Confidence in rental property crashes

NEW ZEALAND Thursday 17 July 2008

 

Statistics

 

 

 

 

 

 

The glory run that has seen confidence in the residential rental market soar over recent years has come to an end, according to the latest ASB Investor Confidence Survey.

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and it slowly, sorry quickly, comes to pass,

landlords you're in it up to your necks.

Remember than well known phrase?...something

about 'millstones'? If you don't you soon will...

UA.

A lingering problem

NEW ZEALAND - Wednesday 23 July 2008

There has been a huge increase in the amount of property lingering on the market, according to the latest Harcourts newsletter.

Bryan Thomson, Harcourts chief executive says the company’s volume of sales transactions is well down on the same period last year, particularly in Auckland, so the amount of property on the market is rising – even given the lack of new property coming forward this winter.

He also believes buyers should seize these opportunities.



 Total denial even with the facts in his f'ing hands