A surplus of newly built townhouses in Auckland and Christchurch is causing market saturation, reducing new-build eligibility, displacing low-deposit buyers, and creating pricing pressure, while developer Matthew Horncastle's controversial social media posts raise questions about
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There's an overhang of apartments. I got a notice the other day from a department of investor uh bulletin and said there's 900 excess apartments right now, so the apartment market's bottomed out, townhouses bottomed out, so this is a great time to buy, and it's and people are buying low, and if they're buying low, well then the rent's low.
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excess supply indicates market bottoming out
Matt Ball: Property Investors Federation advocacy manager on whether New Zealand renters are better offSpotted something wrong on this page? Report a correction.
