Latest / Making Cents / Are Shoebox Apartments About To Take Over NZ?

Transcript

Are Shoebox Apartments About To Take Over NZ? · Making Cents

• 0:00
  Could
• 0:00
  the
• 0:00
  home
• 0:00
  of
• 0:01
  the
• 0:01
  future
• 0:01
  be
• 0:01
  the
• 0:02
  size
• 0:02
  of
• 0:02
  a
• 0:02
  car
• 0:02
  park?
• 0:03
  Until
• 0:03
  now,
• 0:04
  the
• 0:04
  classic
• 0:04
  New
• 0:05
  Zealand
• 0:05
  home
• 0:05
  is
• 0:05
  the
• 0:05
  three
• 0:06
  bedroom
• 0:06
  standalone
• 0:07
  little
• 0:07
  garden
• 0:08
  out
• 0:08
  the
• 0:08
  back.
• 0:08
  But
• 0:09
  we
• 0:09
  all
• 0:09
  know
• 0:10
  housing
• 0:10
  costs
• 0:10
  have
• 0:10
  gone
• 0:11
  through
• 0:11
  the
• 0:12
  roof.
• 0:12
  One
• 0:13
  of
• 0:13
  the
• 0:13
  solutions
• 0:13
  being
• 0:14
  thrown
• 0:14
  around
• 0:14
  is
• 0:15
  that
• 0:15
  rules
• 0:15
  around
• 0:16
  apartment
• 0:16
  sizes
• 0:17
  could
• 0:17
  be
• 0:17
  loosened
• 0:18
  up.
• 0:18
  One
• 0:18
  listener
• 0:19
  has
• 0:19
  written
• 0:19
  in
• 0:19
  wanting
• 0:20
  to
• 0:20
  know
• 0:20
  if
• 0:20
  this
• 0:20
  could
• 0:21
  become
• 0:21
  reality,
• 0:22
  and
• 0:22
  she's
• 0:22
  torn.
• 0:23
  Smaller
• 0:24
  and
• 0:24
  cheaper
• 0:25
  sounds
• 0:25
  like
• 0:25
  it
• 0:25
  could
• 0:25
  help
• 0:26
  first
• 0:26
  home
• 0:26
  buyers
• 0:27
  finally
• 0:27
  getting
• 0:27
  a
• 0:28
  foot
• 0:28
  in
• 0:28
  the
• 0:28
  door.
• 0:29
  But
• 0:29
  she's
• 0:29
  also
• 0:30
  wondering
• 0:30
  whether
• 0:31
  we're
• 0:31
  just
• 0:31
  building
• 0:31
  tomorrow's
• 0:32
  problem
• 0:33
  and
• 0:33
  whether
• 0:33
  the
• 0:33
  whole
• 0:34
  thing
• 0:34
  could
• 0:34
  backfire.
• 0:35
  Great
• 0:36
  questions,
• 0:36
  so
• 0:37
  welcome
• 0:37
  to
• 0:37
  Ask
• 0:37
  the
• 0:38
  Experts
• 0:38
  for
• 0:38
  each
• 0:38
  week,
• 0:39
  people
• 0:39
  from
• 0:39
  inside
• 0:40
  the
• 0:40
  money
• 0:40
  world
• 0:41
  help
• 0:41
  us
• 0:41
  make
• 0:41
  sense
• 0:41
  of
• 0:42
  what's
• 0:42
  happening
• 0:42
  right
• 0:43
  now.
• 0:43
  And
• 0:44
  in
• 0:44
  the
• 0:44
  hot
• 0:44
  seat,
• 0:44
  Vanessa
• 0:45
  Williams
• 0:45
  from
• 0:45
  Realestate
• 0:46
  Co
• 0:47
  NZ
• 0:48
  Making
• 0:48
  Sense
• 0:48
  has.
• 0:49
  Partnered
• 0:49
  with
• 0:49
  realestate
• 0:50
  Co
• 0:51
  NZ
• 0:51
  to
• 0:52
  get
• 0:52
  you
• 0:52
  the
• 0:52
  info
• 0:53
  you
• 0:53
  need
• 0:53
  in
• 0:53
  today's
• 0:54
  market.
• 0:55
  We
• 0:55
  RealEstate
• 0:56
  Co
• 0:56
  NZ
• 0:57
  download
• 0:58
  the
• 0:58
  app
• 0:58
  today.
• 0:58
  I
• 0:59
  want
• 0:59
  to
• 0:59
  help
• 0:59
  as
• 1:00
  many
• 1:00
  people
• 1:00
  as
• 1:00
  possible
• 1:01
  reach
• 1:01
  financial
• 1:02
  freedom
• 1:02
  by
• 1:02
  taking
• 1:03
  control
• 1:03
  of
• 1:03
  their
• 1:04
  money.
• 1:04
  You
• 1:05
  can
• 1:05
  help
• 1:05
  me
• 1:05
  in
• 1:05
  that
• 1:05
  mission.
• 1:06
  Two
• 1:06
  really
• 1:07
  easy
• 1:07
  ways.
• 1:08
  First
• 1:08
  hit
• 1:09
  subscribe
• 1:09
  wherever
• 1:10
  you
• 1:10
  like
• 1:10
  to
• 1:10
  listen,
• 1:11
  YouTube,
• 1:11
  Spotify,
• 1:12
  Apple
• 1:12
  Podcasts
• 1:13
  or
• 1:13
  any
• 1:13
  other
• 1:14
  podcast
• 1:14
  player.
• 1:15
  Then
• 1:15
  send
• 1:16
  this
• 1:16
  episode
• 1:16
  to
• 1:17
  a
• 1:17
  friend
• 1:17
  so
• 1:17
  we
• 1:17
  can
• 1:17
  all
• 1:18
  level
• 1:18
  up
• 1:18
  together.
• 1:19
  Then
• 1:19
  the
• 1:20
  show
• 1:20
  grows
• 1:20
  and
• 1:20
  I
• 1:21
  can
• 1:21
  keep
• 1:21
  giving
• 1:21
  you
• 1:21
  the
• 1:22
  money
• 1:22
  info
• 1:22
  that
• 1:23
  that
• 1:23
  makes
• 1:23
  a
• 1:23
  difference
• 1:24
  for
• 1:24
  your
• 1:24
  life.
• 1:25
  Okay,
• 1:25
  back
• 1:25
  to
• 1:26
  it.
• 1:26
  In
• 1:26
  the
• 1:27
  hot
• 1:27
  seat
• 1:27
  giving
• 1:27
  us
• 1:28
  the
• 1:28
  freshest
• 1:28
  data
• 1:28
  on
• 1:28
  this.
• 1:29
  Vanessa
• 1:29
  Williams
• 1:29
  from
• 1:30
  Realestate
• 1:30
  Co
• 1:30
  nz.
• 1:31
  You
• 1:31
  ready?
• 1:31
  I'm
• 1:32
  ready.
• 1:32
  Thank
• 1:32
  you
• 1:32
  so
• 1:33
  much
• 1:33
  for
• 1:33
  having
• 1:33
  me
• 1:33
  back.
• 1:34
  Always.
• 1:35
  All
• 1:35
  right,
• 1:35
  here
• 1:35
  we
• 1:35
  go.
• 1:36
  Hi
• 1:36
  Frances.
• 1:37
  I've
• 1:37
  seen
• 1:37
  some
• 1:38
  headlines
• 1:38
  I'd
• 1:38
  love
• 1:39
  an
• 1:39
  expert
• 1:39
  take
• 1:40
  on.
• 1:40
  Apparently
• 1:41
  the
• 1:41
  government
• 1:41
  wants
• 1:42
  to
• 1:42
  scrap
• 1:42
  rules
• 1:43
  around
• 1:43
  minimum
• 1:44
  apartment
• 1:44
  sizes
• 1:45
  and
• 1:45
  things
• 1:45
  like
• 1:45
  mandatory
• 1:46
  balconies.
• 1:47
  Does
• 1:47
  that
• 1:47
  mean
• 1:48
  we're
• 1:48
  about
• 1:48
  to
• 1:48
  get
• 1:48
  a
• 1:48
  wave
• 1:49
  of
• 1:49
  tiny
• 1:49
  shoebox
• 1:50
  apartments
• 1:50
  in
• 1:50
  New
• 1:50
  Zealand?
• 1:51
  Part
• 1:52
  of
• 1:52
  me
• 1:52
  thinks
• 1:53
  maybe
• 1:53
  that's
• 1:53
  not
• 1:53
  the
• 1:53
  worst
• 1:54
  thing.
• 1:54
  If
• 1:55
  smaller
• 1:55
  places
• 1:55
  are
• 1:56
  cheaper
• 1:56
  to
• 1:56
  build
• 1:56
  and
• 1:56
  buy,
• 1:57
  could
• 1:57
  that
• 1:57
  actually
• 1:57
  help
• 1:58
  people
• 1:58
  like
• 1:58
  first
• 1:58
  home
• 1:59
  buyers?
• 1:59
  Or
• 2:00
  at
• 2:00
  least
• 2:00
  make
• 2:00
  city
• 2:01
  living
• 2:01
  more
• 2:01
  realistic
• 2:02
  for
• 2:02
  people
• 2:02
  who
• 2:02
  don't
• 2:02
  want
• 2:03
  or
• 2:03
  can't
• 2:03
  afford
• 2:03
  a
• 2:04
  full
• 2:04
  house?
• 2:05
  But
• 2:05
  then
• 2:05
  I
• 2:05
  also
• 2:05
  worry,
• 2:06
  are
• 2:06
  we
• 2:06
  just
• 2:06
  setting
• 2:07
  ourselves
• 2:07
  up
• 2:07
  for
• 2:07
  poor
• 2:08
  quality
• 2:08
  housing
• 2:09
  that
• 2:09
  no
• 2:09
  one
• 2:09
  actually
• 2:09
  wants
• 2:10
  long
• 2:10
  term?
• 2:11
  And
• 2:11
  would
• 2:11
  banks
• 2:12
  even
• 2:12
  lend
• 2:13
  on
• 2:13
  super
• 2:13
  small
• 2:13
  apartments?
• 2:14
  Would
• 2:15
  they
• 2:15
  even
• 2:15
  hold
• 2:15
  their
• 2:15
  value?
• 2:16
  Would
• 2:16
  they
• 2:16
  become
• 2:16
  the
• 2:17
  kind
• 2:17
  of
• 2:17
  places
• 2:17
  where
• 2:18
  that
• 2:18
  people
• 2:18
  end
• 2:18
  up
• 2:18
  getting
• 2:19
  stuck
• 2:20
  in?
• 2:20
  What
• 2:21
  do
• 2:21
  you
• 2:21
  think?
• 2:21
  Is
• 2:21
  this
• 2:22
  actually
• 2:22
  likely
• 2:22
  to
• 2:22
  happen
• 2:23
  or
• 2:23
  is
• 2:23
  it
• 2:23
  more
• 2:23
  political
• 2:24
  noise
• 2:24
  than
• 2:25
  reality?
• 2:26
  Would
• 2:26
  love
• 2:26
  your
• 2:26
  take
• 2:27
  on
• 2:27
  whether
• 2:27
  micro
• 2:27
  apartments
• 2:28
  could
• 2:28
  ease
• 2:28
  the
• 2:29
  housing
• 2:29
  shortage
• 2:30
  or
• 2:30
  just
• 2:30
  Create
• 2:30
  new
• 2:31
  problems
• 2:32
  a
• 2:33
  lot
• 2:33
  in
• 2:33
  that.
• 2:34
  But
• 2:34
  I
• 2:34
  think
• 2:34
  again,
• 2:35
  this
• 2:35
  is
• 2:35
  one
• 2:35
  of
• 2:35
  those
• 2:35
  where
• 2:36
  you
• 2:36
  hear
• 2:36
  about
• 2:36
  these
• 2:37
  small
• 2:37
  apartments
• 2:37
  and
• 2:38
  people
• 2:38
  immediately
• 2:38
  do
• 2:38
  have
• 2:39
  these
• 2:39
  huge
• 2:39
  amount
• 2:39
  of
• 2:39
  questions.
• 2:40
  It's
• 2:40
  not
• 2:40
  really
• 2:41
  something
• 2:41
  we've
• 2:41
  seen
• 2:41
  heaps
• 2:42
  of
• 2:42
  in
• 2:42
  New
• 2:42
  Zealand.
• 2:43
  So
• 2:43
  have
• 2:44
  you
• 2:44
  seen
• 2:44
  these
• 2:44
  reports
• 2:44
  too.
• 2:45
  And
• 2:45
  what's
• 2:45
  your
• 2:45
  take
• 2:45
  on
• 2:45
  them?
• 2:46
  I
• 2:46
  have
• 2:46
  seen
• 2:47
  these
• 2:47
  reports
• 2:47
  as
• 2:47
  well
• 2:48
  and
• 2:48
  I
• 2:48
  was
• 2:48
  probably
• 2:49
  a
• 2:49
  little
• 2:49
  bit
• 2:49
  like,
• 2:50
  okay,
• 2:51
  we
• 2:51
  do
• 2:51
  have
• 2:51
  a
• 2:51
  housing
• 2:52
  shortage,
• 2:52
  you
• 2:52
  know,
• 2:52
  we
• 2:53
  do
• 2:53
  need
• 2:53
  some
• 2:53
  more
• 2:53
  supply
• 2:54
  some
• 2:54
  more
• 2:54
  housing,
• 2:54
  but
• 2:55
  a
• 2:55
  shoebox
• 2:56
  apartment's
• 2:56
  the
• 2:56
  right
• 2:57
  way
• 2:57
  to
• 2:57
  go
• 2:57
  about
• 2:57
  it.
• 2:57
  And
• 2:58
  look,
• 2:58
  I
• 2:58
  actually
• 2:59
  looked
• 2:59
  over
• 2:59
  the
• 2:59
  last
• 3:00
  sort
• 3:00
  of
• 3:00
  10
• 3:00
  years
• 3:01
  worth
• 3:01
  of
• 3:01
  data.
• 3:02
  Realistically,
• 3:03
  the
• 3:03
  average
• 3:04
  apartment
• 3:04
  size
• 3:05
  has
• 3:05
  stayed
• 3:06
  pretty
• 3:06
  much
• 3:06
  consistent
• 3:07
  for
• 3:07
  the
• 3:07
  past
• 3:07
  10
• 3:08
  years.
• 3:08
  Might
• 3:08
  have
• 3:09
  fluctuated
• 3:09
  one
• 3:09
  or
• 3:10
  two
• 3:10
  square
• 3:10
  meters,
• 3:10
  but
• 3:11
  it,
• 3:11
  it's
• 3:11
  pretty
• 3:12
  much
• 3:12
  stayed
• 3:12
  to
• 3:12
  the
• 3:12
  same
• 3:13
  size.
• 3:13
  And
• 3:14
  while
• 3:14
  investors
• 3:15
  can
• 3:16
  build
• 3:16
  these
• 3:16
  apartments,
• 3:17
  they've
• 3:17
  still
• 3:18
  got
• 3:18
  to
• 3:18
  be
• 3:18
  demand
• 3:18
  on
• 3:18
  the
• 3:18
  other
• 3:19
  end
• 3:19
  for
• 3:19
  people
• 3:19
  wanting
• 3:19
  to
• 3:19
  live
• 3:20
  in
• 3:20
  them
• 3:20
  and,
• 3:20
  or
• 3:20
  buy
• 3:21
  them.
• 3:21
  Right.
• 3:21
  The
• 3:22
  maths
• 3:22
  on
• 3:22
  that
• 3:22
  really
• 3:23
  does
• 3:23
  have
• 3:23
  to
• 3:23
  make
• 3:24
  sense.
• 3:25
  So
• 3:25
  while
• 3:25
  I
• 3:25
  think
• 3:26
  it's
• 3:26
  interesting
• 3:26
  that
• 3:27
  there
• 3:27
  has
• 3:27
  been
• 3:27
  a
• 3:28
  lot
• 3:28
  of
• 3:28
  talk
• 3:28
  around
• 3:28
  removing
• 3:29
  that
• 3:29
  minimum
• 3:30
  square
• 3:30
  meterage,
• 3:31
  whether
• 3:31
  that
• 3:31
  actually
• 3:32
  translates
• 3:33
  or
• 3:33
  not
• 3:33
  I
• 3:34
  think
• 3:34
  is
• 3:34
  yet
• 3:34
  to
• 3:35
  be
• 3:35
  seen.
• 3:35
  Because
• 3:35
  again,
• 3:36
  any
• 3:37
  investment
• 3:37
  has
• 3:37
  still
• 3:38
  got
• 3:38
  to
• 3:38
  make
• 3:38
  good
• 3:38
  financial
• 3:39
  sense
• 3:39
  and
• 3:39
  you
• 3:40
  need
• 3:40
  their
• 3:40
  ability
• 3:41
  to
• 3:41
  be
• 3:41
  able
• 3:41
  to
• 3:41
  offload
• 3:42
  it,
• 3:42
  sell
• 3:42
  it,
• 3:42
  rent
• 3:43
  it
• 3:43
  at
• 3:43
  the
• 3:43
  other
• 3:43
  end.
• 3:44
  And
• 3:44
  I'm
• 3:44
  just
• 3:44
  not
• 3:45
  sure
• 3:45
  anything
• 3:45
  too
• 3:45
  small
• 3:46
  is
• 3:46
  probably
• 3:46
  going
• 3:47
  to
• 3:47
  be
• 3:47
  that
• 3:47
  appealing.
• 3:48
  Especially
• 3:49
  there
• 3:49
  is
• 3:49
  actually
• 3:50
  quite
• 3:50
  a
• 3:50
  lot
• 3:50
  of
• 3:50
  apartments,
• 3:51
  varying
• 3:52
  sizes,
• 3:52
  with
• 3:53
  varying
• 3:53
  balconies,
• 3:53
  varying
• 3:54
  amenities,
• 3:54
  of
• 3:55
  course,
• 3:55
  all
• 3:55
  the
• 3:55
  rest
• 3:55
  of
• 3:55
  it.
• 3:56
  But
• 3:56
  when
• 3:56
  you
• 3:57
  are
• 3:57
  competing
• 3:57
  with
• 3:58
  that,
• 3:58
  if
• 3:58
  you
• 3:58
  have
• 3:58
  got
• 3:59
  the
• 3:59
  smallest
• 3:59
  apartment
• 4:00
  on
• 4:00
  earth,
• 4:01
  you
• 4:01
  know
• 4:01
  it's
• 4:01
  going
• 4:02
  to
• 4:02
  be
• 4:02
  just
• 4:02
  harder
• 4:02
  to
• 4:02
  sell
• 4:02
  or
• 4:03
  rent.
• 4:03
  So
• 4:03
  you
• 4:03
  know,
• 4:04
  I
• 4:04
  think
• 4:04
  we've
• 4:04
  got
• 4:04
  to
• 4:04
  take
• 4:04
  all
• 4:04
  of
• 4:04
  those
• 4:05
  into
• 4:05
  account.
• 4:05
  Yeah.
• 4:06
  What
• 4:06
  do
• 4:06
  we
• 4:06
  see
• 4:07
  in
• 4:07
  terms
• 4:07
  of
• 4:07
  what
• 4:07
  New
• 4:08
  Zealand
• 4:08
  is
• 4:08
  like
• 4:09
  from
• 4:09
  a
• 4:09
  property?
• 4:09
  I
• 4:09
  mean,
• 4:10
  for
• 4:10
  starters,
• 4:10
  do
• 4:10
  we
• 4:11
  know
• 4:11
  much
• 4:11
  about
• 4:12
  how
• 4:12
  apartments
• 4:12
  go
• 4:13
  in
• 4:13
  general
• 4:13
  compared
• 4:14
  to
• 4:14
  other
• 4:14
  properties
• 4:15
  and
• 4:15
  also
• 4:16
  how
• 4:16
  the
• 4:16
  size
• 4:17
  of
• 4:17
  that
• 4:17
  apartment
• 4:18
  impacts
• 4:18
  things?
• 4:19
  So
• 4:20
  we
• 4:20
  typically
• 4:20
  see
• 4:20
  them
• 4:21
  in
• 4:21
  major
• 4:21
  centers
• 4:22
  and
• 4:23
  they
• 4:23
  are
• 4:23
  very
• 4:24
  sort
• 4:24
  of
• 4:24
  utilised
• 4:25
  in
• 4:26
  student
• 4:26
  market,
• 4:27
  you
• 4:27
  know,
• 4:27
  where
• 4:28
  you've
• 4:28
  got
• 4:28
  someone
• 4:29
  who
• 4:29
  perhaps
• 4:29
  is
• 4:30
  quite
• 4:30
  stretched
• 4:31
  in
• 4:31
  terms
• 4:31
  of
• 4:32
  their
• 4:32
  budgets
• 4:32
  or
• 4:33
  their
• 4:33
  kind
• 4:33
  of
• 4:33
  fixed
• 4:34
  income
• 4:34
  while
• 4:34
  they
• 4:34
  are,
• 4:35
  you
• 4:35
  know,
• 4:35
  getting
• 4:35
  an
• 4:35
  education,
• 4:36
  et
• 4:36
  cetera.
• 4:36
  So
• 4:37
  they
• 4:37
  might
• 4:37
  be
• 4:37
  like
• 4:37
  investment
• 4:38
  properties
• 4:38
  that
• 4:38
  get
• 4:39
  rented
• 4:39
  out?
• 4:39
  Of
• 4:39
  course,
• 4:40
  yes,
• 4:40
  especially
• 4:40
  if
• 4:41
  they
• 4:41
  are
• 4:41
  very,
• 4:41
  very
• 4:42
  central.
• 4:43
  You
• 4:43
  can
• 4:43
  have
• 4:43
  someone
• 4:44
  live
• 4:44
  there
• 4:44
  who
• 4:44
  doesn't
• 4:44
  need
• 4:45
  to
• 4:45
  have
• 4:45
  a
• 4:45
  car
• 4:46
  or
• 4:46
  you
• 4:46
  know,
• 4:46
  can
• 4:47
  get
• 4:47
  around
• 4:47
  in
• 4:47
  kind
• 4:47
  of
• 4:48
  their
• 4:48
  micro
• 4:48
  area,
• 4:48
  can
• 4:49
  perhaps
• 4:49
  walk
• 4:49
  or
• 4:50
  bus
• 4:50
  to
• 4:50
  university
• 4:50
  or
• 4:51
  to
• 4:51
  Polytech
• 4:52
  or,
• 4:52
  or
• 4:52
  you
• 4:52
  know,
• 4:53
  work
• 4:53
  in
• 4:53
  the
• 4:53
  city,
• 4:54
  very
• 4:54
  kind
• 4:54
  of
• 4:54
  locally.
• 4:55
  So
• 4:56
  the
• 4:56
  smaller
• 4:56
  apartments
• 4:57
  do
• 4:57
  create
• 4:58
  a
• 4:58
  certain
• 4:59
  ability
• 5:00
  for
• 5:00
  people
• 5:01
  who
• 5:01
  are
• 5:01
  perhaps
• 5:02
  budget
• 5:02
  stretched
• 5:03
  to
• 5:03
  be
• 5:03
  able
• 5:03
  to
• 5:03
  have
• 5:04
  a
• 5:04
  house,
• 5:04
  which
• 5:04
  is
• 5:04
  of
• 5:05
  course
• 5:05
  phenomenal.
• 5:06
  But
• 5:06
  then
• 5:06
  as
• 5:06
  soon
• 5:06
  as
• 5:07
  you
• 5:07
  move
• 5:07
  into
• 5:07
  a
• 5:07
  different
• 5:08
  stage
• 5:08
  in
• 5:08
  your
• 5:08
  life,
• 5:09
  then
• 5:09
  of
• 5:10
  course
• 5:10
  you
• 5:10
  start
• 5:10
  to
• 5:10
  see
• 5:11
  a
• 5:11
  different
• 5:11
  need.
• 5:12
  And
• 5:12
  typically
• 5:12
  when
• 5:13
  you
• 5:13
  go
• 5:13
  from
• 5:14
  being
• 5:14
  a
• 5:14
  student
• 5:15
  to
• 5:15
  earning,
• 5:16
  then
• 5:16
  you
• 5:17
  do
• 5:17
  have
• 5:17
  more
• 5:17
  funds
• 5:18
  to
• 5:18
  play
• 5:18
  with.
• 5:18
  So
• 5:19
  therefore
• 5:19
  you
• 5:20
  don't
• 5:20
  really
• 5:20
  need
• 5:20
  to.
• 5:21
  I'm
• 5:21
  using
• 5:21
  this
• 5:21
  word,
• 5:22
  a
• 5:22
  shoebox
• 5:22
  and
• 5:22
  inverted
• 5:23
  commas
• 5:23
  because
• 5:23
  I
• 5:23
  do,
• 5:23
  you
• 5:24
  know,
• 5:24
  think
• 5:24
  it
• 5:24
  can
• 5:24
  be
• 5:24
  a
• 5:24
  bit
• 5:25
  of
• 5:25
  unfair
• 5:26
  when
• 5:26
  it
• 5:26
  does
• 5:26
  create
• 5:26
  the
• 5:27
  ability
• 5:27
  for
• 5:27
  somebody
• 5:27
  to
• 5:28
  have
• 5:28
  a
• 5:28
  house
• 5:28
  at
• 5:28
  a
• 5:28
  more
• 5:28
  cost
• 5:28
  effective
• 5:29
  price.
• 5:30
  But
• 5:30
  look,
• 5:31
  we
• 5:31
  have
• 5:31
  had,
• 5:31
  probably
• 5:32
  a
• 5:32
  generation
• 5:32
  ago,
• 5:33
  we
• 5:33
  had
• 5:33
  that
• 5:33
  quarter
• 5:34
  acre
• 5:34
  dream
• 5:34
  when
• 5:34
  it
• 5:35
  was
• 5:35
  very
• 5:35
  cool
• 5:35
  to
• 5:35
  spend
• 5:36
  your
• 5:36
  weekends
• 5:36
  mowing
• 5:37
  a
• 5:37
  lot
• 5:37
  of
• 5:37
  lawn
• 5:38
  for
• 5:38
  your
• 5:38
  kids
• 5:38
  to
• 5:38
  play
• 5:39
  outside
• 5:39
  on.
• 5:39
  And
• 5:40
  you
• 5:40
  see
• 5:40
  how
• 5:40
  quickly
• 5:41
  that
• 5:41
  has
• 5:41
  shifted
• 5:42
  in
• 5:42
  the
• 5:42
  last
• 5:42
  20
• 5:42
  years.
• 5:43
  Less
• 5:44
  kids
• 5:44
  are
• 5:44
  outside
• 5:45
  now.
• 5:46
  We
• 5:46
  also
• 5:46
  have
• 5:46
  a
• 5:47
  lot
• 5:47
  more
• 5:47
  kind
• 5:48
  of
• 5:48
  affluent
• 5:49
  lives
• 5:49
  in
• 5:49
  general
• 5:50
  where
• 5:50
  we
• 5:50
  have
• 5:51
  got
• 5:51
  the
• 5:51
  ability
• 5:51
  to
• 5:52
  spend
• 5:52
  more
• 5:52
  time
• 5:53
  doing
• 5:53
  more
• 5:53
  things
• 5:54
  outside
• 5:54
  of
• 5:54
  the
• 5:54
  home
• 5:55
  on
• 5:55
  a
• 5:55
  weekend.
• 5:56
  You
• 5:56
  know,
• 5:56
  parks
• 5:57
  are
• 5:57
  very
• 5:57
  well
• 5:58
  utilized
• 5:59
  now,
• 5:59
  which
• 5:59
  didn't
• 6:00
  necessarily
• 6:00
  be
• 6:00
  quite
• 6:01
  the
• 6:01
  same
• 6:01
  as
• 6:01
  it
• 6:01
  was
• 6:01
  20
• 6:02
  years
• 6:02
  ago
• 6:02
  because
• 6:02
  you
• 6:03
  had
• 6:03
  that
• 6:03
  swing
• 6:03
  set
• 6:03
  in
• 6:03
  the
• 6:04
  back
• 6:04
  garden
• 6:04
  as
• 6:04
  an
• 6:04
  example.
• 6:05
  And
• 6:06
  because
• 6:06
  there
• 6:06
  was
• 6:06
  less
• 6:07
  to
• 6:07
  do,
• 6:07
  there
• 6:07
  was
• 6:07
  less
• 6:08
  working
• 6:08
  from
• 6:08
  home,
• 6:08
  there
• 6:08
  was
• 6:09
  less
• 6:09
  vocations
• 6:09
  that
• 6:10
  worked
• 6:10
  over
• 6:10
  the
• 6:10
  weekends.
• 6:11
  It
• 6:11
  was
• 6:12
  sort
• 6:12
  of,
• 6:12
  you
• 6:12
  know,
• 6:12
  your
• 6:12
  kind
• 6:13
  of
• 6:13
  home
• 6:13
  was
• 6:13
  your
• 6:13
  castle
• 6:14
  in
• 6:14
  a
• 6:14
  very
• 6:14
  different
• 6:14
  way
• 6:15
  than
• 6:15
  it
• 6:15
  is
• 6:15
  today.
• 6:17
  So
• 6:17
  we
• 6:17
  do
• 6:17
  still
• 6:18
  have
• 6:18
  a
• 6:18
  little
• 6:18
  bit
• 6:18
  of
• 6:18
  the
• 6:18
  hangover
• 6:19
  of
• 6:19
  that,
• 6:19
  of
• 6:19
  needing
• 6:19
  a
• 6:20
  back
• 6:20
  garden
• 6:20
  for
• 6:21
  our
• 6:21
  inverted
• 6:22
  comma
• 6:22
  kids.
• 6:22
  And
• 6:22
  I
• 6:22
  think
• 6:23
  fur
• 6:23
  baby's
• 6:23
  included
• 6:24
  in
• 6:24
  that
• 6:25
  to
• 6:25
  play
• 6:26
  around
• 6:26
  in.
• 6:26
  But
• 6:26
  of
• 6:27
  course
• 6:27
  that
• 6:27
  is
• 6:27
  evolving
• 6:28
  as
• 6:28
  our
• 6:28
  lives
• 6:29
  evolve.
• 6:29
  And
• 6:30
  that
• 6:30
  sort
• 6:30
  of
• 6:30
  lock
• 6:31
  up
• 6:31
  and
• 6:31
  leave
• 6:32
  has
• 6:32
  certainly
• 6:32
  changed
• 6:33
  a
• 6:33
  lot.
• 6:34
  Now
• 6:34
  look,
• 6:34
  apartments
• 6:35
  still
• 6:35
  only
• 6:36
  realistically
• 6:36
  make
• 6:37
  up
• 6:37
  less
• 6:37
  than
• 6:37
  5%
• 6:38
  of
• 6:38
  the
• 6:39
  housing
• 6:39
  pool.
• 6:40
  So
• 6:41
  what
• 6:41
  we
• 6:41
  are
• 6:41
  talking
• 6:41
  about
• 6:42
  here
• 6:42
  is
• 6:42
  quite
• 6:43
  a
• 6:43
  small
• 6:43
  number
• 6:44
  of
• 6:44
  housing.
• 6:45
  And
• 6:45
  I
• 6:45
  think
• 6:45
  when
• 6:46
  you
• 6:46
  look
• 6:46
  globally
• 6:47
  as
• 6:47
  well,
• 6:47
  it's
• 6:47
  certainly
• 6:48
  a
• 6:48
  very
• 6:48
  different
• 6:48
  way
• 6:49
  in
• 6:49
  which
• 6:49
  housing
• 6:50
  is
• 6:50
  seen
• 6:50
  globally
• 6:51
  than
• 6:51
  it
• 6:51
  is
• 6:51
  here
• 6:51
  in
• 6:51
  New
• 6:52
  Zealand
• 6:52
  because
• 6:53
  we
• 6:53
  have
• 6:53
  such
• 6:53
  a
• 6:53
  passion
• 6:54
  for
• 6:54
  property.
• 6:54
  You
• 6:55
  know,
• 6:55
  Kiwis
• 6:55
  just
• 6:55
  have
• 6:55
  this
• 6:56
  love
• 6:56
  affair
• 6:56
  with
• 6:56
  property
• 6:57
  that
• 6:57
  we
• 6:57
  love
• 6:58
  to
• 6:58
  talk
• 6:58
  about
• 6:58
  it,
• 6:58
  love
• 6:58
  to
• 6:59
  aim
• 6:59
  to
• 6:59
  buy
• 6:59
  one.
• 6:59
  You
• 7:00
  know,
• 7:00
  it's
• 7:00
  really
• 7:00
  something
• 7:01
  that
• 7:01
  we
• 7:02
  genuinely
• 7:03
  love.
• 7:04
  So
• 7:04
  I
• 7:04
  do
• 7:04
  think
• 7:05
  that
• 7:05
  that
• 7:05
  plays
• 7:05
  a
• 7:06
  part
• 7:06
  in
• 7:06
  what
• 7:06
  we
• 7:06
  see
• 7:07
  or
• 7:07
  deem
• 7:07
  to
• 7:08
  be
• 7:08
  a
• 7:08
  house
• 7:08
  or
• 7:09
  a
• 7:09
  family
• 7:09
  home.
• 7:10
  But
• 7:10
  it's
• 7:10
  Certainly
• 7:11
  as
• 7:11
  we
• 7:11
  start
• 7:11
  to
• 7:12
  see
• 7:12
  a
• 7:12
  more
• 7:12
  multicultural
• 7:13
  society
• 7:13
  here
• 7:13
  in
• 7:14
  New
• 7:14
  Zealand,
• 7:14
  that
• 7:15
  landscape
• 7:15
  is
• 7:15
  changing.
• 7:16
  That's
• 7:17
  a
• 7:17
  really
• 7:17
  interesting
• 7:17
  perspective
• 7:18
  on
• 7:18
  it.
• 7:18
  And
• 7:18
  I
• 7:19
  think
• 7:19
  as
• 7:19
  well
• 7:19
  when
• 7:19
  they
• 7:19
  mentioned
• 7:20
  about
• 7:20
  the
• 7:21
  banks,
• 7:22
  I
• 7:22
  think
• 7:22
  that's
• 7:22
  a
• 7:22
  really
• 7:22
  important
• 7:23
  point
• 7:23
  to
• 7:23
  run
• 7:23
  through
• 7:23
  because
• 7:24
  we
• 7:24
  have
• 7:24
  seen
• 7:24
  banks
• 7:24
  get
• 7:25
  twitchy
• 7:25
  before
• 7:26
  about
• 7:26
  certain
• 7:27
  types
• 7:27
  of
• 7:27
  apartments.
• 7:28
  So
• 7:28
  if
• 7:28
  we
• 7:28
  get
• 7:29
  rid
• 7:29
  of
• 7:29
  things
• 7:29
  like
• 7:29
  minimum
• 7:30
  size
• 7:30
  on
• 7:30
  apartments,
• 7:31
  so
• 7:31
  does
• 7:31
  that
• 7:31
  then
• 7:32
  make
• 7:32
  it
• 7:32
  harder
• 7:32
  for
• 7:32
  people
• 7:33
  to
• 7:33
  do
• 7:33
  things
• 7:33
  like
• 7:33
  get
• 7:34
  bank
• 7:34
  lending?
• 7:35
  And
• 7:35
  that
• 7:35
  is
• 7:35
  a
• 7:36
  really
• 7:36
  great
• 7:36
  point
• 7:37
  because
• 7:37
  banks,
• 7:37
  you're
• 7:38
  right,
• 7:38
  get
• 7:38
  very
• 7:38
  twitchy
• 7:39
  under
• 7:39
  it's
• 7:40
  either
• 7:40
  40
• 7:40
  or
• 7:40
  45
• 7:41
  square
• 7:41
  meters,
• 7:42
  they
• 7:42
  will
• 7:43
  sort
• 7:43
  of
• 7:43
  perhaps
• 7:44
  not
• 7:44
  even
• 7:44
  lend
• 7:45
  on
• 7:45
  it.
• 7:45
  So
• 7:46
  that's
• 7:46
  something
• 7:46
  that
• 7:47
  again,
• 7:47
  when
• 7:48
  people
• 7:48
  are
• 7:48
  thinking
• 7:48
  about
• 7:49
  buying
• 7:49
  those
• 7:49
  if
• 7:49
  they
• 7:50
  are
• 7:50
  looking
• 7:51
  to
• 7:51
  sell
• 7:51
  them,
• 7:52
  that
• 7:52
  could
• 7:52
  really
• 7:52
  hinder
• 7:53
  their
• 7:53
  ability
• 7:53
  to
• 7:54
  offload
• 7:54
  them.
• 7:54
  At
• 7:54
  the
• 7:54
  other
• 7:54
  end
• 7:55
  if
• 7:55
  banks
• 7:55
  won't
• 7:56
  lend
• 7:56
  on
• 7:56
  them,
• 7:57
  apartments
• 7:57
  can
• 7:57
  be
• 7:58
  a
• 7:58
  little
• 7:58
  bit
• 7:58
  trickier
• 7:59
  than
• 7:59
  it
• 7:59
  was
• 8:00
  perhaps
• 8:00
  to
• 8:00
  buy
• 8:00
  a
• 8:00
  house
• 8:01
  or
• 8:01
  a
• 8:01
  townhouse
• 8:02
  just
• 8:02
  with
• 8:02
  the
• 8:02
  makeup
• 8:03
  and
• 8:03
  Body
• 8:03
  Corp.
• 8:04
  And
• 8:04
  if
• 8:04
  you
• 8:05
  are
• 8:05
  thinking
• 8:05
  about
• 8:05
  this
• 8:06
  in
• 8:06
  terms
• 8:06
  of
• 8:06
  purchasing
• 8:07
  an
• 8:07
  apartment
• 8:08
  is
• 8:08
  really
• 8:08
  make
• 8:09
  sure
• 8:09
  you
• 8:09
  dive
• 8:09
  deep
• 8:09
  into
• 8:10
  all
• 8:10
  of
• 8:10
  those
• 8:10
  little
• 8:11
  nuances
• 8:11
  that
• 8:11
  come
• 8:12
  with
• 8:12
  apartment
• 8:12
  living
• 8:13
  versus
• 8:14
  what
• 8:14
  it
• 8:14
  does
• 8:14
  if
• 8:14
  you're
• 8:15
  buying
• 8:15
  say
• 8:15
  a
• 8:15
  standalone
• 8:16
  house
• 8:16
  or
• 8:16
  a
• 8:16
  townhouse.
• 8:19
  If
• 8:19
  you're
• 8:19
  looking
• 8:19
  for
• 8:19
  property,
• 8:20
  start
• 8:20
  with
• 8:21
  Realestate
• 8:21
  Co
• 8:22
  NZ
• 8:23
  New
• 8:23
  Zealand's
• 8:24
  longest
• 8:24
  standing
• 8:24
  property
• 8:25
  site.
• 8:26
  They've
• 8:26
  been
• 8:26
  dedicated
• 8:27
  exclusively
• 8:28
  to
• 8:28
  property
• 8:28
  since
• 8:29
  1996.
• 8:31
  That's
• 8:31
  even
• 8:32
  before
• 8:32
  Google.
• 8:33
  Whether
• 8:33
  you're
• 8:34
  buying
• 8:34
  or
• 8:34
  renting,
• 8:35
  no
• 8:36
  other
• 8:36
  property
• 8:36
  site
• 8:36
  gives
• 8:37
  you
• 8:37
  as
• 8:37
  much
• 8:37
  information.
• 8:38
  The
• 8:39
  Market
• 8:39
  Insights
• 8:40
  feature
• 8:40
  lets
• 8:40
  you
• 8:41
  view
• 8:41
  the
• 8:41
  median
• 8:41
  asking,
• 8:42
  sale
• 8:42
  and
• 8:43
  rental
• 8:43
  prices
• 8:43
  in
• 8:44
  a
• 8:44
  suburb
• 8:44
  for
• 8:45
  over
• 8:45
  1,
• 8:46
  3
• 8:46
  or
• 8:46
  even
• 8:47
  10
• 8:47
  years.
• 8:48
  Want
• 8:49
  to
• 8:49
  know
• 8:49
  what
• 8:49
  a
• 8:49
  property
• 8:49
  is
• 8:49
  worth?
• 8:50
  The
• 8:50
  estimated
• 8:51
  sale
• 8:51
  price
• 8:52
  range
• 8:52
  uses
• 8:52
  the
• 8:53
  latest
• 8:53
  sales
• 8:53
  figures
• 8:54
  from
• 8:54
  the
• 8:54
  real
• 8:55
  estate
• 8:55
  industry.
• 8:56
  Scroll
• 8:57
  to
• 8:57
  the
• 8:57
  bottom
• 8:57
  of
• 8:57
  a
• 8:57
  property
• 8:58
  listing
• 8:58
  to
• 8:58
  discover
• 8:58
  what
• 8:59
  it
• 8:59
  sold
• 8:59
  for
• 8:59
  in
• 8:59
  the
• 9:00
  past,
• 9:00
  the
• 9:00
  council
• 9:01
  valuation
• 9:02
  and
• 9:02
  what
• 9:02
  you
• 9:02
  can
• 9:03
  expect
• 9:03
  to
• 9:03
  pay
• 9:03
  for
• 9:03
  it
• 9:04
  even
• 9:04
  before
• 9:05
  you
• 9:05
  view
• 9:05
  it.
• 9:06
  Become
• 9:07
  the
• 9:07
  property
• 9:07
  expert,
• 9:08
  download
• 9:08
  the
• 9:09
  realestate
• 9:09
  Co
• 9:10
  NZ
• 9:10
  app
• 9:11
  and
• 9:11
  make
• 9:11
  informed
• 9:12
  decisions
• 9:13
  fast.
• 9:15
  Yeah,
• 9:15
  I
• 9:15
  think
• 9:15
  that's
• 9:16
  a
• 9:16
  really
• 9:16
  good
• 9:16
  point
• 9:16
  because
• 9:16
  as
• 9:16
  you
• 9:17
  say
• 9:17
  when
• 9:17
  you
• 9:17
  come
• 9:17
  to
• 9:17
  offload,
• 9:18
  if
• 9:18
  that
• 9:19
  pool
• 9:19
  of
• 9:20
  potential
• 9:20
  buyers
• 9:21
  to
• 9:21
  come
• 9:21
  in
• 9:21
  from
• 9:21
  you
• 9:22
  is
• 9:22
  so
• 9:23
  much
• 9:23
  smaller
• 9:24
  because
• 9:24
  it's
• 9:24
  people
• 9:24
  who
• 9:25
  either
• 9:25
  have
• 9:25
  a
• 9:25
  high
• 9:25
  enough
• 9:25
  income
• 9:26
  that
• 9:26
  the
• 9:26
  bank
• 9:26
  is
• 9:26
  like
• 9:26
  sure,
• 9:27
  do
• 9:27
  whatever
• 9:27
  you
• 9:27
  like,
• 9:28
  we
• 9:28
  just
• 9:28
  want
• 9:28
  to
• 9:28
  keep
• 9:28
  you
• 9:29
  as
• 9:29
  a
• 9:29
  customer
• 9:30
  or
• 9:30
  it's
• 9:30
  people
• 9:30
  who
• 9:30
  can
• 9:30
  buy
• 9:31
  it
• 9:31
  outright.
• 9:31
  You
• 9:32
  know
• 9:32
  that's
• 9:32
  hard
• 9:32
  and
• 9:33
  that
• 9:33
  is
• 9:33
  not
• 9:33
  the
• 9:33
  case
• 9:34
  in
• 9:34
  every
• 9:34
  situation.
• 9:35
  But
• 9:35
  you
• 9:35
  really
• 9:35
  do
• 9:35
  want
• 9:36
  to.
• 9:36
  I
• 9:36
  think
• 9:37
  as
• 9:37
  you're
• 9:37
  going
• 9:37
  through
• 9:38
  the
• 9:38
  lending
• 9:38
  process
• 9:38
  be
• 9:39
  having
• 9:39
  those
• 9:39
  honest
• 9:39
  conversations
• 9:40
  with
• 9:40
  the
• 9:40
  bank
• 9:40
  about
• 9:41
  what
• 9:41
  do
• 9:41
  you
• 9:41
  make
• 9:41
  of
• 9:41
  this
• 9:41
  property?
• 9:42
  Because
• 9:42
  anyone
• 9:43
  who
• 9:43
  comes
• 9:43
  to
• 9:43
  buy
• 9:43
  it
• 9:44
  from
• 9:44
  you
• 9:45
  will
• 9:45
  then
• 9:45
  also
• 9:45
  have
• 9:45
  to
• 9:45
  go
• 9:46
  through
• 9:46
  that
• 9:46
  same
• 9:46
  process.
• 9:46
  Right?
• 9:47
  And
• 9:47
  of
• 9:48
  course
• 9:48
  that
• 9:48
  can
• 9:48
  change
• 9:49
  as
• 9:49
  well.
• 9:50
  So
• 9:50
  like
• 9:50
  we're
• 9:50
  seeing
• 9:51
  here
• 9:51
  that
• 9:51
  perhaps,
• 9:52
  and
• 9:52
  I
• 9:52
  know
• 9:52
  it
• 9:53
  hasn't
• 9:53
  come
• 9:53
  through
• 9:53
  yet,
• 9:53
  but
• 9:53
  the
• 9:54
  talk
• 9:54
  of
• 9:54
  removing
• 9:55
  that
• 9:55
  sort
• 9:56
  of
• 9:56
  minimum
• 9:56
  square
• 9:56
  meterage,
• 9:57
  you
• 9:57
  know,
• 9:57
  you,
• 9:58
  you
• 9:58
  fast
• 9:58
  forward
• 9:58
  if
• 9:59
  you've
• 9:59
  got
• 9:59
  your
• 9:59
  apartment
• 9:59
  for
• 9:59
  10
• 10:00
  years,
• 10:00
  the
• 10:00
  landscape
• 10:01
  of
• 10:01
  what
• 10:01
  people
• 10:01
  can
• 10:02
  lend
• 10:02
  on
• 10:02
  apartments
• 10:03
  could
• 10:03
  change
• 10:04
  in
• 10:04
  that
• 10:04
  10
• 10:04
  year
• 10:04
  period
• 10:05
  as
• 10:05
  well.
• 10:05
  And
• 10:06
  so
• 10:06
  because
• 10:06
  it
• 10:07
  is
• 10:07
  a
• 10:07
  bit
• 10:07
  more
• 10:07
  of
• 10:07
  a
• 10:07
  risky
• 10:08
  sort
• 10:08
  of
• 10:08
  situation
• 10:09
  in
• 10:09
  terms
• 10:09
  of
• 10:09
  lending,
• 10:10
  it's
• 10:10
  just
• 10:11
  really
• 10:11
  good
• 10:11
  to
• 10:11
  go
• 10:11
  at
• 10:11
  eyes
• 10:12
  wide
• 10:12
  open,
• 10:12
  think
• 10:13
  thinking
• 10:13
  about
• 10:13
  that,
• 10:13
  that
• 10:14
  that
• 10:14
  is
• 10:14
  perhaps
• 10:15
  a
• 10:15
  market
• 10:15
  that
• 10:15
  could
• 10:15
  change
• 10:16
  over
• 10:16
  time,
• 10:17
  you
• 10:17
  know,
• 10:17
  and
• 10:17
  again
• 10:18
  as
• 10:18
  we
• 10:18
  say
• 10:18
  look
• 10:19
  backwards
• 10:19
  to
• 10:19
  look
• 10:20
  forwards.
• 10:21
  What
• 10:21
  perhaps
• 10:21
  has
• 10:22
  happened
• 10:22
  in
• 10:22
  the
• 10:22
  apartment
• 10:23
  lending
• 10:23
  over
• 10:23
  the
• 10:24
  past
• 10:24
  10
• 10:24
  years.
• 10:24
  Just
• 10:25
  so
• 10:25
  that
• 10:25
  when
• 10:25
  you,
• 10:25
  if
• 10:26
  you
• 10:26
  are
• 10:26
  thinking
• 10:26
  about
• 10:26
  purchasing
• 10:27
  and
• 10:27
  thinking
• 10:27
  about
• 10:27
  what
• 10:28
  could
• 10:28
  perhaps
• 10:28
  change
• 10:28
  in
• 10:29
  the
• 10:29
  future,
• 10:29
  that
• 10:29
  again
• 10:30
  you
• 10:30
  go
• 10:30
  in
• 10:30
  eyes
• 10:31
  wide
• 10:31
  open
• 10:31
  with
• 10:31
  those
• 10:32
  pieces.
• 10:32
  I
• 10:33
  mean
• 10:33
  again,
• 10:33
  apartment
• 10:34
  living
• 10:34
  is
• 10:34
  fantastic.
• 10:35
  You
• 10:35
  know,
• 10:36
  a
• 10:36
  lot
• 10:36
  of
• 10:36
  people
• 10:36
  who
• 10:37
  actually
• 10:37
  do
• 10:37
  live
• 10:38
  in
• 10:38
  apartments,
• 10:39
  especially
• 10:39
  as
• 10:39
  you
• 10:39
  get
• 10:39
  to
• 10:40
  my
• 10:40
  age,
• 10:40
  and
• 10:40
  people
• 10:40
  are
• 10:41
  like,
• 10:41
  how
• 10:41
  do
• 10:41
  I
• 10:41
  get
• 10:41
  rid
• 10:41
  of
• 10:42
  these
• 10:42
  teenage
• 10:42
  children?
• 10:42
  I
• 10:43
  know
• 10:43
  I'm
• 10:43
  moving
• 10:43
  to
• 10:44
  a
• 10:44
  two
• 10:44
  bedroom
• 10:44
  apartment,
• 10:44
  they
• 10:45
  won't
• 10:45
  want
• 10:45
  to
• 10:45
  live
• 10:45
  with
• 10:45
  me
• 10:45
  there.
• 10:46
  There's
• 10:46
  no
• 10:46
  bedroom
• 10:47
  for
• 10:47
  you
• 10:47
  now.
• 10:47
  Out
• 10:47
  you
• 10:47
  go.
• 10:50
  Seriously
• 10:50
  considering
• 10:50
  this
• 10:51
  myself.
• 10:52
  But
• 10:52
  look,
• 10:52
  no,
• 10:53
  it's
• 10:53
  again,
• 10:54
  it's
• 10:54
  a
• 10:54
  very
• 10:54
  different
• 10:55
  style
• 10:55
  of
• 10:55
  living
• 10:56
  and
• 10:56
  of
• 10:56
  course
• 10:57
  it
• 10:57
  just.
• 10:57
  When
• 10:58
  you
• 10:58
  think
• 10:58
  about
• 10:58
  the
• 10:58
  way
• 10:59
  in
• 10:59
  which
• 10:59
  our
• 10:59
  life
• 10:59
  evolves
• 11:00
  over
• 11:00
  time,
• 11:01
  right
• 11:01
  from
• 11:01
  leaving
• 11:02
  home
• 11:02
  to
• 11:02
  student
• 11:03
  living
• 11:03
  to
• 11:03
  then
• 11:04
  perhaps
• 11:04
  procreating
• 11:05
  or
• 11:05
  fur
• 11:05
  baby
• 11:06
  creating,
• 11:07
  you
• 11:07
  know,
• 11:07
  and
• 11:07
  what
• 11:07
  does
• 11:08
  that
• 11:08
  look
• 11:08
  like?
• 11:08
  And
• 11:08
  then
• 11:09
  you
• 11:09
  know,
• 11:09
  downsizing
• 11:10
  again
• 11:10
  and
• 11:10
  perhaps
• 11:11
  retirement
• 11:11
  or
• 11:11
  pre
• 11:12
  retirement
• 11:12
  living.
• 11:13
  You
• 11:13
  know,
• 11:13
  there
• 11:13
  are
• 11:13
  so
• 11:13
  many
• 11:14
  ways
• 11:14
  in
• 11:15
  which
• 11:15
  our
• 11:15
  life
• 11:15
  changes
• 11:16
  that
• 11:16
  our
• 11:16
  housing
• 11:16
  also
• 11:17
  changes.
• 11:17
  So
• 11:17
  I
• 11:18
  definitely
• 11:18
  don't
• 11:18
  to
• 11:18
  put
• 11:18
  people
• 11:19
  off
• 11:19
  considering,
• 11:20
  you
• 11:21
  know,
• 11:21
  apartment
• 11:21
  living
• 11:21
  because
• 11:22
  again,
• 11:22
  it
• 11:22
  certainly
• 11:23
  has
• 11:23
  its
• 11:23
  benefits.
• 11:24
  Just
• 11:24
  about
• 11:24
  thinking
• 11:25
  through
• 11:25
  and
• 11:25
  understanding
• 11:26
  all
• 11:26
  those
• 11:26
  nuances
• 11:27
  that
• 11:27
  come
• 11:27
  with
• 11:28
  it
• 11:28
  100%.
• 11:29
  I
• 11:29
  just
• 11:29
  think
• 11:29
  as
• 11:29
  long
• 11:30
  as
• 11:30
  you
• 11:30
  go
• 11:30
  in
• 11:30
  eyes
• 11:30
  wide
• 11:30
  open
• 11:31
  and
• 11:31
  then
• 11:31
  you
• 11:31
  know
• 11:31
  what
• 11:32
  you're
• 11:32
  looking
• 11:32
  for
• 11:33
  because
• 11:33
  there's
• 11:33
  apartments
• 11:34
  and
• 11:34
  then
• 11:34
  there's
• 11:34
  apartments.
• 11:35
  And
• 11:35
  it's
• 11:35
  just
• 11:36
  you've
• 11:36
  really
• 11:36
  got
• 11:36
  to
• 11:36
  know
• 11:37
  a
• 11:37
  little
• 11:37
  bit
• 11:37
  about
• 11:38
  this.
• 11:38
  When
• 11:38
  we're
• 11:39
  talking
• 11:39
  hundreds
• 11:39
  of
• 11:40
  thousands
• 11:40
  of
• 11:40
  dollars,
• 11:40
  just
• 11:41
  a
• 11:41
  little
• 11:41
  bit
• 11:41
  of
• 11:41
  research
• 11:42
  can
• 11:42
  make
• 11:42
  such
• 11:42
  a
• 11:43
  huge
• 11:43
  difference.
• 11:44
  You
• 11:44
  mentioned
• 11:45
  before
• 11:45
  about
• 11:46
  how
• 11:46
  the
• 11:47
  property
• 11:47
  market
• 11:47
  does
• 11:48
  slowly
• 11:48
  change
• 11:48
  over
• 11:49
  time
• 11:49
  as
• 11:50
  we
• 11:50
  get
• 11:51
  different
• 11:51
  cultures
• 11:52
  coming
• 11:52
  through
• 11:52
  or
• 11:52
  even
• 11:53
  just
• 11:53
  the
• 11:53
  impact
• 11:53
  of
• 11:53
  people
• 11:54
  who've
• 11:54
  lived
• 11:54
  overseas
• 11:55
  and
• 11:55
  come
• 11:55
  back
• 11:55
  and
• 11:55
  it's
• 11:56
  maybe
• 11:56
  changed
• 11:56
  their
• 11:56
  perspective
• 11:57
  on
• 11:57
  what
• 11:57
  they
• 11:57
  want
• 11:57
  from
• 11:58
  a
• 11:58
  house.
• 11:58
  And
• 11:58
  I
• 11:58
  think
• 11:59
  that's
• 11:59
  a
• 11:59
  really
• 11:59
  good
• 12:00
  point.
• 12:00
  So
• 12:00
  when
• 12:01
  we
• 12:01
  look
• 12:01
  overseas
• 12:02
  at
• 12:02
  the
• 12:02
  overseas
• 12:03
  example
• 12:03
  of
• 12:03
  how
• 12:03
  apartments
• 12:04
  are
• 12:04
  treated
• 12:04
  and
• 12:05
  enjoyed,
• 12:05
  do
• 12:05
  you
• 12:06
  think
• 12:06
  there's
• 12:06
  any
• 12:06
  elements
• 12:06
  of
• 12:07
  that
• 12:07
  that
• 12:07
  might
• 12:07
  come
• 12:08
  into
• 12:08
  New
• 12:08
  Zealand?
• 12:09
  I
• 12:09
  do
• 12:09
  think
• 12:10
  there
• 12:10
  is
• 12:10
  because
• 12:11
  what
• 12:11
  is
• 12:12
  deemed
• 12:12
  to
• 12:12
  be
• 12:12
  a
• 12:13
  family
• 12:14
  home,
• 12:14
  again
• 12:14
  in
• 12:15
  inverted
• 12:15
  commas
• 12:16
  globally,
• 12:17
  absolutely.
• 12:17
  Apartments
• 12:18
  is
• 12:19
  just
• 12:20
  the
• 12:20
  norm,
• 12:20
  you
• 12:21
  know,
• 12:21
  especially
• 12:21
  in
• 12:21
  a
• 12:21
  lot
• 12:21
  of
• 12:22
  the
• 12:22
  big
• 12:22
  cities
• 12:22
  globally,
• 12:23
  definitely,
• 12:23
  you
• 12:24
  know
• 12:24
  that
• 12:24
  they
• 12:25
  look
• 12:25
  at
• 12:25
  that
• 12:25
  as
• 12:26
  a
• 12:26
  family
• 12:26
  home.
• 12:26
  Now
• 12:26
  I
• 12:27
  know
• 12:27
  there's
• 12:27
  a
• 12:27
  small
• 12:27
  amount
• 12:28
  of
• 12:28
  inversion
• 12:28
  from
• 12:28
  that
• 12:29
  from
• 12:29
  locals.
• 12:30
  So
• 12:30
  Kiwi's
• 12:31
  sort
• 12:31
  of
• 12:31
  thinking
• 12:31
  that
• 12:31
  perhaps
• 12:31
  a
• 12:32
  apartment
• 12:32
  isn't
• 12:33
  really
• 12:33
  again
• 12:34
  a
• 12:34
  vertical
• 12:34
  commas
• 12:35
  family
• 12:35
  home.
• 12:36
  But
• 12:36
  I
• 12:36
  do
• 12:36
  think
• 12:36
  that
• 12:37
  that
• 12:37
  changes
• 12:37
  and
• 12:38
  also
• 12:38
  vice
• 12:38
  versa.
• 12:39
  Kiwis
• 12:39
  going
• 12:39
  overseas
• 12:40
  realizing
• 12:41
  that
• 12:41
  actually
• 12:41
  that's
• 12:42
  probably
• 12:42
  if
• 12:42
  I
• 12:43
  want
• 12:43
  to
• 12:43
  live
• 12:43
  in
• 12:43
  a
• 12:43
  city,
• 12:43
  that's
• 12:44
  actually
• 12:44
  my
• 12:44
  only
• 12:44
  option
• 12:45
  really,
• 12:45
  unless
• 12:45
  I've
• 12:46
  got
• 12:46
  multi
• 12:46
  millions
• 12:47
  of
• 12:47
  pounds.
• 12:48
  And
• 12:48
  as
• 12:49
  I
• 12:49
  said
• 12:49
  again,
• 12:49
  it's,
• 12:50
  you
• 12:50
  know,
• 12:50
  life
• 12:51
  stages
• 12:51
  is
• 12:51
  a
• 12:51
  big
• 12:52
  part
• 12:52
  of
• 12:52
  it
• 12:52
  as
• 12:52
  well.
• 12:53
  People
• 12:53
  just
• 12:53
  don't
• 12:54
  want
• 12:54
  the
• 12:54
  maintenance
• 12:54
  as
• 12:55
  you
• 12:55
  get
• 12:55
  to
• 12:56
  a
• 12:56
  certain
• 12:56
  time
• 12:57
  in
• 12:57
  life
• 12:57
  and
• 12:57
  or
• 12:58
  you
• 12:58
  want
• 12:58
  to
• 12:58
  do
• 12:58
  different
• 12:58
  things
• 12:59
  with
• 12:59
  your
• 12:59
  weekends
• 13:00
  or
• 13:00
  your
• 13:00
  after
• 13:01
  work,
• 13:01
  you
• 13:01
  know,
• 13:01
  hours.
• 13:02
  And
• 13:03
  so
• 13:03
  I
• 13:03
  do
• 13:03
  think
• 13:04
  that
• 13:04
  that's
• 13:04
  really
• 13:04
  interesting.
• 13:05
  It
• 13:05
  does
• 13:05
  change
• 13:05
  a
• 13:06
  bit
• 13:06
  of
• 13:06
  perspective
• 13:07
  as
• 13:07
  New
• 13:07
  Zealand
• 13:07
  grows
• 13:08
  up
• 13:08
  a
• 13:08
  bit.
• 13:09
  And
• 13:09
  I
• 13:09
  think,
• 13:09
  you
• 13:09
  know,
• 13:10
  with
• 13:10
  us
• 13:10
  implementing
• 13:11
  KiwiSaver
• 13:12
  in
• 13:12
  2007
• 13:13
  and
• 13:13
  our
• 13:13
  country
• 13:14
  becoming
• 13:14
  more
• 13:15
  wealthy
• 13:15
  and
• 13:15
  we're
• 13:15
  starting
• 13:16
  to
• 13:16
  think
• 13:16
  about
• 13:16
  things
• 13:17
  and
• 13:17
  is
• 13:17
  a
• 13:17
  little
• 13:18
  bit
• 13:18
  more
• 13:18
  mature
• 13:19
  in
• 13:19
  terms
• 13:19
  of
• 13:20
  where
• 13:20
  we're
• 13:20
  at
• 13:20
  financially
• 13:21
  as
• 13:21
  a
• 13:21
  country
• 13:22
  and
• 13:22
  then
• 13:22
  what
• 13:22
  that
• 13:23
  looks
• 13:23
  like
• 13:23
  and
• 13:23
  how
• 13:23
  that
• 13:24
  flows
• 13:24
  onto
• 13:24
  all
• 13:24
  the
• 13:25
  different
• 13:25
  areas
• 13:26
  and
• 13:26
  which
• 13:26
  makes
• 13:26
  our
• 13:27
  economy
• 13:27
  grow
• 13:28
  and
• 13:28
  be
• 13:28
  better.
• 13:29
  And
• 13:29
  you
• 13:29
  know,
• 13:29
  I
• 13:29
  think
• 13:29
  housing
• 13:30
  very
• 13:30
  much
• 13:30
  is
• 13:31
  a
• 13:31
  part
• 13:31
  of
• 13:31
  that
• 13:31
  and
• 13:31
  people
• 13:32
  start
• 13:32
  to
• 13:32
  kind
• 13:33
  of
• 13:33
  unshackle
• 13:34
  themselves
• 13:34
  from
• 13:35
  those
• 13:35
  perhaps
• 13:35
  past
• 13:36
  beliefs
• 13:36
  or
• 13:36
  perhaps
• 13:37
  what
• 13:37
  our
• 13:37
  parents
• 13:37
  or
• 13:38
  our
• 13:38
  grandparents
• 13:38
  thought
• 13:39
  and
• 13:40
  looking
• 13:41
  at
• 13:41
  ways
• 13:41
  in
• 13:41
  which
• 13:41
  we
• 13:42
  can
• 13:42
  be
• 13:42
  more
• 13:42
  efficient
• 13:43
  as
• 13:43
  an
• 13:43
  economy
• 13:43
  or
• 13:44
  we
• 13:44
  can,
• 13:44
  you
• 13:44
  know,
• 13:45
  again,
• 13:45
  when
• 13:45
  we're
• 13:45
  growing
• 13:45
  our
• 13:46
  public
• 13:46
  transport
• 13:46
  sector,
• 13:47
  well,
• 13:47
  that
• 13:47
  requires
• 13:48
  a
• 13:48
  concentrated
• 13:48
  amount
• 13:49
  of
• 13:49
  people
• 13:49
  in
• 13:49
  one
• 13:50
  area.
• 13:50
  So
• 13:50
  therefore
• 13:51
  living
• 13:51
  has
• 13:51
  to
• 13:51
  be
• 13:52
  more
• 13:52
  concentrated.
• 13:53
  So
• 13:53
  I
• 13:53
  do
• 13:53
  think
• 13:54
  that
• 13:54
  as
• 13:54
  we
• 13:54
  grow
• 13:55
  up
• 13:55
  as
• 13:55
  a
• 13:55
  country,
• 13:56
  as
• 13:56
  we
• 13:56
  get
• 13:56
  influence
• 13:57
  from
• 13:57
  the
• 13:58
  global
• 13:58
  markets
• 13:58
  and
• 13:59
  how
• 13:59
  other
• 14:00
  cities
• 14:00
  and
• 14:00
  countries
• 14:00
  are
• 14:01
  working
• 14:01
  really
• 14:01
  well,
• 14:02
  we'll
• 14:02
  start
• 14:03
  to
• 14:03
  see
• 14:03
  that
• 14:03
  shift
• 14:04
  again
• 14:04
  over
• 14:04
  the
• 14:05
  next
• 14:05
  sort
• 14:05
  of
• 14:05
  10,
• 14:05
  15
• 14:06
  years.
• 14:07
  Yeah,
• 14:07
  yeah,
• 14:07
  I
• 14:08
  think
• 14:08
  you're
• 14:08
  really
• 14:08
  onto
• 14:09
  something
• 14:09
  there.
• 14:10
  So
• 14:10
  if
• 14:10
  we
• 14:10
  did
• 14:11
  See
• 14:11
  some
• 14:11
  of
• 14:11
  these
• 14:12
  changes
• 14:12
  go
• 14:12
  ahead.
• 14:13
  Obviously
• 14:13
  they've
• 14:13
  only
• 14:13
  been
• 14:13
  sort
• 14:14
  of
• 14:14
  talked
• 14:14
  about
• 14:14
  at
• 14:14
  this
• 14:15
  moment.
• 14:15
  But
• 14:15
  if
• 14:15
  we
• 14:16
  did
• 14:16
  see
• 14:16
  some
• 14:17
  loosening
• 14:17
  of
• 14:17
  the
• 14:17
  rules
• 14:18
  around
• 14:18
  the
• 14:19
  size
• 14:19
  of
• 14:19
  apartments,
• 14:20
  who
• 14:20
  do
• 14:21
  you
• 14:21
  think
• 14:21
  that
• 14:21
  would
• 14:21
  impact
• 14:21
  the
• 14:21
  most?
• 14:22
  I
• 14:22
  mean
• 14:22
  obviously
• 14:22
  some
• 14:22
  of
• 14:22
  the
• 14:22
  big
• 14:23
  categories
• 14:23
  first.
• 14:23
  Home
• 14:24
  buyers,
• 14:24
  family
• 14:24
  buyers,
• 14:25
  investors.
• 14:25
  And
• 14:26
  what
• 14:26
  sort
• 14:26
  of
• 14:26
  buyer
• 14:27
  do
• 14:27
  you
• 14:27
  think
• 14:28
  this
• 14:28
  could
• 14:28
  impact?
• 14:29
  Yeah,
• 14:30
  what
• 14:30
  I
• 14:30
  will
• 14:30
  say
• 14:30
  is,
• 14:30
  well
• 14:30
  we've
• 14:31
  got
• 14:31
  to
• 14:31
  remember
• 14:31
  that
• 14:31
  they
• 14:31
  still
• 14:31
  have
• 14:32
  to
• 14:32
  adhere
• 14:32
  to
• 14:32
  the
• 14:32
  building
• 14:32
  standards.
• 14:33
  So
• 14:33
  you
• 14:34
  know,
• 14:34
  while
• 14:34
  they
• 14:34
  can
• 14:34
  be
• 14:35
  smaller
• 14:35
  in
• 14:35
  footprint,
• 14:36
  they
• 14:36
  still
• 14:36
  need
• 14:37
  to
• 14:37
  be
• 14:37
  warm,
• 14:37
  dry,
• 14:38
  have
• 14:38
  certain
• 14:38
  ceiling
• 14:39
  heights,
• 14:39
  you
• 14:39
  know,
• 14:39
  have
• 14:39
  certain
• 14:40
  doors
• 14:40
  in
• 14:40
  the
• 14:41
  right
• 14:41
  places
• 14:41
  so
• 14:41
  that
• 14:42
  the
• 14:42
  toilet's
• 14:42
  not
• 14:42
  too
• 14:42
  close
• 14:43
  to
• 14:43
  the
• 14:43
  kitchen
• 14:43
  and
• 14:43
  things
• 14:43
  like,
• 14:44
  you
• 14:44
  know,
• 14:44
  so
• 14:44
  there's
• 14:44
  certainly,
• 14:45
  you
• 14:45
  know,
• 14:45
  we've
• 14:45
  got
• 14:45
  to
• 14:45
  remember
• 14:46
  that
• 14:46
  we,
• 14:46
  that
• 14:47
  those
• 14:47
  pieces
• 14:47
  still
• 14:48
  need
• 14:48
  to
• 14:48
  be
• 14:48
  met.
• 14:48
  But
• 14:49
  I,
• 14:49
  look,
• 14:49
  I
• 14:50
  do
• 14:50
  think
• 14:50
  that
• 14:51
  it
• 14:51
  could
• 14:52
  impact
• 14:52
  perhaps
• 14:53
  student
• 14:54
  living,
• 14:55
  you
• 14:55
  know,
• 14:55
  could
• 14:56
  impact
• 14:56
  those
• 14:57
  depending
• 14:57
  on
• 14:58
  the
• 14:58
  financial
• 14:59
  viability
• 15:00
  of
• 15:00
  it.
• 15:00
  It
• 15:01
  could
• 15:01
  impact
• 15:01
  people
• 15:01
  willing
• 15:02
  to
• 15:02
  be
• 15:02
  first
• 15:02
  time
• 15:02
  investors,
• 15:03
  you
• 15:04
  know,
• 15:04
  if
• 15:04
  they
• 15:04
  are
• 15:04
  really
• 15:04
  quite
• 15:05
  cost
• 15:05
  effective
• 15:06
  as
• 15:07
  a
• 15:08
  solution
• 15:08
  to
• 15:09
  be
• 15:09
  able
• 15:09
  to
• 15:09
  purchase
• 15:10
  and
• 15:10
  you
• 15:10
  can
• 15:11
  actually
• 15:11
  rent
• 15:11
  them
• 15:11
  out
• 15:11
  for
• 15:12
  you
• 15:12
  know,
• 15:12
  a
• 15:12
  relatively
• 15:13
  good
• 15:13
  weekly
• 15:13
  rent
• 15:14
  because
• 15:14
  they
• 15:14
  are
• 15:15
  so
• 15:15
  central
• 15:15
  or
• 15:16
  they're
• 15:16
  right
• 15:16
  above
• 15:16
  the
• 15:16
  university
• 15:17
  or
• 15:17
  they
• 15:18
  set
• 15:18
  as
• 15:18
  by
• 15:18
  a
• 15:18
  certain
• 15:19
  demand
• 15:20
  for
• 15:20
  a
• 15:20
  rental
• 15:20
  property.
• 15:21
  Perhaps
• 15:22
  that
• 15:22
  is
• 15:22
  an
• 15:22
  area
• 15:22
  again
• 15:23
  I
• 15:23
  would
• 15:23
  caution
• 15:23
  that
• 15:24
  because
• 15:24
  of
• 15:24
  course
• 15:24
  the
• 15:25
  lending
• 15:25
  on
• 15:25
  apartments
• 15:26
  is
• 15:26
  quite
• 15:26
  different
• 15:26
  and
• 15:27
  you
• 15:27
  know,
• 15:27
  investors
• 15:28
  coming
• 15:29
  into
• 15:29
  the
• 15:29
  market
• 15:29
  and
• 15:30
  needing
• 15:30
  those
• 15:30
  increased
• 15:31
  loan
• 15:31
  to
• 15:31
  value
• 15:31
  ratios
• 15:32
  at
• 15:32
  the
• 15:32
  moment
• 15:32
  as
• 15:33
  we
• 15:33
  stand.
• 15:33
  So
• 15:34
  of
• 15:34
  course
• 15:34
  you
• 15:34
  need
• 15:34
  to
• 15:34
  look
• 15:35
  into
• 15:35
  all
• 15:35
  of
• 15:35
  those
• 15:35
  things.
• 15:35
  But
• 15:35
  I
• 15:36
  do
• 15:36
  think,
• 15:36
  you
• 15:36
  know,
• 15:36
  it
• 15:37
  could
• 15:37
  give
• 15:37
  people
• 15:38
  who
• 15:38
  are
• 15:38
  looking
• 15:38
  for
• 15:39
  their
• 15:39
  first
• 15:39
  investment
• 15:39
  property
• 15:40
  perhaps
• 15:40
  another
• 15:41
  option
• 15:42
  that
• 15:42
  kind
• 15:42
  of
• 15:42
  student
• 15:43
  living
• 15:43
  or
• 15:43
  even
• 15:44
  you
• 15:44
  know,
• 15:44
  single
• 15:44
  living
• 15:45
  if
• 15:45
  you're
• 15:45
  single,
• 15:46
  someone
• 15:46
  who
• 15:46
  wants
• 15:46
  to
• 15:46
  just
• 15:46
  enjoy
• 15:47
  a
• 15:47
  city,
• 15:48
  not
• 15:48
  spend
• 15:48
  a
• 15:48
  lot
• 15:49
  of
• 15:49
  time
• 15:49
  at
• 15:49
  home
• 15:49
  and
• 15:50
  you
• 15:50
  know,
• 15:50
  join
• 15:51
  clubs
• 15:51
  and
• 15:51
  go
• 15:51
  to
• 15:51
  restaurants
• 15:52
  at
• 15:52
  night.
• 15:52
  And
• 15:53
  again,
• 15:53
  as
• 15:53
  our
• 15:53
  cities
• 15:54
  mature
• 15:54
  and
• 15:54
  those
• 15:55
  things
• 15:55
  become
• 15:56
  available
• 15:56
  to
• 15:56
  people
• 15:56
  living
• 15:57
  here,
• 15:57
  you
• 15:57
  know,
• 15:57
  I
• 15:58
  think
• 15:58
  that
• 15:58
  there's
• 15:59
  the
• 15:59
  way
• 15:59
  in
• 15:59
  which
• 15:59
  we
• 16:00
  evolve
• 16:00
  our
• 16:00
  lives.
• 16:01
  You
• 16:01
  know,
• 16:01
  this
• 16:02
  could
• 16:02
  be
• 16:02
  a
• 16:02
  good
• 16:02
  opportunity
• 16:03
  for
• 16:03
  people
• 16:03
  who,
• 16:04
  you
• 16:04
  know,
• 16:04
  don't
• 16:05
  necessarily
• 16:06
  want
• 16:06
  to
• 16:06
  spend
• 16:06
  lots
• 16:07
  of
• 16:07
  time
• 16:07
  in
• 16:07
  their
• 16:07
  particular
• 16:08
  house
• 16:08
  and
• 16:09
  actually
• 16:09
  they
• 16:09
  just
• 16:09
  want
• 16:10
  to
• 16:10
  enjoy
• 16:10
  a
• 16:10
  vibrant
• 16:10
  city
• 16:11
  and
• 16:11
  can
• 16:11
  do
• 16:11
  that
• 16:11
  in
• 16:11
  a
• 16:11
  more
• 16:11
  cost
• 16:12
  effective
• 16:12
  manner.
• 16:13
  Yeah,
• 16:13
  yeah,
• 16:14
  really
• 16:14
  interesting
• 16:14
  points
• 16:14
  on
• 16:15
  that.
• 16:15
  Thank
• 16:15
  you
• 16:15
  so
• 16:15
  much.
• 16:15
  Vanessa
• 16:16
  Williams
• 16:16
  Realestate
• 16:16
  Co
• 16:17
  NZ
• 16:17
  now
• 16:18
  if
• 16:18
  you
• 16:18
  have
• 16:18
  a
• 16:18
  question,
• 16:19
  you've
• 16:19
  seen
• 16:19
  something
• 16:19
  in
• 16:20
  the
• 16:20
  news
• 16:20
  that
• 16:20
  you're
• 16:20
  confused
• 16:21
  about
• 16:21
  or
• 16:21
  you're
• 16:21
  just
• 16:21
  thinking
• 16:21
  about
• 16:22
  housing
• 16:22
  market
• 16:22
  in
• 16:22
  general,
• 16:23
  send
• 16:23
  it
• 16:23
  to
• 16:23
  us.
• 16:24
  We
• 16:24
  want
• 16:24
  to
• 16:24
  do
• 16:24
  a
• 16:24
  deep
• 16:24
  dive
• 16:25
  on
• 16:25
  your
• 16:25
  behalf.
• 16:26
  Askancescook.co.nz
• 16:29
  is
• 16:29
  the
• 16:29
  email
• 16:29
  to
• 16:29
  send
• 16:30
  it
• 16:30
  through
• 16:30
  to
• 16:31
  pull
• 16:31
  Vanessa
• 16:31
  back
• 16:32
  into
• 16:32
  the
• 16:32
  hot
• 16:32
  seat
• 16:32
  to
• 16:33
  get
• 16:33
  all
• 16:33
  those
• 16:33
  questions
• 16:34
  answered
• 16:34
  for
• 16:34
  you.
• 16:34
  Until
• 16:35
  next
• 16:35
  time,
• 16:35
  have
• 16:35
  a
• 16:35
  great
• 16:36
  day.
• 16:38
  This
• 16:38
  podcast
• 16:39
  can
• 16:39
  only
• 16:39
  give
• 16:39
  you
• 16:39
  general
• 16:40
  information
• 16:40
  about
• 16:41
  how
• 16:41
  things
• 16:41
  work
• 16:42
  in
• 16:42
  most
• 16:42
  situations.
• 16:43
  It's
• 16:44
  not
• 16:44
  individual
• 16:44
  financial
• 16:45
  advice.
• 16:46
  If
• 16:46
  you're
• 16:46
  after
• 16:46
  that,
• 16:47
  a
• 16:47
  financial
• 16:47
  advisor.
• 16:48
  Is
• 16:48
  always
• 16:48
  the
• 16:49
  best
• 16:49
  bet.