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Thread: Flee!

  1. #1
    Join Date
    Oct 2013
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    1,509

    Default Flee!

    Mum and dad investors 'fleeing' property, financier says

    http://www.nzherald.co.nz/personal-f...ectid=11973924



    Jackson said while many of the changes may result in rent increases, rental yields aren't expected to change.


    ...Wait, what now? Is "Jackson" expecting capital gain to continue increasing at least in line with rents? If not, how can rents go up but yields not change?
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  2. #2
    Join Date
    Aug 2003
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    Default

    It's another headache for Labour - many investors are seling up and avail. properties for rent are drying up....so that means more motels get the Gov'ts business . I wonder what the daily spend on motels rooms for the Gov't is now? It's sure to be keeping that industry going esp. in some areas.

    cheers,

    Donna
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  3. #3
    Join Date
    Jul 2005
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    NZ
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    926

    Default

    Quote Originally Posted by donna View Post

    It's another headache for Labour

    properties for rent are drying up....
    Not necessarily.

    Hopefully first home buyers will get the opportunity to purchase some of these properties.

    Unless the greedies get in first.
    Last edited by Aston; 12-01-2018 at 05:45 PM.

  4. #4
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    Apr 2004
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    Auckland
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    Just wait until they put taxes up on tenants again.
    Good bye -ve gearing, hello more rent rises.

    Shares, commercial property and overseas investments instead me thinks.
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  5. #5
    Join Date
    Jan 2005
    Location
    Auckland Central
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    165

    Default

    When the Herald puts quote marks around words in their headlines it means rubbish clickbait.

    What percentage of property investors selling equates to ‘fleeing’ the market?

  6. #6
    Join Date
    Nov 2006
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    The one question asked initiated a greedy landlords response.

    Pity they didn't ask (or at least publish) the question: How is a tenant child different from an owner child?

  7. #7
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    13,316

    Default

    Just another bit of speculation, really.
    Growing numbers of mum and dad investors are looking to ditch their property investments on the back of tougher landlord conditions, according to the boss of a peer to peer mortgage lender.
    Get back to us, after the fact, people.
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  8. #8
    Join Date
    Aug 2003
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    Default

    What's not being mentioned is a lot of Landlords are baby boomers so they're just selling up as planned for their retirement. I'd like to see a journalistic piece on that.

    Are Landlords fleeing the market due to rules and regulations changes or is it just rate of attrition due to older Landlords selling up? I'll see if Diana Clement is interested in doing it.

    cheers,

    Donna
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  9. #9
    Join Date
    Sep 2004
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    Hastings
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    Quote Originally Posted by Aston View Post
    Hopefully first home buyers will get the opportunity to purchase some of these properties.
    Not necessarily.

    I know at least two local LLs whose tenants would like to buy their rentals.

    They can't afford to.

    I suspect that will be a very common problem, nationwide.
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  10. #10

    Default

    Quote Originally Posted by donna View Post
    Are Landlords fleeing the market due to rules and regulations changes or is it just rate of attrition due to older Landlords selling up?
    I personally know two M&D LL’s who have just sold up out of fear of new and possible up and coming “anti-LL” laws. Neither are considering retirement just yet.

    Six 1 & 2 br flats all snapped up by other more resilient investors. No first home owners were made in the signing of these transactions and only tenants were harmed with rent increases. Win for .....?


 

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