody James Hardie products they are going to cause massive problems when the regulations around silica change. Is the next asbestos it’s a ticking time bomb. A lot of new builds have 2 layers on them it’s ridiculous I wouldn’t touch those builds with 10 foot pole and I refuse to work with the crap I feel myself slowing doing when I was

[@Kanuka-Forest]

I just want to know who are all these new housing developments springing up everywhere are for? So many people are leaving NZ, at least kiwis are. There is an ever increasing migration of Indians here, but where is the actual industry to support all of this here? We already have more than enough taxi drivers, restaurants and shops. These things aren't really producing anything, only servicing. Inflation is far from under control mate, the ability to borrow more and create more debt is the last thing we need, people increasingly cannot pay tax bills and mortgages. How you think people are going to afford to maintain 800k mortgages for all of these new pink stick buildings being thrown up I don't know, your economics are way off, you don't seem to have a proper understanding of the monetary and financial system, it is shot!

[@simonmiddleton4487]

Debt based fiat ponzi system....inflation is cooked onto the cake....perpetual debt to keep the system from collapsing....till the amount of debt reaches the parameters of parabola phase then bad things start happening quicker than quickly then all at once

[@StuWNZ]

What's wrong with Indian people?

[@MaryEllenBlack-l5n]

We need more competition in this country with building material suppliers (amongst other things), to drive costs down. I know this is challenging with our isolated location, but a monopoly isn't fair.

[@grizzz6884]

we still have houses build by men who could not read still standing they were all built with no debt

[@mrslushydaminator4974]

National and labour have always done this

[@chrisheynen9865]

Great insight and outlook over not just the building industry but the factors around it. Thank you

[@Scott_Bradbury]

Consents are not a direct correlation to how many homes are actually being built though. It's probably one of the better indicators, but it's not the most accurate. Also, our currency has been devalued by 40% in the last 5 years, that will have a very strong and lasting effect on peoples wallets, and on future interest rates. Not to mention almost everyone is going broke, even if not in numerical values, in real values. You house might have gone up 30% in the last 5 years, but the value of our currency went down 40%, you still have less purchasing power. Something most people are starting to feel, but not understand.

[@robGilberd-vl4vi]

Yes indeed. People fail to understand basic economics. Sure the reserve bank can lower rates but the knock on effects equate to eventual raising of rates. To fund the Government deficit they need to sell that debt and the market dictates the rate and will not buy it when it is too low and there are better returns thus rates will rise probably by the end of this year.

[@sampreece]

​@@robGilberd-vl4vi Is our currency backed by fairy dust and are we proxy debt slaves?

[@konceptgaming9469]

The reason interest rates went down was because house prices are over priced and the banks were worried they were going to lose money and people would start walking away from their mortgages. Housing materials are far over priced and are only going to get worse. House price are already twice the price than what they should be paying compared to people's income the cost of living. There is far to much greed in the industry, real estate agents included

[@toxaq]

The Reserve Bank dropped the OCR to zero to try and "stimulate" economy. Robertson borrowed $60B from the RB via money printing so you had the double whammy of locked in inflation and then FOMO house price inflation. It was reckless financial management at absolute best

[@davidthomson692]

@@konceptgaming9469 how many carpenters do you know who can afford a house ?

[@konceptgaming9469]

@@davidthomson692 If we’re going down that path, it’s important to consider that carpenters with trade accounts can save up to 40% on materials. Despite these savings, many still charge clients the full retail price on top of their standard hourly rate. This isn’t unique to carpenters-there’s an element of profit-driven behavior across every sector of the building and housing industry. Additionally, government policies restrict the import of more affordable offshore materials, which could help reduce costs. A prime example is Gib, where Fletcher Building controls around 96% of the market, effectively creating a monopoly. Their strong influence, combined with government regulations, limits competition and keeps prices high. At the end of the day, everyone needs a roof over their head, and with limited choices, consumers are left bearing the brunt of these inflated costs.

[@jodyh3323]

No your argument is feeble and weak at best. The interest rates were reduced by the RBNZ as inflation had risen resulting in decreased spending and lower aggregate demand. To encourage spending and strengthen the economy the OCR is reduced which creates confidence in the market and therefore people are likely to increase spending. This creates demand for companies to expand and invest in new assets resulting in job creation and stability. The economic impact from inflation is part and parcel of cyclical changes due to macroeconomic events. Housing materials are priced according to the cost of importing products from overseas. Again these associated costs are impacted by supply and demand and other factors such as tariffs and the exchange rate.

[@Paulo-g2m]

​@@jodyh3323how is it that you are able to explain this in a way that makes you sound like your talking out your ass

[@philgwellington6036]

Yep. My dentist thinks it's a great time to go to the dentist lol. My house building project has been a disaster which started 6 years ago and is almost finished. The building industry is largely self regulating and self serving. Finding a good trusted skilled builder ...good luck

[@MikeWilsonnz]

Only if you’re an idiot :)

[@marse7092]

Would you advise most kiwis to avoid custom build? The more I investigate this, the more stressful and problematic it seems. 6 years is such a long time!

[@jeremysmith5232]

they are on you tube doing videos about how good the building industry is right now . . .

[@marse7092]

@@jeremysmith5232 happy to support the building industry and even pay a premium, but super worried about builders cutting corners, bait and switch after the deposit, self-servicing advice, hidden defects, hassles of dispute and lawsuits etc etc

[@jameslovering9158]

Property market is still in bubble land, unless this resolves NZ will struggle to offer the quality of life we should given our abundances. Normal greed develops is all associated industries and this becomes the norm.

[@bmci007]

It's been a hiding to nowhere for first home buyers in the last 3 years. If they're down 33% in some areas it means some people will already have negative equity on their homes. Most people view a home as a basic human necessity for shelter and warmth, not an investment because they can't afford more than one. NZs love affair with property investment only ensures young first home buyers are paying banks the absolute maximum by trading at obscene premiums. 6% interest on a million dollar mortgage is not sustainable for everyone...

[@c.cryder8398]

Cool. Good luck! I wasn't aware there was a crisis although I did notice there are a lot of houses for sale.

[@johndyer3743]

Builders need to get better prices on materials and you should be able to build as many houses as you for your personal use ,self build, I used to build in the uk I would build a house £250 and sell for £500 plus as a self builder In Nz the councils charge to much for consents and building control ,its high time that building control is scrapped and insurance backed inspections come in and they use building engineers Builders plumbers electricians don’t earn enough considering they are the backbone of this country not self important office workers

[@davidthomson692]

@@johndyer3743 100% right engineers today have no self confidence and use your cheque book to underwrite their insecurities

[@adamhaywood9127]

Good video my bro ❤

[@OwtoVit]

“Post Covid spending sent inflation rates crazy high” A fundamental lack of understanding of inflation here, the spending was a consequence of the govt and reserve bank printing “money”,. By inflating the money supply the scarce items became more expensive as “price” was bid up. And with fractional reserve banking in operation more debt in the creation of excess credit due to inflation of the money supply. A good example of the govt and reserve bank printing is doing the calcs for the value of a house in ounces of gold. In 2013 it was NZ$1700/oz, today it’s NZ$4900, you’ll likely find your property has devalued in real money terms, oz of gold, as our currency has been continuously debased by printing more.

[@bambootransistor2826]

Inflation is inherent in the fiat system. It makes borrowing appear 'cheaper' because the future pain of OCR hikes is not sufficiently factored in. Reserve ratios are too low. Internationally there seems to be a problem of laundered money coming into the system and potentially seeping in to bank reserves. Removing some anti money-laundering rules as NZ has done is problematic.

[@nzzenith]

Yep. Straight out theft. Elite love inflation as they don't pay tax and it widens the gap keeping everyone else below them.

[@Desmondo58]

What a load of bullshit

[@earlysda]

@@bambootransistor2826 bamboo, no, inflation is NOT inherent in a fiat system.

[@rossmacpherson986]

inflation doesnt result in a recession tho, that was thanks to nationals' austerity measures

[@88259106]

Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.

[@Soccerkeeper30]

As a beginner what do I need to do? How can I invest,on which platform? If you know any please share.

[@Strwar1]

There might be many investments out there but if profit must be considered,which is the actual sole of investment, I will advice you to go into bitcoin trading because it has higher profit than most investment.

[@deancart5]

Of course it is profitable,I made good profit of $20k with the capital of $4k in my last trading I have made over $200k

[@army75-u9o]

Wow that is an awesome return on your investment, please what strategy did use And how can I start up such investment.

[@Nicoll_eking]

The best strategy to use when trading bitcoins is to do it with a broker who understands the chart as his own farm and gets the maximum return.

[@graemeharlow9137]

6.00 The 30sqm dwelling without a consent rule only applies to BUILDING consents - it was an update to the Building Act. Local planning rules will still apply, inculding site coverage, permeable surfaces, sunlight planes, yard setbacks, earthworks, development contributions... etc (this is under the Resource Management Act). Some of the 30sqm dwellings may still require a resource consent, even if a building consent isn't needed. At the very least there is a good chance that there will several thousand dollars of development contributions required (potentially tens of thousands in Lower Hutt). It's a very important distinction to understand and is something that can catch out owners and really hurt them. ALWAYS get a design professional involved to check, even if building consent isn't required.

[@bradynixon8900]

Consent numbers are a red hearing. There is always a difference between what is consented and what is built. We have no sales. Wait and see what happens later this year. You can build and apply to build but if you can’t sell you don’t have squat.

[@jroche1832]

Yes, it’s reasonable to interpret that the speaker is talking up his "book" (i.e., promoting his own business and the building industry in general). As a builder, he has a vested interest in encouraging people to undertake building projects, as this directly benefits his business. His optimistic outlook on the industry-highlighting stabilizing building costs, declining interest rates, and rising house prices-could be seen as a way to instill confidence in potential clients and attract more work. Additionally, he emphasizes the importance of working with experienced builders (like himself) who have survived industry ups and downs, which further positions him as a reliable choice for anyone considering a building project. While his points are backed by data and trends, the overall tone is promotional, aiming to inspire action and reassure potential clients that now is a good time to build.

[@leecraig5985]

Nice AI reply

[@simon-ds1vp]

true, your right he should not be promoting the use of experienced builders should he, perhaps more of the dodgy investors from china who are supposedly great for our economy , even though they put nothing of any value into our economy , they import most of thier fittings fixtures and materials, they go bankrupt at the drop of a hat, they leverage councils with money, do basically what ever they want employing immigrant working visa hammer hands as builders who add to nz monetary issues by sending masses of nz dollars off shore (not saying all are) you know the ones , take a good look around Flatbush

[@SupportSBS]

yes the grift never stops

[@bens9422]

Good vid mate keep it up

[@nzbuilder]

Cheers for the support! are you subbed?

[@bens9422]

@nzbuilder yeah this video made me sub been watching for a while I'm a builder slash developer in waikato kiu

[@bartdeking]

post covid spending did NOT sent inflation high but the enormous amount of money that they printed to pay for all the nonsense such as wage subsidies did sent inflation high.

[@seza1713]

And did those corporates pay it back?

[@bartdeking]

@seza1713 well those wage subsidies went to the employees. But also corporates got money so that they would not complain and play the game of "pandamic". If they would not get fake printed money and neither did the people, they might have started their own brains and resist against the communist regime.

[@crankhandle]

Your data is incorrect, net migration is actually up with more new Zealanders leaving the country. More importantly the reserve bank only tries to set the interest rates but don't actually have control over them. As they lower the short end of the yeld curve the market (longer turm bonds) sell off and interest rates increase. They do this as the market prices in higher inflation from short rates going down. The longer end is where mortgage borrowing occurs and has been going up.

[@GoldiefromMahia]

What about the housing crisis and all the houses Jacinda was meant to build

[@yoletsbakeacake]

You mean the most houses built since the 70s?

[@koro287]

aaaarrrrhhhh !!! dont mention her name, you will ruin everyones day !

[@GoldiefromMahia]

@koro287 I knew those teeth would get in the way of building houses

[@seza1713]

National shat all over that.

[@pakirachan8523]

The asians have taken over bro .barely see any kiwis on the new builds in auckland .

[@pauljones3062]

Well ,developers made a killing on land sales, as apparent in Auckland, Tauranga notable with at the beginning of each residential development early sections started off at around 900m2 then as progress made slowly chopped lower to 700m2 then quickly as low as 250m2. Auckland’s Howick Flat Bush areas notorious in this area. Road age widths reduced to barely one way to facilitate bigger profits smaller sections & making a Killing. A killing yes , well if you can reduce a 1000m2 ( Selling for say $500k) chop into 4 sections of 250m2 at $450,000 why not & they get away with it. Clearly it’s the massive rake off on the Land which is killing house sales & Not the Actual House to be built costs.

[@micmalawi]

Houses in new zealand are twice the price of what they should be. The property market here is like a giant pyramid scheme where the banks, estate agents, investors, builders and building suppliers are all in on it.

[@orangelemon2394]

Developers have been taking the p*ss for too long. Are material prices up? Yes, but not near the amount developers charge to build a house. I am in the materials trade, I know the costs. A friend built a small house 4 years ago for $300k, 2 years later on a second plot he wanted an identical house built - $600k quoted. Local timber was up during COVID but came down, steel is up maybe 20% over the last 5 years. Tradies are being paid the same rates as 10 years ago! So where is all the extra cost? The developers have helped themselves to it. Existing house prices went through the roof, so they just matched the new build prices to those. Why sell a new-build for $800k when the existing house next door just went for a million? It's pure greed.

[@Woodlins]

It’s been in trouble for the last year, nothing new here. Successive governments have done nothing to fix the core issues.

[@davidcurl9062]

Josh. There is no such thing as Code of Compliance in the building regulations.

[@kennybmx]

I like that you mentioned America’s 2008 housing crisis being felt globally. People that had borrowed up to the value of their super inflated house prices lost them when the price dropped. “Irresponsible bank lending” made people sell their homes at lower prices and owing the difference. I think borrowing is capped at 80% of a houses value since the crisis to account for a drop but I’m talking no more house and still paying off hundreds of thousands to this day. It’s probably common knowledge nowadays anyway

[@frankjames6276]

easier when you have lever from house A to pay the "deposit" for house B. Paper money leveraging debt.

[@nzbrotrev9028]

Land (sections) values need addressing too , there way to over priced , $300k to $550k for a spot you can just fit a house on .

[@argondemad8024]

Great video🎉. Well said, all correct. Ive been in building trade for 35 years🎉

[@DavidBainGaming]

Would you recommend building a livable shed as a first house for a single bloke in his 20s? I've been toying with the idea of getting one of those shed that are a 2/3 bay workshop but have a big upstairs dwelling that is also a house, they seem far cheaper to build than a house due to the base structure being a shed and are practical for someone like me who has toys so the workshop is great.

[@edw9623]

Great for you and your lifestyle but if it's an investment that your going to sell off in a few years, it will limit your buyers and never get the same ROI that a traditional house would get, something to think about.

[@miloshihadroka018]

You're still looking $100k + for a versatile type shed house thing and then the cost of the land

[@AnneAlready]

Waikato sheds have some great examples of people doing similar.

[@simon-ds1vp]

yep if your a shed user

[@philgwellington6036]

Yes, it's what I should have done. My house build has been all torture and grief. Your thinking is low risk, low stress..good luck.

[@txeemo6946]

is it wrong to say removing tax deduction for home repairs ruined the building industry? I would assume a lot of money was no longer spent for that reason

[@bren2dan]

Sorry what is building consent ?

[@user-FUCKYOU18]

Building consent from local council & it alot of Red tape too .

[@maaduece5132]

It's the approval of the plans submitted to the city so you can start the build

[@simonstone3336]

Great work mate 👍 🇦🇺

[@jemma_19988]

construction was always a byproduct of a strong manufacturing sector, it should never be considered an industry in it's own right dependent on population growth

[@Mr_T.]

4:09 Doesn't this depend on who's buying the houses? Investors, corporations, people who already own houses? They could outbid everyone else, not sure that would solve the housing crisis.

[@turbosloth2]

Block/bricklayers are feeling it, just staying busy enough. Architect offices are busy I here

[@bambootransistor2826]

Thanks for a builder's view. Hope the floor area limit for granny flats is increased soon, also need less bureaucratic hassle retrofitting a kitchen or bathroom. Hard to say where government policy will lead beyond granny flats. Changes made already means less tax advantage for investors building new and this government doesn't want to build houses itself. They might improve land and section supply, we'll see.

[@aaroNiGHTS]

I'm way outside your coverage area. Am building with Jennian! Hope it goes well for me... Also have subscribed! Sorry it took a while!

[@simon-ds1vp]

spend the money and get your own build supervisor , saves heartache in the end

[@davorockchucka766]

Do it right the first time, and the future will take care of itself. Rewind, so where did we go wrong ?

[@Simon-Simon-Simon]

I don't take much to be caught out tho some, on the other hand, are making a $$$$ ton But it does not take much to get caught out As a SPEC BUILDER OR DEVELOPER

[@tonybekx2891]

Thanks for your "from the coalface" perspective Josh. Respect ✊

[@nzbuilder]

Cheers!

[@davidthomson692]

Ok so u buy a section, build a house on it at $3,500-$4000 a square meter and it’s worth what it cost you ! If you are lucky When in the last 40 years has that been the case. ?

[@brucekimpton4725]

My son is building just north of Adelaide $1450 a sq meter we are getting tucked here in NZ

[@davidthomson692]

@ by all nationals mates. Fletchers and the like The trouble is there is no money left for skilled tradesmen with materials at that price successive governments dumb down the trade (used to be 4500hrs ) apprenticeship let in lots of cheap philipino labour increase the liabilities for the man at the Bottom of the food chain LBP lay on more and more requirements ( a ton of metal connections ) then claim No gains in productivity in building

[@PropertyTurkeyCom]

Hi @davidthomson692! You raise an interesting point. With building costs in New Zealand at $3,500-$4,000 per square meter, it's surprising that the property values aren't keeping pace with the investment. Over the last few decades, such a scenario would be almost unheard of. Given the current market dynamics, this could be a great opportunity to explore other regions where your investment might stretch further. For instance, Turkey offers a range of property options with strong growth potential, and its strategic location between Europe and Asia makes it an attractive investment hub. With lower entry costs and a booming real estate market, it could be worth considering. Let me know if you'd like more information on opportunities in Turkey!

[@robertswain370]

There's a lot of people coming but there's more leaving did forget about that banks lending criteria is ridiculously hard to borrow inflation is rising like a the Tide coming in and it ain't going away any time soon

[@robGilberd-vl4vi]

Yes inflation is not what they will ever admit, they will always manipulate the data ensuring you boil slowly in that pot asking you to believe what your eyes clearly cannot see.

[@junit7590]

Slight correction, spending does not and cannot cause inflation unless it is borrowed from a bank, or supply is constricted nflation is caused by too much money chasing too few goods

[@lightforce3642]

Inflation comes from an increase in the money supply ,controlled by the reserve bank, it's basically a tax that depreciates your buying power. CPI is not a true reflection of the deprecation of the dollar. We are now at 0.56cent to the USD, same as many 3rd world countries.

[@yoletsbakeacake]

Only one part of inflation comes from velocity of money supply, the other comes from international factors such as increased cost of shipping and foreign monetary policy. CPI accounts for exchange rate because it is a measure of the cost of goods. If exchange rate is devaluing NZD then it is reflected in cost of goods.

[@alangioro]

You are the only one here understand the economy and how money works, it is just that simple but most people don’t understand. Tragedy.

[@kanewilliams1653]

The same as many third world countries, where do you get that from? Most countries don't even use a dollar, right?

[@johnallen8094]

Inflation is a way the government can steal your money, quantitative easing is when the government prints money and your buying power is eroded then when you have power companies and councils putting up their prices the corporates can justify putting up their prices to hide record profits Woolworths is a classic example in Oz it was 98 billion, banks are just as bad!

[@lightforce3642]

Yes, notice how most countries raise and lower interest rate in unison ,controlled by the Bank of International Settlements, the central bank of central banks, the New Zealand Reserve bank is on their list of central banks ,which can be found on their website.

[@fephenstuller]

Group name “Seasoned & Sparkling” Seasoned as in experienced/worn. Sparkling as in New & Shiny - a freshly completed build. It can mean many different things but largely the same. 😊

[@jeremysmith5232]

inflation comes in waves and is not done with us yet, why? Because government has not yet reigned in it's spending, GDP is not growing, consents and labour are still disasterously expensive, commodities and oil price(which has been offsetting inflation recently by dropping) are rising and less people in the workforce compared with retired, all this is inflationary. House prices are still dropping, and there are plenty of up months in every down cycle, bottom line is house prices ALWAYS correct to what the market can afford, and at present NZ is still at same multiples of income to house price as Japan in early 1982, before th big crash there of 60%, which took until 2015 to recover from to same prices. Like your optimism mate, just wish you had a better grip of facts . . . all the best anyways

[@jeremysmith5232]

what I said is not very clear to many, house prices crash when inflation runs rampant, and when house prices crash, no one wants to build either . . .

[@giovannip.1433]

Debt is the business killer- along with insolvency. How can building companies compete with imported materials and alternative construction techniques?

[@GebelNagara]

Concents don't necessarily correlate to new builds. It just means people have logged applications.

[@nzbuilder]

true - but there is still lots of building happening, they’ve got to be correlated somehow

[@stoveguy2133]

Too bad 6-8 renters could band together to invest in building a LLC to build an apartment and live there.

[@grizzz6884]

@ 6 23 the council still had the last say but nothing i have build has fallen down but no debt - profit for banks was not used has you will know a nimby writing red tape is our true inflation

[@miloshihadroka018]

I do pre nail in chch and works still relatively buisy ish everything depends on interest rates but will still take about 6 months to take effect

[@adamgrant4773]

Building prices in Auckland are rediculous. We need to cut the regulation in the construction sector and get back to a competitive market.

[@nzbuilder]

less regulation would be good

[@mikebarton]

Good piece.

[@nzbuilder]

Thanks for watching!

[@robGilberd-vl4vi]

@@nzbuilder Hey Josh, congratulations on navigating a particularly difficult period of history and taking the time to inform locals on your processes and the industry in general. Wishing you a great future, Regards JJs old boss

[@petergahlert3942]

Lifeless ugly units popping up everywhere. This is not what building means . Rabbit boxes

[@kurtsimpson9895]

All good for us builders, means plenty of work... but look at where we are going in terms of our quality of life... houses are getting smaller and more crammed and most have little to no land. All these regulations and red tape only make it more difficult for people to buy their first homes. 20 years ago it wasn't uncommon that people would buy their first homes in their 20's now it's more like their 30's if they are lucky. If the government was doing their job right things would become more affordable and people would have more time on their hands. Instead we bust our ars's all week to pay for a house we can't afford, and I consider myself one of the lucky ones. Sorry rant over 😅

[@gothkidd8712]

He's a Jim Chalmers look alike 😅

[@alexb665]

Debt to income ratios exclude new builds, as interest rates drop lots of people will only be able to buy new.

[@josephkarl2061]

Thanks for the real life reality check 👍 Oh, and I’ve been subscribed for about a year now, so I’m helping as much as I can 😎

[@nzbuilder]

Appreciate the support - glad you're enjoying the content!

[@rich3124]

What do you mean Squad? A squad for what? Is that your crew?

[@notyermonkey2134]

This Dude looks like Jesus with his Arm and Hand Gestures. I wonder if he knows how to the differentiate between Prophecy and Bullshit! // If you'd like some evidence of what happens with Prices in the NZ building arena, Got to Bunnings, Mitre 10 and the Mitre What-evers and check some of their prices (less 15% of course) Then pop along to the like of Trade Depot and compare the Hardware Prices item by item. // Blow your mind right? // So then how is that, not a RIP Off? // to be fare TD are relatively "New" in the Game. But I bet they aint slow learners/ just CUNNING when it comes to pricing is my Guess. Giv'em a few months more // I don't know how the Building Supply Industry in NZ is able to get away with its Jacked Pricing. // Competition? // But then it ain't only the cost of Sticks' n Stones in YOURS AND MY house you build. // The Fk'n Land Owners are Jet Boating up the Price River as well. LAND. Is it made of River bed Gold nuggets these Days? // Hey Jesus... where's ur Dad. He made the Earth didn't he? I believe it was FREE once.

[@ZachJPG]

How about the 22 Club for the 22% us that are subscribed and watch to the end. :)

[@sampreece]

I know quite a few builders and theyre all struggling to find regular work...

[@frankjames6276]

naw Just the economy in general, which always whittles down to the industry. I left it 30 years ago because of a massive dead end at the time.

[@frankjames6276]

house prices falling are irrelevant for the majority of people. Unless you are an investor. Thats tehir own risk, housing for hte country should be cheaper. The government is willing to thrash youth and the poor to ensure investors dont suffer.

[@AnneAlready]

My comments about adjoining properties (total 1200+ squ m flat land) with 2 homes possibly not worth preserving in the HValley, beach end, get deleted. Haha I tried though. :)

[@thetechnician832]

Bit promy mate. New homes are not worth the money you pay, considering the overpriced materials, cookie cutter designs, no energy rating, inferior materials of which some are harmful to the environment and occupants, while the industry creates huge amounts of waste.

[@StuWNZ]

What about commercial? Your not talking about the building insustry just about buidling houses. So inflation... ah yep thats what it means.

[@toxaq]

If a 57m2 townhouse is the dream, what's the nightmare they've escaped from?

[@nzbuilder]

perspective is everything, both for you and the person stoked to get into the property ladder

[@toxaq]

@@nzbuilder as a country with a surplus of land we should have much higher goals. May as well just build an apartment block if that's our measure of succes.

[@jamieryan7576]

I was a fan because you spoke of building now you’re cherry picking data to suit yourself. House prices have been crashing 3 years straight. Immigration down 70%. Unemployment way up. Interest deductibility returning to existing builds and US FED and international swap rates staying high. You’ve left all that out and now trying to be a spruiker, trying to push higher house prices. Wellington is down 30% from the peak, even way more in some areas. No sign of a turnaround so don’t put this rubbish out there

[@fb3824]

Stable till its not stable. Not stable until it is stable...

[@Twofiddymill]

I’ve been involved in the construction industry for 30 years. Only had one mortgage years ago. Chose to rent for the past 25 years and live in a cool motorhome. Home ownership is so over rated. Modern homes are rubbish,in my opinion, compared to homes built from the 1930s to 1970s. Houses are just not worth what yo pay. I tell people who are looking at buying a home….Have look at the home products that are delivered to your site and yet to be used. There will be pallets of gib, a small pallet of roofing iron, bricks or timber,some plumbing and other fittings. Then there’s bales of pink bats and all the various other products. It all fits onto a very small area of the lawn. Then it has to be assembled or…built. I look at it and say…..mmmmm it ain’t worth $500 to $800,000 dollars. You can justify it,argue about it or whatever…it’s just not worth it. There are many other alternatives. People are brainwashed into thinking they must having their own home. It’s ludicrous. Personal debt is out of control but everybody blames someone else. If you. can’t afford something or can do it by being stretched to breaking point every week…then you pay the price.

[@yoletsbakeacake]

Lmao, old houses are garbage. Who cares about how many grow rings in the timber framing when the house is damp and cold.

[@tylerdobdob23]

Not everyone wants live in a caravan

[@barron204]

Awesome news

[@Antares2358]

Townhouses are a disaster. How is this a positive story? Tomorrow's tenement slums. As for intensification that is another mistake. After the Jan 2023 floods the experts said that intensification prevented normal rainwater soakage so increased flooding. So in other words more green spaces are necessary with lower density housing. The developers know this but are only interested in turning a quick profit. They don't have to live with the consequences.

[@theimprovementsguy8871]

Nz is pathetic when it comes to consent prices. Its actually a mafia. Auckland council wanted over 25k for x2 retaining wall consents

[@alangioro]

Do you have data showing building consent per area? Are they equally spread out in NZ? What’s the percentage for Auckland? This is important. In Auckland a spike on contribution fee, all in one application price as well as Watercare zoning uncertainty are the biggest triggering factors for the rise of building consent. I feel like the industry shows no signs of recovery.

[@kiwigrunt330]

There is no such thing as a "code of compliance".

[@candsoshea3566]

Seems people want compliance. It's a big issue. The values are to high.

[@kiwigrunt330]

Compliance with the Building Code. Not with the Compliance Code.

[@hamishbuttner3263]

The quality of new builds are abysmal and have been for years!

[@dadpool21]

It's now cheaper to buy instead of build.

[@earlysda]

What happened to your arm? It looks like a terrible burn scar. Hope it's OK.

[@nzbuilder]

haha I’m halfway through a sleeve tattoo

[@KiwiSkipper]

Can you justify the hourly rate builders are charging?

[@miloshihadroka018]

Just look at the overheads builders have they ultimately make stuff all

[@kiwigrunt330]

Builders are charging nowhere near enough for the risks they take and the wear and tear on their bodies.

[@johnallen8094]

@@KiwiSkipper yes they have to be able to service their sports cars and boats!

[@brucerobertson5919]

Yes, people pay it. Thats the only justification needed. Its called the labor market. Everyone charges the most that someone is willing to pay, unless they are a fool.

[@WintonCurrie]

Plumbers, Sparkies charge more for less responsibility, go figure!!

[@joshgrey7961]

Smoko squad 💯

[@intravena]

We recently built the most houses ever in NZ, surpassing even the huge number of houses built in the 70s. New Zealand build twice as many houses as needed in Auckland and Wellington between Mar 18 and Mar 23. Building completions were still hitting all time highs in April 24. I don't think we've seen this fully priced in yet.

[@jack-xx8bi]

As a guy who started building in 1974 I find it incredible that it has taken 50 years to beat that year when the population was about half it is now. No nail guns pre nails excavators Hiab's Tool box meetings scaffolds smart phones and millions of texts and the vast array of tools now available just a efficient honest days work. Night school for a year with a three hour written exam for trade certificate not a few multichoice questions that can be checked for the right answer before submitting for a license. Productively is absolutely woeful from everybody in the industry from pages of plans specifications council inspections engineers carpenters supervisors etc.

[@brendonnz1964]

@@jack-xx8bi Agree.

[@Longtack55]

"Building more than ever before" if you remove the last ten years. Either a poor liar or cannot measure...

[@MikeWilsonnz]

Keep up the good work - I have been in the states for the past 4 weeks, forgot what it’s like being back in NZ with all the cheap seat haters in the comments. Being out in the market is incredible, and every time you put a video out you’re making a positive difference. Haters - get off the couch and make your own content or 🤫

[@smb7304]

This blokes tripping

[@NOWAR-q7s]

New Zealand builders are stuck in outdated building methods. New Zealand builders are not willing to see that they are part of the problem along with their suppliers of outdated materials, outdated designs and outdated work methods. The houses built with 4x2 pre-nailed frames are underperforming and overpriced due to too many labour hours required. Builders need to upskill to 21st century building techniques.

[@maaduece5132]

What now , should we be doing stick built on sites

[@NOWAR-q7s]

@@maaduece5132 Ready assembled walls to shorten site time. Turning those wobbly pre-nailed frames into structurally and thermally sound walls takes way too many on site labour hours. We used to assemble two storey timber houses weathertight in a few days while the builders in New Zealand muck around for weeks on the frames and rafters/trusses leaving the whole structure exposed to the weather. To answer your question you need to look beyond New Zealand building which is 30 years behind

[@maaduece5132]

@NOWAR-q7s well if you seen the quality that some of the truss and frame company produce with low skilled labour I'm not sure how you think making whole panels the quality is going to be any better

[@NOWAR-q7s]

@@maaduece5132 Well if they can do it in Europe we can do it here. If there is a will in the industry there is a way. First of all the mainstream building industry needs to accept that something is seriously wrong and stop the denial.

[@maaduece5132]

@NOWAR-q7s wrong about what this ain't Germany , you have engineering for earthquakes to consider and the majority of building isn't on flat or easy access sites

[@Kawaii-Chino]

i genuinely thought this was nas daily

[@kosipelitalia1811]

❤

[@geoffwalker6739]

Thanks Josh for your update. Small point: "dropped" not "droped" 😉

[@brushandshovel6512]

Stop being a Jeoff!

[@ruslingmcgehan7137]

Yeah right Tuis ad

[@timmeey6902]

Apparently we need more houses. We also need more people to do the jobs, and we need more houses for people. I'm doing my part by not selling to a developer.

[@nuwan86]

Weird take but okay..

[@maxtugger1859]

NZ is just in the crap across the board tbh.

[@Smitty55888]

Anyone who thinks it's a good time to build needs their head read.

[@MikeWilsonnz]

Hello Mr positive…

[@philgwellington6036]

​@@MikeWilsonnz But is he right..being fair.. he may have a point.. what do you say? It's a great time to build?

[@toxaq]

Exactly. Our local rental market has crashed due to the oversupply.

[@Steve_Steve888]

Several months ago the IRD reported that around 40,000 builders and construction companies were either behind or late with their tax payments.... I would be very weary with who you pay to build anything certainly never put up too much up front or on progress.

[@MikeWilsonnz]

@@philgwellington6036 of course - is it a good time to go to the bathroom? If you have the money, build. Things are only going to increase in price. Inflation is a continuous phenomenon.

[@jimboniface7202]

Don't worry. Luxon employed Chinese to build prefab housing

[@martiruda]

Fineprint. What you build with the money today is about a 2/3rd of the size you would b4 covid. Salaries up 15% max, vs 40% increase of cost of goods. This is not going back to normal. It's abnormal, communities have been split because of this. tradies moved across the ditch. We have to be honest. the commitment with the bank for a home loan increased from owning debt from 20 to 30 years. and to top it off this gov wants to lick boot to multinationals privatizing health. going worse than ever before.

[@ZingZingNZ]

That's why I got back on the market after leaving from a divorce 15 years ago. 1k a week for a 1000m2 section with a sold old 1950s home we re rooved and rewired.

[@nicholaspullen6608]

Everythings in trouble

[@tbird-z1r]

Yep. I particularly in NZ due to immense wasteful spending and zero productivity over the COVID time. Jacinda destroyed us before she bgr'd off overseas.

[@MikeWilsonnz]

Only in your head :)