conrad's current apartment building costs are around $13k/m2 for lower floors, $15k/m2 for higher
so a 50m2 2 bed with 5m2 deck would cost about $715,000
that's about the cheapest 2bed council will let you build in auckland
bespoke blocks by smaller developers likely to be bigger + more expensive
so there's certainly a place for $400,000 2 beds to be rented to students + central city workers
'cause there won't be any more built at that price
which means no more that can be rented out for <$400pw per room
so a 50m2 2 bed with 5m2 deck would cost about $715,000
that's about the cheapest 2bed council will let you build in auckland
bespoke blocks by smaller developers likely to be bigger + more expensive
so there's certainly a place for $400,000 2 beds to be rented to students + central city workers
'cause there won't be any more built at that price
which means no more that can be rented out for <$400pw per room
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