12 Oct 2017

Tokoroa's housing market eaten up by property investors

From Morning Report, 8:43 am on 12 October 2017

Salvation Army Lieutenant Steve Molan says he's seen an increase of property investors buying houses and renting them out at high prices. A 3 bedroom house in Tokoroa has been listed for as little as 89 thousand dollars. The average price for a 3 bedroom house in Tokoroa close to $200,000. Salvation Army Lieutenant Steve Molan says Tokoroa is now dealing with overcrowded homes, homelessness, and unaffordable rent.