2022: The year of the super bach

2022: The year of the super bach
Te Ārai Links, homes will be 'multi-million dollar' projects in their own right. (Image: Legacy Partners)
Brent Melville
New Zealand has recorded the biggest jump in house prices anywhere on the planet since covid arrived on Aotearoa's shores.Construction is also booming, sparked by rock bottom interest rates and robust demand, particularly in the urban terrace and townhouse development space. But super-cheap finance has also been an adrenaline shot for developers at the upscale holiday home end of the market.And they, by and large, are struggling to keep up with demand.Two years ago Jim Rohrstaff had 125 sections on his books at Te Ārai Links estate, a...

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