this post was submitted on 06 Nov 2023
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Te Wai Pounamu / South Island
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It wouldn't say it's a lot. Most rentals are held in portfolios with 3+ properties - the idea that the rental market is mostly 'Mum and dad investors' is a myth.
Nearly half the population rent. That's the bigger retirement crisis, people are spending massive amounts on rent, which has the double whammy of locking people out of affording a house of their own, and impacts their ability to save for retirement.