More landlords than ever thinking of selling

The survey taken last month by the New Zealand Property Investors Federation (NZPIF) shows in 2021 that number was just 21.22%.

At the other end of the scale, in 2021 the percentage of landlords who said they would not sell, or probably not sell, was at 58.1%. It is now at 44.2%.

NZPIF president Sue Harrison says comments within the survey indicate many indicate many landlords are coming close to selling all their properties and existing the industry all together.

“This is due to increasing costs that are not being covered by rents received and also to the way landlord have been negatively targeted by the Government.”