Over 30 percent of property investors recording annual losses

Over 30 percent of property investors recording annual losses
Newshub
5 hrs ago
Hannah Kronast
© Provided by Newshub
Related video: Newshub revealed the Government has been buying up hundreds of houses to turn into state homes, directly competing with first-home buyers in our cooked housing market. Credits: Image - Getty, Newshub; Video - Newshub
A newly released paper has revealed over 30 percent of Kiwi property investors are recording an annual average loss of almost $9000, making no income from their investments.
The paper was prepared in December 2020 for Housing Minister Megan Woods examining the potential impact of the Government's big housing policies, which were announced in March.

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