New data reveals rental growth is running at historically high levels, hitting 6.1% in the year to October, roughly double the long-term average growth rate, CoreLogic NZ Chief Property Economist Kelvin Davidson says A number of factors are contributing to the surge in rents, including wages growth and an imbalance between supply and demand. Continue →

Public housing tenants have higher levels of wellbeing than private sector tenants, similar to that of owner-occupiers, new research finds Released by Motu Research, the findings show length of tenure in a person’s current house explains much of the difference between public and private tenant wellbeing. Continue →

Six months ago an average of five prospective tenants were viewing each rental property, but today that number is 50, Impression Real Estate reports. Continue →

With the introduction of flexible working arrangements following the onset of Covid-19, have suburbs further away from the office more become more sought after for tenants? Continue →

New investor tax policies, increasing interest rates, the reintroduction of loan-to-value ratios and stricter lending criteria have dampened investor appetite, REINZ’s latest report reads The Waikato is Aotearoa New Zealand’s fourth largest region home to 9.5% of our population — only expected to grow. Continue →

Melbourne’s first build-to-rent development, a 59-level tower in Southbank, has opened its doors with a third of its 400 apartments now occupied Home, a build-to-rent development and investment business formed in 2017, is behind the rental project at 256-260 City Road—alongside the Crown Entertainment Complex and Southbank Waterfront Precinct. Continue →

Interest deductibility changes kick in for landlords on 1 October, the Government has announced, going against Inland Revenue’s advice and ignoring recommendations from property industry leaders The Government has confirmed its proposal to limit the availability of deductions for interest expenses incurred by residential property investors from 1 October, phasing them out over the four years. Continue →

Recent events are clearly starting to take a toll on property rents in areas like Queenstown, yet other parts of the country are still seeing strong rental increases, says Core Logic Senior Research Analyst Kelvin Davidson The rental side of the property market has been in the news quite a bit over the past 1-2 weeks, especially Queenstown, where rents have clearly begun to fall.  Continue →

Greens ecstatic over new residential tenancies law, Real Estate Institute sees unintended consequences The Residential Tenancies Amendment Bill passed its second & third readings in Parliament on Tuesday, updating the 1986 Residential Tenancies Act as Parliament rose for the election next month. Continue →

In the coming months, there are likely to be some ‘bargains’ on offer for property investors, although a slowdown in value growth may well mean more emphasis on a property’s rental yield, says CoreLogic Senior Research Analyst Kelvin Davidson Heading into alert level four lockdown, momentum for both property values and rents across the country was pretty strong (see the first chart), and investors had been taking a higher share of purchases – partly due to solid property returns themselves, but also falling returns on other assets (e.g. Continue →