Investing in residential property in New Zealand can be a big winner and there’s less to worry about than you might believe especially when you focus on the right requirements to firstly get the property and then how to manage it so it’s adding value i.e. equity and cashflow as a rental property.
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More New Zealanders are renting today than ever before and they will remain in rented accommodation longer than desired. Their first taste of home ownership is likely to be an investment property which they’ll rent out while they too remain as tenants in another landlord’s property.
If you’re considering investing in property, knowing where to buy is vital. Regions can be hot and cold depending on what’s happening economically.
Auckland as we know is the leading economy in New Zealand and it’s real estate is in hot demand so is it the place to invest?
There’s been a lot of promises of incentives for First Home Buyers however investing in property over a PPOR (principle place of residence) from the get go makes more sense.
You can have a broader choice of properties, from standalone houses to apartments in areas you may not personally live in.
Stake Property Rentals have provided six tips on how to boost the rental income from your investment property. The tips they provide are not dependant on market conditions. There are actions you can take right now that will improve your property and thus the income you receive from it irrespective of what’s going on in the rental property market.