Frances Cook

And that is not the case in every situation, but you really do want to, I think, as you're going through the lending process, be having those honest conversations with the bank about what do you make of this property?

Because anyone who comes to buy it from you will then also have to go through that same process, right?

There's no bedroom for you now.

100%.

I just think as long as you go in eyes wide open and then you know what you're looking for, because there's apartments and then there's apartments.

And it's just, you've really got to know a little bit about this.

When we're talking hundreds of thousands of dollars, just a little bit of research can make such a huge difference.

You mentioned before about how the property market does slowly change over time as we get, you know, different cultures coming through or even just the impact of people who've lived overseas and come back and it's maybe changed their perspective on what they want from a house.

I think that's a really good point.

So when we look overseas at the overseas example of how apartments are treated and enjoyed, do you think there's any elements of that that might come into New Zealand?

Yeah.

Yeah.

I think you're really onto something there.

So if we did see some of these changes go ahead, obviously they've only been sort of talked about at this moment, but if we did see some loosening of the rules around the size of apartments, who do you think that would impact the most?

I mean, obviously some of the big categories, first home buyers, family buyers, investors, and what sort of buyer do you think this could impact?

Yeah, yeah.

Really interesting points on that.

Thank you so much, Vanessa Williams, realestate.co.nz.

Now, if you have a question, you've seen something in the news that you're confused about, or you're just thinking about housing market in general, send it to us.

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