Property Management

Crowded house

The quarter-acre section has been replaced by the quarter-acre house that critics are calling the McMansion.

Monday, December 01st 2003

If it wasn't for the din of jackhammers and the thundering trucks, you could almost hear the sneering from the city.

On the outskirts of New Zealand's major metropolitans, a sea of partially-paved streets, wrought-iron lamplights and double-height porticos is spreading. This is the official flop of the nation's pavlova paradise, a place where the largest house is erected on the smallest site for the lowest price in the shortest time. The critics call it McMansion land, mock-palaces for the masses.

Read More - Opens in a new window

Most Read

AIA - Go Home Loans 4.00
Unity First Home Buyer special 4.15
SBS FirstHome Combo 4.29
ICBC 4.49
Kainga Ora 4.59
SBS Bank Special 4.69
China Construction Bank 4.85
Co-operative Bank - First Home Special 4.89
TSB Special 4.99
Co-operative Bank - Owner Occ 4.99
ASB Bank 4.99
China Construction Bank 4.95
Kainga Ora 4.95
ICBC 4.99
SBS Bank Special 5.29
Westpac Special 5.29
Co-operative Bank - First Home Special 5.29
BNZ - Std 5.35
AIA - Go Home Loans 5.35
ANZ Special 5.35
ASB Bank 5.35
Kiwibank Special 5.39
SBS Bank Special 5.49
ICBC 5.65
Kainga Ora 5.69
ASB Bank 5.75
BNZ - Std 5.75
AIA - Go Home Loans 5.75
Westpac Special 5.75
Kiwibank Special 5.89
Co-operative Bank - First Home Special 5.89
TSB Special 5.99
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.79
CFML 321 Loans 4.20
ICBC 5.39
Co-operative Bank - Owner Occ 5.69
Co-operative Bank - Standard 5.69
Kainga Ora 5.79
Pepper Money Prime 5.99
Unity Standard 6.04
Unity Special 6.04

More Stories

Can the NZ economy grow while house prices stagnate?

Thursday, July 09th 2026

Can the NZ economy grow while house prices stagnate?

The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue.

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.