Developer sees signs of caution in red-hot housing market.

An Auckland developer says while the housing market is red hot he has noted a drop off in demand for buying apartments off the plan. Monthly figures released by the Real Estate Insitutute of New Zealand this week show record median house prices for September across the country. But David McConnell - the general manager of McConnell Property - notes there is still caution around investment in the medium-term, possibly because of uncertainty around Covid-19's future impact on the economy. David McConnell speaks to Susie Ferguson