Flee!

[Anthonyacat]

Mum and dad investors 'fleeing' property, financier says

http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=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?

[donna]

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

[Aston]

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.

[PC]

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.

[tim360]

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?

[Keys]

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?

[Perry]

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.

[donna]

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

[Perry]

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.

[Learning]

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 .....?

[Perry]

Tell that to the do-gooder socialists in W'gton.

They wont believe you.

Or if they concede, they'll do something extra/else that'll make matters even worse.

They seem to think that they can legislate away all life's problems.

What bothers me most about this sort of thing is just why is it that the W'gton woodenheads never learn.

Never.

[artemis]

.....

What bothers me most about this sort of thing is just why is it that the W'gton woodenheads never learn.

Never.

The current government does not have a coherent plan for what is a highly complex housing situation. There are very many levers and fiddling with them without taking into account - or even understanding - the many factors is just going to move stuff around. And piss off many investors, tenants, immigrant, buyers while pretending to solve something.

Without saying or even knowing what that something is.

[donna]

Fingers crossed our tenants will buy the IP we've decided to sell. They've been in the property nearly 10 years. We're coming to the party by not being greedy as we genuinely want them to buy it. They're first home buyers.

cheers,

Donna

P.S. we'll be on the right side of the deal too (of course) - we're not giving it away.

[Perry]

Are you assisting with vendor finance?

[Perry]

The current government does not have a coherent plan for what is a highly complex housing situation.

The only thing about that is that we should not be surprised.

Watching them make matters worse will not be pretty.