In this article Miriam Bell describes the experience of Cat Slater who only owns two rentals both in Auckland purchased to fund her retirement.
Data from Inland Revenue (IR) and the Ministry of Business, Innovation and Employment (MBIE) shows small-scale “mum and dad” investors, like Slater, are the “typical” landlord. But the combination of data suggests the “typical” landlord is in their 50s, with an income in the $70,001 and $180,000 band, and the vast majority own just one or two properties.
Auckland Property Investors Association general manager Sarina Gibbon says its members are run-of-the-mill, middle-class Kiwi, and at events it was themes of family and the future generation that came through. “It tells me that, for the most part, our members take on the risk of investing for the sake of their children, and yet the general consensus seems to be that when a landlord invests, she or he is self-serving.”
Read the full article here - https://www.thepost.co.nz/a/business/350077136/forget-stereotype-typical-landlord or here
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