Property has long been considered a key part of financial planning, with ‘mum and dad’ investors purchasing a single house to help fund their retirement. However, the current economic conditions are wreaking havoc on retirement plans, with some owners needing to sell 10 to 15 years earlier than originally intended.
Taupō Tall Poppy Business Partner Tristy Vadnjal says she is seeing an increase in the number of investors who purchased a property in the region as part of their retirement planning, who are now having to sell as financial pressures continue to take their toll.