A real estate agent says there isn't enough demand to meet the supply of townhouses.

Newly constructed townhouses are sitting on the market so long that they no longer qualify as 'new builds'. 

It means first-home buyers can't get low-deposit loans on the property. 

Real Estate Agent Rawdon Christie says developers are shifting close to what the market wants. 

"So rather than putting 15 in there, let's put 8 standalone two-story houses, which are still three-bedrooms." 

LISTEN ABOVE

A real estate agent says there isn't enough demand to meet the supply of townhouses.
Newly constructed townhouses are sitting on the market so long that they no longer qualify as 'new builds'.&nbsp;
It means first-home buyers can't get low-deposit loans on the property.&nbsp;
Real Estate Agent Rawdon Christie says developers are shifting close to what the market wants.&nbsp;
"So rather than putting 15 in there, let's put 8 standalone two-story houses, which are still three-bedrooms."&nbsp;
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.

Best of Business

Rawdon Christie: real estate agent on the rise in townhouses taking too long to sell

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/83d52a45-beb3-4fc1-b078-b3fc005a1643/transcript