The Property Academy Podcast There's too many houses – Auckland's over supply problem⎥Ep. 1990
6 snips
Feb 21, 2025 A debate over whether Auckland now has too many houses and why that might persist. Discussion of a 2022 consent spike and delayed completions flooding the market. Data showing housing growth outpacing population and how infrastructure and council costs affect development. Talk of national policy changes, developer opportunities, and how timing in property cycles shapes future shortages or surpluses.
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2022 Consent Wave Distorts Today's Supply
- Auckland saw a spike to over 20,000 dwelling consents in 2022, but many are only being completed now which inflates current stock.
- That delivery lag can create a temporary perception of oversupply and force price discounts or fire sales by developers.
Housing Grew Faster Than Population Recently
- Between 2018–2023 Auckland housing stock rose ~12% while population grew only ~5.5%, reversing prior trends.
- The reversal reflects a COVID-era building boom plus temporary population dips, changing supply-demand dynamics.
Check Watercare Maps Before You Commit
- Check Watercare's published maps early to understand infrastructure constraints before buying or consenting land.
- Use that clarity to decide whether to pursue smaller projects or accept upgrade costs when necessary.