Could the home of the future be the size of a carpark? The government is talking about scrapping minimum apartment size rules, and one Making Cents listener wants to know if that's a housing fix or a housing trap.
Vanessa Williams from http://realestate.co.nz has fresh data to help us figure this out.
We get into whether micro apartments could actually ease the housing shortage, what banks will and won't lend on when it comes to small apartments, and who this would most likely impact, from first home buyers, to investors, or students.
Plus: how New Zealand's apartment market compares to the rest of the world, and whether our obsession with the quarter-acre dream is starting to shift.
In this episode:
Could scrapping minimum apartment sizes help first home buyers?
What do banks actually lend on when it comes to small apartments?
Are micro apartments a smart investment or a future problem?
How New Zealand's property culture compares globally
Who stands to gain, and who should be cautious
If you have a letter you’d like us to answer, send it through to
[email protected] and you might feature on our next episode!
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Production and video editing by Lana Byrne
Audio engineering by Tash Chittock
Filmed by Fanaticals
Ireland