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Wellington is bearing the brunt of fierce demand for rentals, and there is no relief on the horizon.
Some turn up to flat viewings in suits, others arrive with professionally designed rental CVs, all in the hope of standing out from the crowds that gather for flat viewings.
The central bank wants to cap bank lending to property investors with a deposit of less than 40 per cent at 5 per cent, according to a consultation paper released on Tuesday. It also wants to restore the 10 per cent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 per cent.
Most investors are either priced out of inner or middle ring capital city suburbs or have to resort to sacrificing their lifestyle to be able to afford the out-of-pocket holding costs. Join us for this live webinar and learn how to find and analyse affordable gentrifying areas which are primed to support solid sustained medium to long-term capital growth.
Reserve Bank of New Zealand Announcement - 13 November 2019
Learn how to find and analyse positively geared investment properties In this webinar replay, you will learn how to find property that will pay for itself, assist with finance serviceability and provide income regardless of what's happening in the property market.
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Real Estate Investar is part of MRI Software. We provide the tools, data and information you'll need to create wealth through property investment.