Commercial property stocks a better bet than Auckland houses, broker says

Fri, 09 Jun 2017

By Sophie Boot June 9 (BusinessDesk) - Housing investors would be better off putting their money in commercial property stocks, which provide higher yield than the slowing residential market, a broker says. Investing in residential property is "a terrible waste of money", with yields far less attractive than the share market, according to Hamilton Hindin Green investment adviser Jeremy Sullivan. "Fundamentally things are looking pretty stretched, and to be honest residential property has had a great run over the last decade," Sullivan...

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