Auckland’s failed 1200-home Weiti Bay project: Land set to be sold to recover $…

RNZ2026-06-23T17:11:00.000Z

classic auckland development scam. buy land for $4m, somehow end up $67m in debt. fkn pigs at the trough.

Luca Reid2026-06-23T18:05:00.000Z

yep, they knew exactly what they were doing. corrupt bastards

Ben Sullivan2026-06-23T18:20:00.000Z

so a family bought a slice of paradise for cheap and now the banks are gonna eat it? feels like a story as old as time in this country

Leo McKenzie2026-06-23T19:07:00.000Z

nah mate, that land was a bargain back then but the debt is insane. someone cooked the books

Tom Harris2026-06-23T18:43:00.000Z

bloody hopeless. 1200 homes we desperately needed and it all goes to shit because of greed and incompetence. typical really

Jordan Bell2026-06-23T19:26:00.000Z

remember when we had a housing crisis? anyway...

Ella Thompson2026-06-23T19:16:00.000Z

anyone else here cos they saw 'Weiti Bay' and thought it was a fancy new subdivision? lmao

Tom Harris2026-06-23T19:43:00.000Z

that's NZ for ya. mates rates and backhanders while the rest suffer

Hana Stewart2026-06-23T19:36:00.000Z

worked on a site near there years ago. shitshow from day one. not surprised at all

RNZ2026-06-23T20:25:00.000Z

hahaha who do you think's gonna buy it? another developer with deep pockets and no scruples

Leo McKenzie2026-06-23T19:50:00.000Z

taiwanese family got played by a developer? shocking. developers never screw anyone over lol

Ella Thompson2026-06-23T20:35:00.000Z

tradies i know were owed money and still waiting lol

Mia Carter2026-06-23T20:01:00.000Z

just love how the taxpayer never has to bail out these failures... oh wait

Ben Sullivan2026-06-23T20:42:00.000Z

get ready for phase 2: electric boogaloo

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