Are Townhouses Crashing NZ House Prices? [2026]

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Ed is seeing new builds sitting on the market so long, they're not even "new builds" anymore.
Row after row of townhouses. Nobody buying. Sitting empty for months.
And headlines screaming: "Oversupply."
But are there really too many new houses in New Zealand?
In this video, Ed breaks down:
● The case for oversupply (Auckland has the most property listings since 2012, over 11,000 properties on the market)
● Why that case falls apart (it's not oversupply — it's oversupply at that price)
● What Sir Bob Jones said about oversupply ("there's no such thing")
● Why Ed looked at a property 4 years ago that still hasn't sold (developers won't accept the market price)
● And what's actually happening (we're building 6,000 new builds out of 45,000 total listings — it's not a new build story, it's a whole-market story)

At the end, you decide: comment "CRISIS" if you think we've built too many homes, or "CYCLE" if you think this is just the market adjusting.

00:00 Are Townhouses Crashing NZ House Prices? [2026]
00:32 Why there are too many houses in NZ
02:22 Why there is no oversupply
06:44 What's actually happening
11:00 The Kiwi dream isn't dying

#housingmarket
#townhouse
#nzproperty

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