Ghetto warning as property investors take lion’s share of cheap houses

  • Parts of New Zealand are in danger of becoming slums within five or 10 years if the concentration of investor purchases is allowed to continue, property experts have warned.

CoreLogic data has shown investors account for 42 per cent of Auckland’s overall sales, 38 per cent of Wellington’s and 42 per cent of Christchurch’s.

READ MORE VIA STUFF

Invest

CATHY YEULET/123RF
Investors are becoming an increasingly prominent part of the New Zealand property market.

Leave a Comment

Filed under New Zealand Property & Real Estate News, Uncategorized

Leave a Reply