I found this article on Stuff - a summary of why the rental property market in NZ is drying up. Being at the coal face we know why it's a tight market and is set to get tighter yet. So what's in the article:
Really? Are speculators Landlords? They buy and sell - or buy, renovate and sell, when do they rent the property? Only when they can not sell - (not likely to happen often).
Yes AirBnB is more popular now due to the increased rules, regulations etc on rentals and landlords.
Yes increased population.
cheers,
Donna
"Property speculators, and to that matter accidental landlords, don't make good landlords as their intentions are not aligned for long term stable ownership which leads to poor tenant conditions, in turn leading to increased regulation and poor tenancy quality.
"This drives up compliance and costs and reduces stability for long term landlords causing some to leave the market. This in turn drives up rental prices through reduced supply."
"This drives up compliance and costs and reduces stability for long term landlords causing some to leave the market. This in turn drives up rental prices through reduced supply."
Yes AirBnB is more popular now due to the increased rules, regulations etc on rentals and landlords.
Yes increased population.
cheers,
Donna
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