Property a productive investment: Newland

Hundreds of thousands of jobs rely on the turnover of housing stock in this country, says property commentator Olly Newland.

Wednesday, January 16th 2013, 12:00AM

by The Landlord

He says those who say that investment in property should be discouraged because it is not productive for the country’s economy are wrong.
 

"Every time a property changes hands, there’s carpets, blinds, drapes to be done. Slowing the market would have a huge knock-on effect to unemployment. Maybe it’s not exports but if someone has a $50,000 or $100,000 deposit, what can they do in the export market? I don’t know.”

« HNZ 'referring clients to Salvation Army'Free Investment Property Showcase Events: Auckland, Wellington and Christchurch »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

www.GoodReturns.co.nz

© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved