It's hardly surprising to hear a real estate agent hype property. But a Wellington agent should have checked his facts before telling a national magazine recently, "Quite frankly, other investment alternatives aren't looking very healthy. People are looking at the yields, and property wins every time."
Saturday, October 11th 2003, 5:14AM
by The Landlord
Oh yeah! So what's unhealthy about a 34 per cent gain since early March - close to an annual rate of 60 per cent?
That's how the index that measures much-maligned international shares has performed. And it doesn't include dividends.
Sorry, mate, but it makes house prices, which grew 14 per cent in the year to June, look like snails.
