A couple days late in posting this, but still relevant I think
The rest of the article is here.
8:00AM Tuesday June 24, 2008
To rent or to buy? That is the question.
A significant number of would-be vendors have taken their houses off the market and chosen to rent them out instead, a study of rental property shows.
"The 50 per cent fall in the number of houses sold compared to 2007 was reinforcing renting as the better option," said Professor Bob Hargreaves of Massey University's Real Estate Analysis Unit.
To rent or to buy? That is the question.
A significant number of would-be vendors have taken their houses off the market and chosen to rent them out instead, a study of rental property shows.
"The 50 per cent fall in the number of houses sold compared to 2007 was reinforcing renting as the better option," said Professor Bob Hargreaves of Massey University's Real Estate Analysis Unit.
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