The As Is Market in Christchurch | Ep. 74

In this episode, we discuss Christchurch's 'As Is' Market. The Christchurch earthquakes were devasting for homeowners in the Canterbury region. Many were left unlivable and there was a severe housing shortage in the city. 

After homeowners were paid out, and the EQC had made repairs to properties, it was clear that there were still properties that needed work. This created the 'As Is' market.

These are properties that still require work and repairs before they can be brought up to code and to an acceptable standard. Developers will buy these properties, repair them and sell them back on the open market – often generating a significant return. 

During the show, Nick reveals the real numbers and talks openly about the difference between the real numbers and the vanity metrics.