Latest / Early Edition with Ryan Bridge
Ryan Bridge: Why aren't people buying apartments?
I was driving through a street just out of Auckland’s CBD yesterday and saw all these apartments for sale.
New buildings. Many looked empty. Loads of 'for sale' signs.
Why don't people want to buy them? Is it the price?
Some older 70s brick and tile types close the city are apparently selling in the $400 thousands. Newer ones seem to run more, depending on location. Wellington has a few steals at the moment.
But again, not many interested buyers.
Is it the economy? Is it the annoying body corporate fees? Is it the leaky building memories? The fact you can’t swing a cat in most of the living…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.