Wheel estate. The wealthy buy multiple houses as investments...which drives up prices but provides lots of rental accomodation...for young families who can't afford a first home...because tax loopholes make property speculation profitable, so... 19 December, 2007

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Title

Wheel estate. The wealthy buy multiple houses as investments...which drives up prices but provides lots of rental accomodation...for young families who can't afford a first home...because tax loopholes make property speculation profitable, so... 19 December, 2007

Content partner

Alexander Turnbull Library

Collection

TAPUHI

Description

Shows a nice old house called 'Wheel Estate' in the centre of the image and in a circle around it, joined by big arrows, are a wealthy investor holding wads of money and grinning, a woman holding a 'to let' sign as she advertises rental accomodation, a sad-looking family who cannot afford a house and lastly a man from the IRD, worried because of the tax loopholes that make property speculation profitable. And round and round the circle goes as housing remains very expensive and beyond the mea...

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Format

Image

Date created

2007

URL

http://natlib.govt.nz/records/22620497

Related subjects

New Zealand. Inland Revenue / Housing / Prices / Investments / Tax evasion / Rental housing / Homeowners / Real property

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