The Auckland apartment market is so dire that a developer is renting instead of selling all the units in one new block.

Ockham Residential CEO William Deihl said all the new 10-level 77-unit Whetū in Pt Chevalier would be rented, not sold - sparking discussion about whether apartments have value in the current market.

Mt Hobson Group urban planning expert Hamish Firth says apartments can still suit Kiwi buyers - at a certain age and stage.

"Perhaps older people or downsizers, perhaps students coming through or perhaps young families with lesser amounts of kids. So I think that it's really good that we've got that variety of housing forms."

LISTEN ABOVE

The Auckland apartment market is so dire that a developer is renting instead of selling all the units in one new block.
Ockham Residential CEO William Deihl said all the new 10-level 77-unit Whetū in Pt Chevalier would be rented, not sold - sparking discussion about whether apartments have value in the current market.
Mt Hobson Group urban planning expert Hamish Firth says apartments can still suit Kiwi buyers - at a certain age and stage.
"Perhaps older people or downsizers, perhaps students coming through or perhaps young families with lesser amounts of kids. So I think that it's really good that we've got that variety of housing forms."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Hamish Firth: Mt Hobson Group urban planning expert on the decline in Auckland apartment sales

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bd7b92eb-22ec-4e96-92e2-b35e01791eb4/transcript