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

News, opinion, analysis, lifestyle and entertainment – we’ve got your Sunday morning listening covered with The Sunday Session with Francesca Rudkin on Newstalk ZB.

The Sunday Session with Francesca Rudkin

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/53f394ed-0a17-4737-b99c-b35e01791db2/transcript