It’s A Good Time To Own A Rental Property 24/10/2019
With the demand for rental properties continuing to rise and the supply not being able to keep up, now is the perfect time to invest in rental properties. According to Stuff.co.nz the number of inquiries on TradeMe for rentals has increased 17 percent compared to the same time the year before. The national median rent advertised has also seen a rise on the site by 3.1 percent.
Due to the increase in buying prices for homes people are renting for longer than what they used to in the past. This is what is driving the demand in the rental market which results in more competition and rising rents.
With the loosened loan-to-value restrictions in combination with the low interest rates, purchasing an investment property is now more achievable and palatable.
So if you’ve been thinking about purchasing an investment property, it seems like there is no better time than the present!
With the demand for rental properties continuing to rise and the supply not being able to keep up, now is the perfect time to invest in rental properties. According to Stuff.co.nz the number of inquiries on TradeMe for rentals has increased 17 percent compared to the same time the year before. The national median rent advertised has also seen a rise on the site by 3.1 percent.
Due to the increase in buying prices for homes people are renting for longer than what they used to in the past. This is what is driving the demand in the rental market which results in more competition and rising rents.
With the loosened loan-to-value restrictions in combination with the low interest rates, purchasing an investment property is now more achievable and palatable.
So if you’ve been thinking about purchasing an investment property, it seems like there is no better time than the present!