Insider guide to investing in rental property
GREG NINNESS
21/12/2013
Hamilton and Wellington may provide better opportunities for residential property investors than either Auckland or Christchurch, in spite of the housing shortages and soaring rents in the northern and southern cities.
Figures from the Real Estate Institute of New Zealand show the median rents in many parts of Auckland and Christchurch had increased by more than 10 per cent in October compared with October last year.
While that may benefit landlords with existing properties, investors wanting to add to their portfolios in those cities may find slim pickings, because property prices had generally risen faster than rents, making it harder for them to get an acceptable return on their investment.
Link:
http://www.stuff.co.nz/business/money/9539298/Insider-guide-to-investing-in-rental-property
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