Don’t let meth scare you off investing

If you’ve ever managed to escape buying a meth contaminated property, you’re probably thanking your lucky stars. But does meth contamination automatically make a property a bad investment? Not necessarily. Here are some facts that can help you decide what to do when faced with a contaminated property.

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Is meth the new 'leaky home' crisis?

Experts agree that New Zealand is currently in the wave of a meth epidemic. It’s closing in on alcohol as the nation’s most addictive substance. And in terms of damage to housing stock, it’s becoming more widespread than leaky homes. The numbers paint a daunting picture. Figures released by the Ministry of Health in December 2016, state that in the previous year, 1.1 percent of adults had used amphetamines, equating to about 34,000 New Zealanders. And in April 2016, $150 million of product was seized in Auckland, followed by a staggering $448 million seizure in Kaitaia just two months later.

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Safeguarding against meth in your rental investment

Owning a rental property can be an excellent investment, but the meth epidemic has made things a bit more challenging. Gone are the days when the worst thing you could expect at the end of a tenancy, were filthy carpets and a drunken hand punched through the door. Meth usage, and particularly, meth labs in homes, can have a devastating effect on your asset.

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