TENANTS STRUGGLING TO FIND NEW HOMES (NEW ZEALAND)
Posted on February 25, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Again, well heralded but now ‘coming home to roost’ is the situation where lack of building, a growing population and a constant stream of immigrants seeking homes, NZers overseas sending money home to buy…..are all adding up to a major and concerning lack of rental vacancies virtually nationwide.
Concurrently investors are in some areas looking to buy into the market and expand the rental capacity but they too are struggling with lack of listings to choose from. First home owners are buying lower and mid-market properties too. So, it’s a good time to be a property investor and a tough time for many prospective tenants.
Filed under: REAL ESTATE | Tagged: Real Estate