PRESSURE COMING ON RENTALS
Posted on August 5, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
With building stagnant still, the population quietly growing and a slow build in immigration, pressure is coming on rental availabilities across most of the country.
For tenants, that means a real battle to secure better properties and for investors, the chance to reasonably safely expand their rental portfolios. It was interesting to see the NZ Property Investor magazine last month fly a huge headline on the cover “BUY, BUY, BUY…now is the right time.
Once again we must report that the warmer, drier and modernized properties are the ones being contested by tenants.
Filed under: REAL ESTATE | Tagged: Real Estate