Landlords packing in beds for students

Monday 26 January 2004

Christchurch landlords are cramming extra bedrooms into rental properties to take advantage of a huge demand for student accommodation.

By The Landlord

Existing homes, particularly in Riccarton, are being renovated to accommodate more people and one Christchurch councillor is warning some students are living in overcrowded conditions and residential streets are being impacted on.

Cr Helen Broughton, from the Riccarton ward, is aware of a property investor who is purchasing homes down a residential street one at a time and putting in more bedrooms within the existing structure.

Read More - Opens in a new window
Commenting is closed

Property News

Weak sales, resilient prices

Auckland’s housing market saw another slump in sales volumes in May but prices are holding steady, according to the city’s largest real estate agency.

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.


Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.


Bank LVR limits on hold

Banks have not relaxed loan-to-value ratio limits for investors, despite the Reserve Bank's move to scrap LVR rules.

Site by PHP Developer