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Is the NZ housing market downturn anything to be worried about?
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Pulling out all the stops to get a new supermarket player into the market
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Economist: Regulatory cap on property investors will only go so far
(Photo / NZ Herald) Thu, 28 Jan 2021, 5:00AM
Kiwis desperate to buy homes are calling on landlords to drop their investment properties – but an economist warns it could leave renters stranded.
The biggest law change to the Residential tenancies Amendment Act in 35 years becomes operative from February 11, bolstering renters’ rights.
But social media users catching on to the news were more interested by a figure included in one article, stating that there are just under 600,000 rental properties in New Zealand which will be impacted by the changes.
Many on Facebook and Twitter were calling for the introduction of a regulatory cap for property investors, putting a limit on how many houses they can snap up to rent out.
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