Mega Landlords: The housing investor who owns 79 Wellington properties
If Robert Wright were to sell all his homes today, forecasters say he could expect to make over $52.2m million in profit.
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If Robert Wright were to sell all his homes today, forecasters say he could expect to make over $52.2m million in profit.
Delton Lo moved to New Zealand from Hong Kong to avoid rising house prices. Now he's the tenant of a landlord who owns more than 40 homes.
Andrew Sowry manages one of NZ's largest private portfolios, and while he admits the system is in bad shape, he believes it can be fixed.
New data shows the number of homes owned by mega landlords continue to grow, while first home buyers continue to get shut out of the market.
With 38 per cent of Auckland properties now owned by investors, the Eva family are avoiding homes they might look at - but they still can't find one.