Glut of small apartments going to kill the price of houses totally?

[McDuck]

Everywhere I look there are piles and piles of half finished or unsold apartment blocks.

They may not be the quarter acre dream... but shelter is shelter.

At the end of the day, a roof over your head is all people need.

That's got to kill the prices.
...

[primal]

Hi,

Is it better to go for apartment or townhouse. Asking because everywhere you see these nowadays.
What are some of the things to consider when investing in these kind of property.

[donna]

Yesterday, the news was properties sold over $2M in AKL was up. Today, it's grab a bargain with these distressed properties for sale from City Sales.

A couple of the descriptions start with....









Some of the units are a...

[SwissKiwi]

These are some seriously fancy digs - they must have had significant pre-sales to get off the ground.
Pacifica is well underway, International almost finished, Seascape is a massive hole in the ground.

https://thepacifica.co.nz/

https://www.seascapeauckland.co.nz/...

[JulieM]

Has anyone had experience converting ownership structure from company share to unit title or know of any conversions that have been made?

[BlueSky]

Apartments are going up everywhere.. what are the returns really like ?

I read somewhere DOn HA flying his clients to Queenstown for Ramada Apartments sellout. leased for 30 years

https://www.facebook.com/don.ha.56

Looking at returns 6.6% gross

Marketing

...

[chook]

LIFE Apartments which is an 18 level tower currently under construction by CMP construction on Liverpool street in the CBD. Philanthropist Ted Manson is the property developer who has plans to build up to 500 Social rentals in and around Auckland. These rentals will be leased to social housing provider...

[Viking]

A property investor with five rental apartments in Auckland, who did not want to be named, said he too preferred "flexible arrangements" with his tenants.

His tenants are mainly international students or temporary migrants on work visas who enter flexible agreements which...

[Chris W]

Starting a thread to list the buildings affected here.


13 buildings in Auckland have been identified.
103 identified so far in Wellington.

Apartment buyers warned of 13 Auckland towers with cladding cores like Grenfell


Source: https://www...

[Cass]

Hi all, I'm looking at selling my 3 bed investment property in Hamilton and my 3 bed investment property in Carterton to buy a 1 bed apartment in Queenstown. What are people's thoughts on apartments verses houses?
Many thanks

[chook]

Had Allen Realty managing my apartments in Auckland City for years, they did a good job. They sold up to Point Property Management who I am finding to be extremely amateur to say the least. Getting tired of mentoring them on the basics of how to manage a property.
Any suggestions for a good...

[PTWhatAGreatForum]

Up to 5000 apartment buyers could be left tens of thousands of dollars in debt after borrowing deposits for unbuilt units they cannot get the remaining funds for.
Martin Dunn, of estate agency City Sales, said Australian banks had "pulled the plug" on the New Zealand apartment...

[wildcat_lgf]

Well, I've had a search but couldn't find what I was looking for - so here goes:

We're looking at building a multi-unit development in Hamilton near the Hospital (between Hospital and town - so the "good" side). Land is zoned "residential high" so can take 6 units....

[kmor110]

Interested if anyone here knows details of this development. Seems appealing on the outside but there are a lot of bold claims that raise a lot of questions for me i.e. who is building it? what will the 'mall' contain? is double GZ guaranteed? how much is the average 3 bedroom worth? I'm sure there...

[michellea2]

Hi,
I have a 20% deposit available for a $350K 3 bedroom house in Auckland. Some kiwisaver and NZhousing first home subsidy included so need to live in for 6 months min.
I thought I could afford this but even with flatmates I doubt it with the extra costs to be added for transport to and...