@Speights, oh that could be true I guess
@Wayne, with overseas investors that may be true because they don;t care about yield as mush but for local investors we can and will push rents as much as possible to compensate for lowering returns.
People say rents aren't increasing much but in my main patch of Pakuranga rents are increasing constantly. People will offer over asking to get a place. So I thinkt he rents are flat mantra is false in most parts of Auckland.
And in fact if you look at Alistairs graphs HERE Auckland is lagging in rental increases and should see significant rises to catch up with CHCH and Wellywood. (assuming this hasn't already happened?)
It's just hard to find any bad news about Auckland for investors. Sad but true!
@Wayne, with overseas investors that may be true because they don;t care about yield as mush but for local investors we can and will push rents as much as possible to compensate for lowering returns.
People say rents aren't increasing much but in my main patch of Pakuranga rents are increasing constantly. People will offer over asking to get a place. So I thinkt he rents are flat mantra is false in most parts of Auckland.
And in fact if you look at Alistairs graphs HERE Auckland is lagging in rental increases and should see significant rises to catch up with CHCH and Wellywood. (assuming this hasn't already happened?)
It's just hard to find any bad news about Auckland for investors. Sad but true!
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