PHOTO: 123RF – Through most of the country, building new is more expensive than buying an existing property.

ANALYSIS: It seems that everywhere you look at the moment, you’re faced with advertisements for new property developments.

Auckland building consent numbers are back to rates last seen in the 1970s. The Government is in on the act, too, backing developers via KiwiBuild everywhere from Te Kauwhata to Wanaka.

But, with house prices softening around the country, is building new better for buyers than opting for an existing house?

Here’s a look at the arguments for and against building new.



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