Boom time for renters

May 11, 2008

News — Tags: , , , — admin

Potential homebuyers are choosing to remain long-term renters – freeing up their savings for less volatile investments.

Industry experts say even tenants who can afford a deposit and mortgage repayments are taking advantage of market conditions and enjoying a less stressful life.

Andrew King, of the Auckland Property Investors Association, said renting was “extremely good value” at the moment and believed the number of long-term tenants had been rising for at least 18 months. (more…)


Price dive on over-borrowing

Poor investments and over-borrowing could force more property investors to sell this year, causing property prices to dive, says Andrew King, vice-president of the Property Investors’ Federation.

This adds to the grim outlook portrayed in property mortgage insurer PMI’s mid-year report, released on Thursday, and Quotable Value’s monthly report, which is out tomorrow. (more…)


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