Property investment takes huge hit - survey

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Wed, 18 Aug 2010 9:51a.m.

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The number of Kiwis investing in residential property has declined significantly for the first time in years.
The number of Kiwis investing in residential property has declined significantly for the first time in years.

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18 Aug 2010 01:40p.m.

ian wrote:

The real estate industry its self is in a state of self examination,and restructure.
Nationally retail market conditions are very uncertain.
Job security through out is lacking.
Taxation rates, formats,and retirement are about to change.
This government has signaled the future privateisation of some of our key financial structures.
The export based industries [with the exception of dairy] continue to struggle.
Exchange rates for our NZ dollar vary widely.
Again the government has signaled that it will once more legislate further social enginering changes.
All this positive consideration encourages any residential invester to go ahead and WAIT.Who in their right mind, would at present go out into the [unknown]market and spend [invest] money??