Vanessa Williams

Terrible photos.

I didn't really want to go and see it.

And now it's come to the market.

Huh, I wonder what's wrong with it, you know.

Think about it really seriously before you do bring your house to market yourself if you are not a real estate professional.

And the other thing DIYing that I wouldn't do is I wouldn't skimp on marketing.

And this is it, like you sort of think about, it's kind of crazy to me because sort of the average marketing cost can be anywhere between $5,000 and $7,000 for a house.

When you think about $850 to $1 million on average at New Zealand, when you do that as a percentage, really think about what it is and how much more money you can get out of that if it is a well-marketed, well-presented property.

I have seen these reports as well.

And I was probably a little bit like, OK, we do have a housing shortage.

You know, we do need some more supply, some more housing.

But a shoebox apartment is the right way to go about it.

And look, I actually looked over the last sort of 10 years worth of data.

realistically, the average apartment size has stayed pretty much consistent for the past 10 years.

Might have fluctuated one or two square meters, but it's pretty much stayed the same size.

And while investors can build these apartments, they've still got to be demand on the other end for people wanting to live in them and or buy them, right?

The maths on that really does have to make sense.

So while I think it's interesting that there has been a lot of talk around removing that minimum square meterage, whether that actually translates or not, I think is yet to be seen because again, any investment has still got to make good financial sense and you need their ability to be able to offload it, sell it, rent it at the other end.

And

I'm just not sure anything too small is probably going to be that appealing, especially there is actually quite a lot of apartments, varying sizes, varying balconies, varying amenities, of course, all the rest of it.