In November, Jacinda Ardern said: 'It just cannot keep increasing at the rate that it is' when asked about rising house prices. Landlords are making profits of about $300,000 each time they sell a property – but there’s a warning that the tide may be about to turn against them. Corelogic this week released its latest Pain and Gain report, which outlines the capital gains that sellers are making on property around the country. But property investors were making slightly more when they sold – netting a median $282,000 per sale compared to $270,000 for owner-occupiers. “The game seems to be changing for investors.”Many who had bought recently were small-scale investors with only one or two investment properties, he said.

Source: Stuff March 16, 2021 23:48 UTC