colinrealestate

You’ve no doubt read of the almost nationwide pressure on good quality rental homes. The nationwide First National quarterly Property Management survey showed that while Auckland was completely swamped by demand for rentals and Christchurch & nearby towns likewise since the quake, much of the rest of the country is reporting the same albeit that pressure is coming on more slowly.

Aside of the quakes, we see the pressure being driven by the acute lack of new home construction over the past several years and shifting populations seeking work. The low rate of new home building looks set to continue with most activity focused on Christchurch for the next several years… so rentals and homes for sale will be demand driven into the future.

I view of this we are seeing Property Investors out hunting homes to add to their rental portfolios…though First Home owners are contesting that market sector too.

Filed under: REAL ESTATE | Tagged: Real Estate