COMMENT: Property from the trenches

The recent escalation of COVID-19 is having a profound effect on the tourism industry in Rotorua as well as around the country. The increasingly imminent shutdown of most hospitality businesses in New Zealand means will be the loss of many hundreds of thousands of jobs in the short term.

I’m sure there will be two groups of investors out there; one will be excited the other terrified and worried.

I specialize in Rotorua investment but a lot of my advice today really applies to investors in all areas in New Zealand.

As a property investor in the NZ market for the past 39 years I have been through high interest (20%+), the Asian crisis, SARS and the GFC. I didn’t go through the Great Depression though, nor are there many people left alive (with working mental facilities).