Property Now
Why NOBODY Lives in This Part of New Zealand
78% of New Zealand is completely empty. No one lives there.
New Zealand used to be full of small, bustling towns. Many have since been hollowed out, and Ed has found they tend to follow the same three stages.
In this video, Ed counts down how NZ zombie towns decline, and what it means if you invest in property in one:
● Stage 1: The jobs leave (Tokoroa lost two major employers in a single year, with 130 jobs gone from the Kinleith mill and another 119 from the plywood plant weeks later)
● Stage 2: The people leave (how Ōhura slowly emptied, and why the school always closes first)
● Stage 3: The buyers leave (why a Pātea house can look like a 17% rental yield, and why that is not the bargain it seems)
By the end, you’ll be able to spot which stage a town is in, and where it could go next.
Ok, now for the legal bit:
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