Mega landlord claims refuted
Federation president Andrew King says the numbers do not appear to stack up. “Firstly, the numbers given equates to an average ownership of just 1.14 properties per owner.
“Secondly, the article claims there are 607,722 investment properties throughout the country, yet Where are the roughly 100,000 investment properties claimed in the article.”
King says the article assumes in every case where more than one property is owned, that property is classed as an investment property. However, he says it could be a holiday home, a second residence, a house provided for children to live in or he owner may be on an extended period overseas.
“The article then appears to count each investor’s own home as an investment property, reducing the number of people classed as owning one or two houses and inflating the number owning three to five. If this is correct then 66% of investors own one property, 26.5% own two to four and 7.5% more than five. That doesn’t demonstrate investment property owned by mega landlords.”
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[Weekly Wrap] Research shows KiwiSaver is a key issue in the election; GRTV Special looks at what's on offer.](https://goodreturns.publit.io/file/c_fill,w_300,h_200/36b7de93-7b53-4a06-855a-4a8f4009a280.webp)
