"At the moment they are all giggly. They all go around giggling about the money they are making," he said.
But when prices stopped going up investors would be left with the chores of having to collect rents, maintain their properties and deal with changes in tenants, without the benefit of capital gains, and many would decide to lock in the capital gains that had already been made and cash up.
That could see thousands of properties coming on to the market at the same time, with a shrinking pool of buyers.
Newland said the sale statistics he had, showed that investors were buying 80% of the properties sold in South Auckland and 41% of sales across the whole of Auckland. 作者: NewLynnHse 时间: 2016-4-27 15:20:32