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." 

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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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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

The head of France’s Louvre museum has resigned after a months-long string of scandals, including the brazen daylight theft of priceless jewels.

Laurence des Cars submitted her resignation letter to President Emmanuel Macron, after facing months of pressure since the October robbery of US$100 million ($167.5m) of French crown jewels. 

UK correspondent Gavin Grey says some believe this resignation was a long time coming, as confidence in the Louvre has plummeted.

LISTEN ABOVE

The head of France’s Louvre museum has resigned after a months-long string of scandals, including the brazen daylight theft of priceless jewels.
Laurence des Cars submitted her resignation letter to President Emmanuel Macron, after facing months of pressure since the October robbery of US$100 million ($167.5m) of French crown jewels.&nbsp;
UK correspondent Gavin Grey says some believe this resignation was a long time coming, as confidence in the Louvre has plummeted.
LISTEN ABOVE

Gavin Grey: UK correspondent on Louvre director Laurence des Cars resigning after 2025 jewel heist

On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 25 February, 2026, we talk to Transport Minister Chris Bishop about plans to let E-scooters use cycle lanes and allow children under-12 to ride their bikes on the footpath.

Why the Reserve Bank wants banks to set up more ATMs and branches.

Real Estate agent Rawdon Christie tells us why so many newly built townhouses aren't selling.

And on The Huddle, Thomas Scrimgeour and Jack Tame assess Donald Trump's record one hour 47-minute State of the Union speech.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

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On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 25 February, 2026, <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/chris-bishop-transport-minister-on-the-government-proposing-to-make-it-legal-to-ride-e-scooters-in-cycle-lanes/">we talk to Transport Minister Chris Bishop about plans to let E-scooters use cycle lanes and allow children under-12 to ride their bikes on the footpath.</a>
Why the Reserve Bank <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/ian-woolford-reserve-bank-money-and-cash-director-on-the-rbnz-urging-banks-to-provide-cash-services-to-customers/">wants banks to set up more ATMs and branches.</a>
Real Estate agent <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/rawdon-christie-real-estate-agent-on-the-rise-in-townhouses-taking-too-long-to-sell/">Rawdon Christie tells us why so many newly built townhouses aren't selling.</a>
And on The Huddle, <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/the-huddle-does-australia-really-need-more-mps/">Thomas Scrimgeour and Jack Tame assess Donald Trump's record one hour 47-minute State of the Union speech.</a>
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.
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Full Show Podcast: 25 February 2026 

New Zealand won't be going cashless anytime soon under the Reserve Bank's new proposal. 

It wants to set up 1300 multi-bank hubs to provide full services free of charge.

The plan ensures those in urban areas can walk to get cash - and the drive for those living rurally is reasonable. 

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

LISTEN ABOVE

New Zealand won't be going cashless anytime soon under the Reserve Bank's new proposal.&nbsp;
It wants to set up 1300 multi-bank hubs to provide full services free of charge.
The plan ensures those in urban areas can walk to get cash - and the drive for those living rurally is reasonable.&nbsp;
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
LISTEN ABOVE

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

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