How To Buy An Apartment

BNZ economist Tony Alexander warns the Kiwi property market has reached a cyclical high and is heading downwards.

As a result, he says, "the list of negatives" is growing, including rising interest rates, slower population growth and a boom in apartment supply, particularly in Auckland.

And that's before you begin to assess and compare the individual apartments themselves.

At the end of last year, there were more than 8,500 apartments in Auckland's central business district. Another 7,770 were in planning or being built, according to Bayleys Real Estate.

Read More - Opens in a new window