Christchurch's housing paradox –​ the downside of a building boomIAIN MCGREGOR/FAIRFAX NZ Awatea Green is one of a number of large-scale housing developments on the outskirts of Christchurch. Christchurch's rental market is oversupplied and freshly-built terraced houses are sitting empty and unsold in the suburbs. If you don't, any gains you've made through the building boom, they're just going to be lost in your overheads." Landlords snapped them up and, in a stressed rental market, had no problem finding tenants. If the pendulum has swung too far on Christchurch's housing market, it will swing back.

Source: Stuff March 03, 2017 05:03 UTC