Rawdon Christie: real estate agent on the rise in townhouses taking too long to sell

A real estate agent says there isn't enough demand to meet the supply of townhouses. Newly constructed townhouses are sitting on the market so long that they no longer qualify as 'new builds'.  It means first-home buyers can't get low-deposit loans on the property.  Real Estate Agent Rawdon Christie says developers are shifting close to what the market wants.  "So rather than putting 15 in there, let's put 8 standalone two-story houses, which are still three-bedrooms."  LISTEN ABOVESee omnystudio.com/listener for privacy information.