part of this is if I were the Landlord CommonSense404 Lets see, a $300,000 apartment divided by say $5,000/m to build, thats...um,...err,...60 square metres. That'll work for a family of 4. Or perhaps not. conwaycaptain Len Brown keeps saying he wasnt Akl to be the most liveable city in the world. GREAT however he wants to shove another 1 million people into the narrowest part of NZ and house them in apartment blocks for thw lower income groups. Now if you go to London, NY, Paris etc etc you will find that these areas are in the slums!!! What is needed is to stop the population explosion in Akl and get businesses etc to move out to the Provinces. The way things re going Akl will end up like a Tokyo in the S Pacific where Akl merges into Huntly and into Hamilton and on to Tauranga. Tokyo has merged into Kawasaki, Yokohama and as you move down the coast tehre is hardly any differntiation as you get to Nagoya, Yokkaichi etc. ttp://twitter.com/Orcs2Elves Monique Angel 50% LVR is what banks lend on apartments, if that. Apartments are the biggest crap investment and were only valid in a portfolio with the previous depreciation schedules and a good flow of tourists who would live and work for at east a year, giving a reasonable occupancy. In Vino Veritas Correct Monique. Many years ago, I had the option to buy an apartment on Courtney Place in Wlg. I took a mate of mine