South Waikato News - - Your Local News - Daniel Hutchin­son

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, daniel.hutchin­son@fair­fax­me­; 027 809 6854. SE­NIOR RE­PORTER: Luke Kirkeby, 027 204 2913, luke.kirkeby@fair­fax­me­ SALES MAN­AGER: An­to­nio Ganz, 027 204 2920, an­to­nio.ganz@fair­fax­me­ SE­NIOR SALES CON­SUL­TANT: Matt Holmes, 027 807 4632, matt.holmes@fair­fax­me­, CLASSIFIEDS: 0800 800 373 swn@fair­fax­me­ or Lynda 07 888 7011, MISSED DE­LIV­ERY: 0800 339 000, DIG­I­TAL EDI­TION: south­waika­ FACEBOOK:­waika­tonews. DIS­PLAY AD DEAD­LINES: 4pm Thurs­day. AD­DRESS: 45 Heuheu St, Taupo or PO Box 205, Taupo

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.