In this episode, we discuss whether are properties are more expensive than existing properties. We also discuss the differences in LVR restrictions that have meant that existing properties require a lower deposit, compared to what they required under the RBNZ's LVR restrictions.
In particular, we walk through a case study where we compared the price of a new property on Ruskin St in Addington Christchurch with an equivalent existing property that had been built 11 years earlier.
We also mention the article, which this podcast is based on which is an analysis of new vs existing properties. You can find this article by clicking the link above.
The Property Academy Podcast