Quote Originally Posted by tipsy View Post
Such ugly looking buildings, lease is renewed every 3yrs, people struggling to give them away.
Yup - I know of an overseas buyer who bought a 2 bedroom for $600,000 off the plans and sold it a few years later for $240,000.

Now you can buy the same freaking apartment for less than $200k because the body corporate cost has gone from zero to over $15k p.a!

Point is that NZ government has had a completely hands off approach towards housing and it's been a screw up of monumental proportion.

New government can do better and there are companies which will benefit from government intervention.