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Speaker 1: There are concerns then, instead of a shortage of housing

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Speaker 1: in Auckland, we now have too many townhouses. In fact,

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Speaker 1: some are taking so long to sell as long as

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Speaker 1: a year, that they're losing their status as new builds.

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Speaker 1: Auckland real estate agent Ruden Christie is with us now.

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Speaker 2: I Rowden, Hello, how are you doing?

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Speaker 1: I'm well thanks mate. Now what do you reckon? Is

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Speaker 1: this an oversupply of housing in general or is this

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Speaker 1: a townhouse thing?

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Speaker 2: It's a bit of both. I reckon. Here's the reality

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Speaker 2: that we all know that this what's the revised plan

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Speaker 2: change one twenty for Auckland has now one point six

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Speaker 2: million new homes, no longer two million new homes. Let's

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Speaker 2: do the maths on this. You think three people maybe

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Speaker 2: live in a house, so one point six So four

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Speaker 2: and a half million people are now being catered for

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Speaker 2: to enter Auckland in the next what twenty thirty forty years?

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Speaker 2: That ain't going to happen. So we know that that

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Speaker 2: that whole thing is just political. I mean, well certainly,

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Speaker 2: well I don't know, but that's what I assume it's.

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Speaker 2: You know, it's a political game by Chris Bishop and

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Speaker 2: the lads and lasses in Parliament, So that's one part

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Speaker 2: of the equation. But on the townhouse side of things,

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Speaker 2: which is probably where I'm slightly more informed, given the

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Speaker 2: fact that this is a sort of daily bread, there's

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Speaker 2: no doubt that the developments where you've got maybe six

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Speaker 2: eight terraced houses, three bedroom terrace houses, all in a

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Speaker 2: row on a section or you know, what was a

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Speaker 2: thousand squameter section, it's not that they're struggling to sell,

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Speaker 2: but there are so many of them that there's just

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Speaker 2: not enough demand to meet that supply. I mean that

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Speaker 2: they don't sell easily, but it's not that they're unsellable.

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Speaker 2: There's just too many of them.

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Speaker 1: So is it too much of too many of exactly

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Speaker 1: the same thing, or is it ultimately that even though

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Speaker 1: you know, even though we're talking about density, we all

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Speaker 1: really just want to stand alone house.

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Speaker 2: Well, what we're seeing is a slight change in developer

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Speaker 2: trend from the stack them in as much as you

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Speaker 2: can into that little bit of land, i e. Three stories,

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Speaker 2: three beds terrorists, so shared walls makes cheaper to build,

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Speaker 2: but they're three stories because you can get more in

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Speaker 2: there and they will each maybe have the one garage

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Speaker 2: down below and an almost impossible turning circle to actually

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Speaker 2: get into the garage because they are so clustered. We're

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Speaker 2: now seeing developers the provisor here is that, you know,

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Speaker 2: I work in a relatively well heilled part of town

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Speaker 2: where people might be able to spend a little bit

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Speaker 2: more for their home. But what we're seeing now is

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Speaker 2: them actually adopting a standalone model. Just what you said.

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Speaker 2: So rather than putting fifteen in there, let's put eight

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Speaker 2: stand alone two story houses, which are still three bedrooms

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Speaker 2: because they're two stories. They're obviously a bit cheaper to build,

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Speaker 2: despite the fact they don't have the shared wall anymore.

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Speaker 2: But the demand is so much higher for those standalone

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Speaker 2: homes that the math starts adding up, and most of

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Speaker 2: these actually potentially come with Okay, maybe the single car

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Speaker 2: park garage. Arguably a double would be great, but they'd

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Speaker 2: certainly maybe have another off street park because this is

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Speaker 2: another factor, you know, influencing buyers that we're running out

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Speaker 2: of space for the second car on the street, so

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Speaker 2: this model gives a little bit more space for everyone.

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Speaker 1: Yeah, Rden, you've said everything I think already. Thank you

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Speaker 1: very much, really appreciate your time. Rudin Christy, real estate

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Speaker 1: agent knows the Staffe.

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