Housing NZ sold off more than $8 million worth of state houses in the Waikato, Coromandel and King Country last year.
New figures revealed under the Official Information Act show Housing NZ is making millions of dollars a year by selling off its housing stock.
It raked in $19m between July 2008 and February 2011 but a large chunk of that came from the 40 properties it sold locally in 2010/2011.
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