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Frances Cook

πŸ‘€ Speaker
4820 total appearances
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Making Cents
Are Shoebox Apartments About To Take Over NZ?

All right, here we go.

Making Cents
Are Shoebox Apartments About To Take Over NZ?

Hi, Frances.

Making Cents
Are Shoebox Apartments About To Take Over NZ?

I've seen some headlines I'd love an expert take on.

Making Cents
Are Shoebox Apartments About To Take Over NZ?

Apparently, the government wants to scrap rules around minimum apartment sizes and things like mandatory balconies.

Making Cents
Are Shoebox Apartments About To Take Over NZ?

Does that mean we're about to get a wave of tiny shoebox apartments in New Zealand?

Making Cents
Are Shoebox Apartments About To Take Over NZ?

Part of me thinks maybe that's not the worst thing.

Making Cents
Are Shoebox Apartments About To Take Over NZ?

If smaller places are cheaper to build and buy, could that actually help people like first home buyers or at least make city living more realistic for people who don't want or can't afford a full house?

Making Cents
Are Shoebox Apartments About To Take Over NZ?

But then I also worry, are we just setting ourselves up for poor quality housing that no one actually wants long term?

Making Cents
Are Shoebox Apartments About To Take Over NZ?

And would banks even lend on super small apartments?

Making Cents
Are Shoebox Apartments About To Take Over NZ?

Would they even hold their values?

Making Cents
Are Shoebox Apartments About To Take Over NZ?

where they become the kind of places that people end up getting stuck in.

Making Cents
Are Shoebox Apartments About To Take Over NZ?

What do you think?

Making Cents
Are Shoebox Apartments About To Take Over NZ?

Is this actually likely to happen or is it more political noise than reality?

Making Cents
Are Shoebox Apartments About To Take Over NZ?

Would love your take on whether micro apartments could ease the housing shortage or just create new problems.

Making Cents
Are Shoebox Apartments About To Take Over NZ?

A lot in that.

Making Cents
Are Shoebox Apartments About To Take Over NZ?

But I think, again, this is one of those where you hear about these small apartments and people immediately do have these huge amount of questions.

Making Cents
Are Shoebox Apartments About To Take Over NZ?

It's not really something we've seen heaps of in New Zealand.

Making Cents
Are Shoebox Apartments About To Take Over NZ?

So have you seen these reports too?

Making Cents
Are Shoebox Apartments About To Take Over NZ?

And what's your take on them?

Making Cents
Are Shoebox Apartments About To Take Over NZ?

Yeah, what do we see in terms of what New Zealanders like from a property?