Andrew Kelleher: JMI Wealth Director says building consents are unlikely to trend upwards anytime soon

Building consents are unlikely to see a return to last year's spike. Stats NZ says consents fell 11 percent in the year to May. JMI Wealth Director Andrew Kelleher says stand alone home consents have been falling for a while, but now we're seeing consents for multi-unit builds decreasing as well. He told Tim Dower that's unlikely to change anytime soon. Kelleher says consents could fall even further because of headwinds like increased costs and higher interest rates. LISTEN ABOVESee omnystudio.com/listener for privacy information.