RENTAL PRESSURE (NEW ZEALAND)
Posted on December 22, 2011 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
After an increase in vacancies earlier in the year the entire market has closed up again with most of our offices reflecting our own situation; not much spare capacity.
Again I have to add that the better presented, warmer, drier and modernised properties are being snapped up while others languish unloved…seemingly by both owners and tenants.
With prices stable and low in many ‘rentable areas’ now’s being seen as good time to add to investment portfolios by careful property investors. From time to time they’re having to compete with some pretty vigorous competition from first home owners!
Filed under: REAL ESTATE | Tagged: Real Estate