PHOTO: “There’s no excitement there. There’s this kind of inevitability.” Photo credit: Getty.
An Auckland house hunter is shocked by the number of properties she’s missed out on that have come onto the rental market just weeks after being sold.
Data from economists and banks show the buy-to-rent market is running hot.
But the Property Investors Federation argues it’s actually first home buyers that have the bigger impact on the housing crisis.
Renee and her family want to buy their first home – they have a healthy deposit, bank approval and stable incomes, but every house they look at remains out of reach, despite their $950,000 budget.
The businesswoman and mother of two has been house hunting with her partner since lockdown.
She said they aren’t fussy, they don’t need a big place, or a garden.
At this stage, they’ll take anything to stay in their area, so their children can continue their education at the same school and they can remain part of the community they’ve come to love.
“The properties we’ve been looking at are really varied, from small little two bedrooms, to something larger that we could maybe convert. We are just looking at anything to try and get a foot on the ladder.”
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