Is property investment ethical?

illustration of rain clouds pouring on a group of houses

Is it ethical to own investment property? Are you providing much-needed housing or is your rental just propping up crazy housing prices and hurting those who are not yet on the ladder? Finance writer Diana Clement explores this tricky issue.

David Hanna is a man who thinks long and hard about the ethics of his small property investments. When David bought his first rental property in the 1990s to supplement his retirement, the government was making noises that NZ Super wouldn’t be around when he retired.

“We were responding to the signals in the market that we had to save long-term,” says David.

The family bought an investment property in Wellington, followed later by a second one in Featherston. Over the years, however, David, whose…

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