Ever wondered why Auckland is a good area for property investment? The news out this week is rosy with Auckland property rental income up, residential property sales volumes also up and the average home value up too. While on the surface this information is positive for the economy – there are some challenges for Auckland. It is one of the fastest growing regions and as the population continues to grow that in turn impacts on the demand on housing. The current supply of housing is not keeping up with the demand. Therefore the trend of increased property value will continue making it less affordable to own your own home and hence more demand for rentals. Here lies the opportunity for property investors where scarcity of rental property also increases the rental income for the landlord/property investor. We look forward to more positive news for Auckland especially in regards to grow in housing construction. Clearly there needs to be a step up in volume of residential homes for sale and rent.
Read the full article here: Auckland Property A Rosy Investment