Market boom creates flood of landlords

Wednesday 15 September 2004

People are flocking to become landlords as a result of the residential property boom, new research has found.

By The Landlord

A nationwide survey of 889 landlords found that most had only owned their investment properties for a short time - just over three years on average.

Wellington landlords were the most experienced, having owned their rental houses an average of about five years.

Auckland landlords tended to have owned their properties for just over four years.

The average was down to three years in Christchurch.

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