FROM THE EDITOR
A region’s rising popularity and population is always a doubleedged sword.
Whereas a rental shortage in South Waikato [see page 1] might have seemed unlikely a few years ago, the reality is starting to bite.
House prices and rents have one thing in common - demand and the ridiculous situation in Auckland seems to be exporting that demand to our towns.
Buyers - whether they be new residents or investors - see an opportunity in a market like ours. A rental property for $200k is quite affordable for those with cash to invest but who don’t have enough to fund the 40% deposit required in Auckland, Tauranga or Hamilton.
Housing is the investment of choice for many Kiwis, despite the fact shares and other investments have been doing just as well in recent times.
The whole thing seems to be based on a fear of missing out on capital gains. What happened to simply buying a house to live in, doing it up and moving up the housing market like that? NEWS DIRECTOR: Daniel Hutchinson, firstname.lastname@example.org; 027 809 6854. SENIOR REPORTER: Luke Kirkeby, 027 204 2913, email@example.com. SALES MANAGER: Antonio Ganz, 027 204 2920, firstname.lastname@example.org SENIOR SALES CONSULTANT: Matt Holmes, 027 807 4632, email@example.com, CLASSIFIEDS: 0800 800 373 firstname.lastname@example.org or Lynda 07 888 7011, MISSED DELIVERY: 0800 339 000, DIGITAL EDITION: southwaikatonews.co.nz. FACEBOOK: facebook.com/southwaikatonews. DISPLAY AD DEADLINES: 4pm Thursday. ADDRESS: 45 Heuheu St, Taupo or PO Box 205, Taupo