The Collapse Of The New Zealand Real Estate Market May Only Be Days Away
If what you read is true - Hold On.
A collapse of the New Zealand Residential Property Market may only be days away as property investors ready themselves for the government's much-awaited 2010 budget.
Will they or wont they come down hard on residential property investors, the very people building rental properties and leasing them back to the government at a time when it is reported immigrants who cannot afford rental housing on their own and are doubling up on accommodation, or even living in vans due to a shortage of affordable accommodation.
Some are further cutting costs by spending nights in their vehicles parked on the side of rural roads or in public car parks, rather than going to campervan parks or camping grounds.
That is what happens when incentives are threatened and property investors put things on hold.
Will slamming property investor's with unfair tax increases elevate the problem or will the opposite occur and see tenants paying more.........
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