Property Management

New landlords attracted by strong returns

A quarterly survey of New Zealand’s rental property market by the University’s Real Estate Analysis Unit shows that most investors have owned their properties for an average of three years. Professor Bob Hargreaves, director of the Real Estate Analysis Unit, says the survey of 889 landlords showed a surprisingly short time of investment. Wellington landlords have owned their properties for an average of five years, Auckland landlords for four years, and Christchurch landlords for three years.

Wednesday, September 15th 2004

Professor Hargreaves says the results suggest new investors are encouraged by perceived strong returns on rental properties as a result of a nationwide boom in residential property. He says figures from the housing Ministry show a rise in rent in most parts of New Zealand, with the national median rent reaching a record high of $250 a week in May. The Real Estate Analysis Unit is part of the University’s Property Foundation, with the primary objective to provide reliable property information to the property industry, the land related professions and the public. Professor Hargreaves also offers a consulting service for individual clients and Unit publications and quarterly reports are available free on request. These include: The AMP Banking Home Affordability Report; Rural Real Estate Market Outlook; Auckland Commercial Market Outlook; Christchurch Commercial Market Outlook; Wellington Commercial Market Outlook; Auckland Residential Market Outlook; Christchurch Residential Market Outlook; Wellington Residential Market Outlook. Or visit: http://property-group.massey.ac.nz/

Compulsory property insurance welcomed

More Stories

Wednesday, April 17th 2024

Rate cuts needed to lift mood

The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

Heartland Bank - Online	6.69
TSB Special	6.74
SBS FirstHome Combo	6.74
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.45
TSB Special	6.49
Westpac Special	6.75
China Construction Bank	6.75
ASB Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

TSB Special	6.29
ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
SBS Bank Special	6.55
BNZ - Classic	6.55
Kiwibank Special	6.55
Co-operative Bank - Owner Occ	6.55
Kainga Ora	6.99

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50