tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, May 16th, 7:04PM

News

rss
Latest Headlines

Mega landlord claims refuted

The Property Investors Federation has rebutted a Sunday Star Times article claiming there are 605,722 investment properties owned by 533,000 people or businesses in New Zealand.

Monday, January 24th 2022, 12:02PM 2 Comments

by Sally Lindsay

Federation president Andrew King says the numbers do not appear to stack up. “Firstly, the numbers given equates to an average ownership of just 1.14 properties per owner.

“Secondly, the article claims there are 607,722 investment properties throughout the country, yet  Where are the roughly 100,000 investment properties claimed in the article.”

King says the article assumes in every case where more than one property is owned, that property is classed as an investment property. However, he says it could be a holiday home, a second residence, a house provided for children to live in or he owner may be on an extended period overseas.

“The article then appears to count each investor’s own home as an investment property, reducing the number of people classed as owning one or two houses and inflating the number owning three to five. If this is correct then 66% of investors own one property, 26.5% own two to four and 7.5% more than five. That doesn’t demonstrate investment property owned by mega landlords.”

Only 1,163 people, or 0.37% of all investors, own more than 20 properties, according to the article. King says this is an interesting point as while the number of mega investors is extremely low, the proportion of properties they own seems to be increasing.

“This is actually likely, as Kainga Ora builds more rentals. In addition, Government changes over the past few year are aimed at increasing the attractiveness of large corporates owning rental property in New Zealand.”

He says as a nation, we need to consider if this is really in our country’s and tenants’ best interests. “Large corporate rental owners tends to have large overheads and requirements for bigger profits that lead to higher rental prices.”

Tags: Andrew King

« Cracks appearing in housing marketLandlords to be belted again by Government »

Special Offers

Comments from our readers

On 24 January 2022 at 10:05 pm Grant Smith said:
As I originally thought, fake news.
On 24 January 2022 at 10:31 pm Kevin Edmunds said:
Good call. Most jounos simply do not understand the property investment market and seek to sensationalize incorrect assumptions. Stuff would be the worst in this regard and I would have expected a little better form SST

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Brian Gaynor dies
    “RIP - a true icon and such a humble person who helped so many....”
    14 hours ago by p simone
  • Brian Gaynor dies
    “Very sad. Condolences to him family....”
    15 hours ago by sanet.drury@gmail.com
  • Brian Gaynor dies
    “Brian was someone you would always go and listen to if he was presenting at a seminar or conference, someone you would always...”
    15 hours ago by MikeBeuvink
  • Brian Gaynor dies
    “A true champion of the industry. My sincere condolences to family, colleagues and friends. ...”
    15 hours ago by Pragmatic
  • [GRTV] AIA rolls out direct life insurance plans
    “Thanks Lifeadviser1, and it is great to see you have been having a play in the system. You are right, in the original...”
    17 hours ago by Sam.Tremethick
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 5.35 4.49 5.25 5.55
ANZ 5.54 5.15 5.85 6.15
ANZ Blueprint to Build 2.78 - - -
ANZ Special - 4.55 5.25 5.55
ASB Bank 5.35 4.49 5.25 5.55
Avanti Finance 5.45 - - -
Basecorp Finance 6.45 - - -
Bluestone 5.29 7.49 7.59 -
BNZ - Classic - 4.55 5.25 5.45
BNZ - Mortgage One 5.55 - - -
BNZ - Rapid Repay 5.55 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Std, FlyBuys 5.55 5.35 5.94 5.99
BNZ - TotalMoney 5.55 - - -
CFML Loans ▲6.45 - - -
China Construction Bank 5.50 5.40 6.14 6.40
China Construction Bank Special - 4.45 5.19 5.45
Credit Union Auckland 5.95 - - -
First Credit Union Special 5.85 4.70 5.20 -
Heartland Bank - Online 4.00 3.85 4.70 4.84
Heretaunga Building Society 5.95 4.80 5.50 -
HSBC Premier 5.49 4.39 5.15 5.39
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.25 ▲4.29 ▲5.09 ▲5.35
Kainga Ora ▲5.43 ▲4.57 ▲5.58 ▲5.85
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 5.00 5.55 6.19 6.39
Kiwibank - Offset 5.00 - - -
Kiwibank Special 5.00 4.55 5.19 5.39
Liberty 4.84 - - -
Nelson Building Society 5.95 4.95 5.85 -
Pepper Essential 3.44 - - -
Resimac 4.59 5.60 6.16 6.29
Lender Flt 1yr 2yr 3yr
SBS Bank 5.29 4.69 5.35 5.49
SBS Bank Special - 4.19 4.85 4.99
Select Home Loans 4.09 4.29 4.86 5.09
The Co-operative Bank - First Home Special - ▲4.19 - -
The Co-operative Bank - Owner Occ 5.45 ▲4.29 5.19 5.45
The Co-operative Bank - Standard 5.45 ▲4.79 5.69 5.95
TSB Bank 5.59 ▼5.14 6.05 6.15
TSB Special 4.79 ▼4.34 5.25 5.35
Unity 5.65 ▲4.80 ▲5.50 -
Wairarapa Building Society 5.24 4.55 5.20 -
Westpac 5.54 5.09 5.79 6.09
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.54 - - -
Westpac Special - 4.49 5.19 5.49
Median 5.45 4.55 5.25 5.52

Last updated: 16 May 2022 9:03am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com