News

Residential investment not best bet: Hawes

Tuesday 19th of June 2012

Hawes said New Zealand residential real estate was still over-valued and, in most parts of the country, yields were too low to make property investment worthwhile.

“Rents are still not sufficiently high to compensate for the risk [investors] are taking.”

While centres such as Auckland were reporting rent increases and record sales prices, Hawes said it would not turn...

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