1 00:00:00,000 --> 00:00:02,440 Speaker 1: As Donald Trump would say, here we go insight into 2 00:00:02,440 --> 00:00:05,960 Speaker 1: our building sector, we find optimism, we find better times ahead. 3 00:00:06,040 --> 00:00:08,760 Speaker 1: Sixty four percent have stronger order books. That's up from 4 00:00:08,760 --> 00:00:11,120 Speaker 1: just fifty one percent last year. So that's a material gain. 5 00:00:11,640 --> 00:00:16,000 Speaker 1: And Kisharma is the Master Builder CEO and is with us. 6 00:00:16,040 --> 00:00:16,560 Speaker 1: Morning to you. 7 00:00:17,600 --> 00:00:18,239 Speaker 2: Good morning, mak. 8 00:00:18,320 --> 00:00:20,759 Speaker 1: So what do you got fingers crossed and you're hoping 9 00:00:21,000 --> 00:00:23,079 Speaker 1: or you're feeling pretty solid about this? 10 00:00:24,000 --> 00:00:26,000 Speaker 2: Oh, we are feeling pretty solid about that. So what 11 00:00:26,079 --> 00:00:29,360 Speaker 2: we are seeing is regents are leading the way. So 12 00:00:30,000 --> 00:00:34,080 Speaker 2: strong export prices are boosting incomes and confidence. So Billers 13 00:00:34,080 --> 00:00:37,199 Speaker 2: and those regents are doing well. Urban centers like Oakland 14 00:00:37,240 --> 00:00:40,400 Speaker 2: and Wellington are still facing some headwinds. But as you said, 15 00:00:40,479 --> 00:00:44,640 Speaker 2: you know, sixty four percent of Billers now reporting strong pipelines. 16 00:00:44,720 --> 00:00:48,480 Speaker 2: So we think we are transitioning from our survival more 17 00:00:48,720 --> 00:00:52,479 Speaker 2: into a place I hope of sustainable recovery. 18 00:00:52,600 --> 00:00:55,160 Speaker 1: Good stuff. The council issues that are raised in the report, 19 00:00:55,280 --> 00:00:57,600 Speaker 1: are you know, consenting and all that sort of stuff. 20 00:00:57,960 --> 00:01:00,720 Speaker 1: Will those things you think be fixed the new laws 21 00:01:00,760 --> 00:01:02,920 Speaker 1: as issued by the government, I. 22 00:01:02,920 --> 00:01:05,959 Speaker 2: Believe so, So I think the systemic change the government 23 00:01:06,000 --> 00:01:08,680 Speaker 2: has done instead of trying to do patch meal, you know, 24 00:01:08,760 --> 00:01:10,560 Speaker 2: looking at one thing or the other. They've kind of 25 00:01:10,560 --> 00:01:13,319 Speaker 2: looked at the whole system and interconnection of some of 26 00:01:13,360 --> 00:01:16,320 Speaker 2: these issues, so you know, you can do busier consolidation, 27 00:01:16,480 --> 00:01:18,120 Speaker 2: but if you don't take the risk away from the 28 00:01:18,160 --> 00:01:21,120 Speaker 2: councils who are ultimately trying to protect the right payers 29 00:01:21,600 --> 00:01:24,959 Speaker 2: and move to a proportional liability system. They're also encouraging 30 00:01:25,000 --> 00:01:28,000 Speaker 2: councils by putting tighter time fiance on their turn around 31 00:01:28,000 --> 00:01:31,040 Speaker 2: times for consents, to start using more technologies like remote 32 00:01:31,040 --> 00:01:34,840 Speaker 2: inspections and digital records. So I'm very confident with all 33 00:01:34,880 --> 00:01:38,399 Speaker 2: these changes, with time, we'll start seeing improvements around contenting. 34 00:01:38,600 --> 00:01:41,200 Speaker 1: What sort of these numbers, What sort of buildings are 35 00:01:41,200 --> 00:01:43,479 Speaker 1: we talking about. We're talking developments or we're talking one off, 36 00:01:43,520 --> 00:01:45,560 Speaker 1: so we're talking single homes or apartments or just the 37 00:01:45,600 --> 00:01:46,040 Speaker 1: whole lot. 38 00:01:47,040 --> 00:01:49,280 Speaker 2: That's a good question. So where we are seeing the 39 00:01:49,320 --> 00:01:52,000 Speaker 2: biggest improvement are the high end buildings, So I think 40 00:01:52,000 --> 00:01:55,000 Speaker 2: that's as confidence is coming in. People who've got money 41 00:01:55,040 --> 00:01:57,720 Speaker 2: are definitely entering into the market, so those are definitely 42 00:01:57,720 --> 00:02:00,880 Speaker 2: picking up. Renovations are definitely picked up. We've seen that 43 00:02:01,520 --> 00:02:04,160 Speaker 2: developments are still a little bit challenged to get the 44 00:02:04,200 --> 00:02:06,040 Speaker 2: development across the line. You know, you need to get 45 00:02:06,160 --> 00:02:09,440 Speaker 2: funding from the banks, and banks have been still cautious. 46 00:02:10,440 --> 00:02:12,400 Speaker 2: So I have a feeling the high end of the 47 00:02:12,440 --> 00:02:15,800 Speaker 2: market is moving, the renovation is moving, and over the 48 00:02:15,800 --> 00:02:17,760 Speaker 2: next six to twelve months will probably start seeing the 49 00:02:17,840 --> 00:02:19,200 Speaker 2: developments will start moving. 50 00:02:19,000 --> 00:02:21,840 Speaker 1: To fantastic well I hope it works for you. An Kachama, 51 00:02:21,880 --> 00:02:23,919 Speaker 1: who's the master bill a CEO, were brought to I 52 00:02:23,960 --> 00:02:27,760 Speaker 1: saw an apartment in Wellington listed this week and it 53 00:02:27,840 --> 00:02:30,400 Speaker 1: was it was a new apartment and it was at 54 00:02:30,400 --> 00:02:32,520 Speaker 1: a price I'd never seen before in Wellington. It was 55 00:02:32,520 --> 00:02:35,239 Speaker 1: in excess of five million dollars and it wasn't a 56 00:02:35,240 --> 00:02:37,120 Speaker 1: big apartment. It was one hundred and eighty square meetings, 57 00:02:37,120 --> 00:02:39,320 Speaker 1: so I did the square It was thirty thousand dollars 58 00:02:39,360 --> 00:02:42,880 Speaker 1: a square meter. So when you're paying thirty thousand dollars 59 00:02:42,880 --> 00:02:45,160 Speaker 1: a square metia, you're into the millions before you know it. 60 00:02:45,520 --> 00:02:48,440 Speaker 1: For more from the Mic Asking Breakfast, listen live to 61 00:02:48,560 --> 00:02:51,600 Speaker 1: news talks. It'd be from six am weekdays, or follow 62 00:02:51,680 --> 00:02:53,239 Speaker 1: the podcast on iHeartRadio.