LIKELY RENTAL SHORTAGE
After reductions in new homes being built over the past couple of years, a stable inward drift of immigrants and fewer Kiwis departing overseas, there is likely to be real pressure on rental stock this year and into 2011.
Additionally, the threatened tax increases on some investment property income has seen some investors down sell.
It is our opinion that in many markets there will be a shortage of good and larger sized rental properties available, especially in areas popular with job seekers and immigrants. If you already own rental property, now is the time to get maintenance and odd jobs completed.
If you don’t own an investment rental property yet, speak to me today about options in your area.
Filed under: REAL ESTATE | Tagged: Real Estate