How will the $NZD vs $AUD work with revaluations to the villages in ozzie for Rymans?
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There will changes in energy. This gov6t will not be as friendly to the gentailers as the last.
Agree its a joke. If they think they can build houses cheaply in Auckland Labour are delusional thinking they can do something highly experienced property developers cannot. Maybe they plan to use Russian 3D printer technology and build new slums, ahem, opps sorry, houses that way ? https://readwrite.com/2017/10/09/api...nal-expansion/
Go over to Singapore and observe how a properly structured government entity (HDB) can utilise economies of scale, fast track planning and building consent process to build affordable quality homes for 75% of its population!
Tradesmen like to have long term contracts with customers who can pay and pay on time - I know because two of my contacts are scale home builders & their tradesmen have been with them for decades.
Kiwibank and Cullen Fund simply will not succeed if you believe the National Party, remember?
Highly experienced property developers are perfectly capable of building slums on their own.
Yup - just come to Auckland's Stonefields suburb built by Fletcher Residential and stand in awe of the rectangular block apartments (no architectural merit whatsoever) selling for over $750k for a 2 bedroom.
Compare that with a place like Singapore which has to import everything (except land) and a 5 room ultra modern apartment with all the modern conveniences is built and sold to its citizens for less than $500k.
Not to mention half the apartment buildings in the CBD. Although I suppose the Council is at least partly to blame for letting it happen.
Agreed - complete and utter disgrace that the apartments were built and allowed to be built.
Go over to Scene 1, 2 and 3 apartment blocks on Quay St in Auckland observe the leasehold apartments deteriorating into slums month by month as owners/landlords get hit by ever increasing corporate management fees and leasehold ground rent. Initial buyers lost over 50% of their monies so far.