Strong net migration gains counter Reserve Bank LVR measures.
"A recent study revealed that construction costs have been increasing drastically rendering large-scale building activities commercially nonviable (up 50% since 2012) due to shrinking margins.
This may be the reason behind the gradual drop in building consents around the country and I do not see this problem going away any time soon."
Spencer family's Man O'War Station retains outstanding natural landscape classification despite protests from the Rich Listers.
"But wait there's more. What about a final appeal to the Supreme court? The Spencers have plenty of money to fund this so any implied suggestion this might be a final resolution may be jumping the gun."