Residential Property Speculators Days Numbered
Residential Property Speculators Days Numbered in
Christchurch ... the Press Report
Rent heat cools as homes are replaced ...
Liz McDonald ... The Press
Comment on thread (in moderation) …
Christchurch is a “severely unaffordable” City as
the Annual Demographia Survey ( www.demographia.com ) illustrates …
thanks to the long history of the Christchurch City Council
failing to release affordable land and failing to finance
However … as new housing
production has ramped up, most particularly in the adjoining
Counties of Waimakariri and Selwyn, there is only one way
house prices and rentals are going to go … down. The older
less desirable stock the speculators had been loading
themselves up with, is going to be very hard hit indeed.
The NZ Property Investors Federation with its nonsense
‘research’ is rightly petrified, as this article by Rob
Stock of the Sunday Star Times at the weekend illustrates
… HOUSING JUST ‘AS AFFORDABLE’ …
The only way to sort out the speculators and restore
affordable housing, is with affordable new housing supply.
The speculators days are coming to an end very fast
© Scoop Media
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