u/Next_Rock_951 — reddlx

Currently working through a small property project (in Auckland) and thought I’d share a bit of the process and see what people think.

Beginning to build 13 Town houses starting from $559 (2 bedroom) and going up to mid 600's (3beddy).

It’s been interesting seeing how the numbers actually play out vs what you read online. Between interest rates, build costs, and timelines, there’s not a lot of margin for error right now. Definitely not the “easy money” people used to talk about.

I’m curious how others are approaching deals in the current market:

Are you still buying?
Sitting on the sidelines?
Only going for high-margin/value-add stuff?

Also interested in what buyers are actually looking for at the moment. Has been hard to do pre sales at the moment, and just thought there would be more interest.