Are Shoebox Apartments About To Take Over NZ?

Could the home of the future be the size of a carpark? The government is talking about scrapping minimum apartment size rules, and one Making Cents listener wants to know if that's a housing fix or a housing trap.Vanessa Williams from http://realestate.co.nz has fresh data to help us figure this out.We get into whether micro apartments could actually ease the housing shortage, what banks will and won't lend on when it comes to small apartments, and who this would most likely impact, from first home buyers, to investors, or students.Plus: how New Zealand's apartment market compares to the rest of the world, and whether our obsession with the quarter-acre dream is starting to shift.In this episode:Could scrapping minimum apartment sizes help first home buyers?What do banks actually lend on when it comes to small apartments?Are micro apartments a smart investment or a future problem?How New Zealand's property culture compares globallyWho stands to gain, and who should be cautiousIf you have a letter you’d like us to answer, send it through to ask@francescook.co.nz and you might feature on our next episode!Follow me everywhere!Facebook / https://www.facebook.com/FrancesCookNZInstagram / https://www.instagram.com/francescooknzTikTok / https://www.tiktok.com/@francescooknzJoin the Money Memo newsletter for a free weekly money tip in your inbox each week https://www.francescook.co.nz/subscribeBecome a confident sharemarket investor by signing up to the Market Memo newsletter https://www.francescook.co.nz/invest#MakingCents #FrancesCook #MakingCentsPodcast #InvestingPodcast #MoneyPodcast #FinancialFreedomProduction and video editing by Lana ByrneAudio engineering by Tash ChittockFilmed by Fanaticals