Think The Rental Squeeze is Bad? Breath In As it Could Get Worse!

Posted by Harrison Vaughan on March 5, 2019 3:48:15 PM NZDT

In the last 12 months, we have seen sky rocketing rents. In many parts of New Zealand rents increased by over 10%.

We have all seen the headlines. Teachers forced to bunk in with their bosses, over 10,000 households waiting for public housing, up from 4530 the same time last year. We have even seen disturbing headlines such as ‘sex for rent’. Almost daily now, we see stories across New Zealand of people struggling to secure rental properties and rising rents forcing people out of their homes.


Queues upon queues of desperate tenants, battling to try and secure a battered, run-down rental property and being forced to pay more. In one case I witnessed in Wellington, about a group of twenty tenants turned up to a viewing trying to secure a tiny one bedroom flat in which the bedroom so small, the double bed of the vacating tenant had to sit in the lounge. Although habitable, it was tired, dated and more akin to something out of Victorian Britain. The asking price? A bargain at $410 a week. There was no shortage of applicants. The young solo parent who lived in the property was being forced to move because she could not keep up with the rent.

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Topics: rental market

Avoiding Problems Through Tenant Selection

Posted by Harrison Vaughan on February 20, 2019 3:58:41 PM NZDT

There’s no two ways about it, tenant selection is the single most important factor when it comes to the success of your property portfolio.

 

You need only pick up the newspaper to find a horror story about tenants trashing a property and causing countless thousand dollars’ worth of damage.

Of course, not all tenants are like this and there are plenty of outstanding tenants that will cause you absolutely no issues whatsoever, but as with anything in property investment, minimising the risk is essential. When it comes to tenanting a property, there are some very simple things that you can do to ensure that you’re minimising your risk and doing everything you can to secure yourself a painless experience.

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Topics: rental market

Five Ways to Kill Your Yield

Posted by Harrison Vaughan on February 5, 2019 4:00:00 PM NZDT

Contrary to popular belief, landlords have plenty of bills to pay. 😔

Despite the obvious objective ‘making money’ when entering the property investment space, it doesn’t always go to plan. Clearly then, protecting your yield is one of the most important things you need to do if you are going to be successful as a landlord.

Rather than preach to you about the steps that you can take to increase your yield, we thought that we would put together a list of the most common mistakes we see landlords make that damage their yields. The easiest way to start making more money after all, is to stop losing it!

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Topics: rental market

Wellington's winter is getting warmer, despite the weather.

Posted by Jack Vale on May 31, 2018 11:31:00 AM NZST

As a landlord, winter with a vacant property is, historically speaking, a logistical nightmare.

 

Long vacancies were the norm and when it comes to achieving a premium rental price for your property, you’d have been better off rubbing a magic lamp and waiting for the genie to appear. ✨✨

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Topics: rental market, investment advice, rental control, rental increase

Don't Miss the Gold Rush!

Posted by Jack Vale on December 6, 2017 10:19:09 AM NZDT

If you’re not nervous about finding a good quality rental property, you probably don’t live in Wellington. Wellington’s rental market has been booming for long enough that it’s almost getting boring to say it out loud.

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Topics: tenants, rentals,, rental market, Rental Pricing

Rental Market Update

Posted by Jack Vale on November 8, 2017 9:02:40 AM NZDT

You can’t beat Wellington on a good day. And when it comes to investing in property, it seems like Wellington is definitely having a good day.

Despite no recent changes in the national average rent, Wellington’s market has remained strong and shows no signs of slowing down. Investing in property has, and always will be, about the numbers.

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Topics: investing, rental market, renting wellingon, investment advice, Rental Pricing

The Fire Continues to Burn - The Numbers behind Wellywood

Posted by Jack Vale on August 3, 2017 9:53:54 AM NZST

Wellington’s rental market is booming. 🚀

 

Landlords across the capital are seeing rental prices remain strong, with the capital’s lack of inventory not able to keep up with demand...

At around a quarter of the inventory levels of Auckland, Wellington sits as one of the regions with the lowest number of listed property for rent, fuelling the fire in Wellington’s rental crisis.

 

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Topics: Insider, rental market

 

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