Nelsons rental shortage at crisis point
A couple are desperately upset and anxious for the welfare of their children, after Nelson's rental housing shortage forced them to move into a friend's garage...
Monday, February 24th 2003, 6:58PM
by The Landlord
"I've even had Housing New Zealand ring me personally a couple of times over the past few weeks asking if I had any properties, because they've had great people, but they just couldn't find them anything," he said.
Mr Morris said there was an "absolute buying frenzy" as investors sought to make a profit by buying and quickly on-selling houses on a rising market.
Nelson house prices have risen up to 35 percent in the past year, while the AMP home affordability survey has declined 29 percent.
Read More - Opens in a new window
| « Govt Heeds Landlords' Call to Direct Credit Rents | Housing boom in the south » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
