this post was submitted on 16 Sep 2023

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Mega Landlords: investor stops buying after tax change, renovating instead (www.stuff.co.nz)

submitted 1 year ago by evanuggetpi to c/newzealand

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[–] RegalPotoo@lemmy.world 1 points 1 year ago

Because the property market is overcooked because it's oversaturated with speculators trying to rake in those sweet sweet tax free gains rather than doing something productive with their capital