Auckland's not-so-great housing correction
Summary
Host Sharon Brett Kelly explores the shifting New Zealand property market through the experiences of sellers and buyers. A couple in their sixties discusses selling micro-apartments at a loss to reduce debt, while another family shares their struggles relisting a home in a depressed market. Expert Owen Vaughan explains the divergence between North and South Island prices, and first-time buyers describe the challenges of finding affordable homes in Auckland.
Topics discussed
Introduction: Selling in a depressed Auckland market
Kerry and Rhys: Buying micro-apartments in 2018
Why selling now? Exposure and debt reduction
Lessons learned: Cash flow vs capital loss
Struggles selling the Tairua family home
Richard's second attempt: CV adjustments and timing
Market outlook: Waiting for election vs acting now
Owen Vaughan: North vs South Island market split
First-home buyers and the townhouse myth
Queenstown's anomalous price growth
Nathan Brown: A 28-year-old engineer's search
Nathan's budget, wishlist, and market reality
Brianna and Tom: First home with $850k budget
Adjusting expectations and KiwiSaver restrictions
The hidden costs and work of house hunting
Credits and sign-off
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