News

Landlords 'dipping into own pockets'

Wednesday 4th of February 2004
While median house prices have as much as doubled on what they were in December 2002, average rents have increased by less than 20 percent.

That meant investors who bought when house prices increased were either getting a smaller return or were spending more money to keep their investment working, Nelson Property Investors Association secretary Glenn Morris said.

"There...
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