Rental market in Whangarei / Dargaville

[green as grass]

Hey guys, it's been a while since I was here, life has had me busy in other areas & once again a new page has been turned so I'm considering a rental investment up north.

In a general sense has anyone noticed a trend over the past few years, ie; lower ROI, more demand from renters etc?

I'm just trying to get an objective view of where it's at in 2014....

Thanks

GaG

[BigDreamer]

Sorry I'm not familiar with the area but most likely the reason no one has replied is because this thread is in the wrong forum.

[Eljay1]

Hey guys, it's been a while since I was here, life has had me busy in other areas & once again a new page has been turned so I'm considering a rental investment up north.

In a general sense has anyone noticed a trend over the past few years, ie; lower ROI, more demand from renters etc?

I'm just trying to get an objective view of where it's at in 2014....



Thanks

GaG

Not sure if you've done a search but there was a thread on Whangarai not so long ago. Hard to find decent tenants seemed to be the jist.

[drelly]

I'm in Whangarei. Most prospective tenants are low income earners such as caregivers and beneficiaries.

[green as grass]

Hummm ok, thanks for the feedback.

If Whangarei has problems with tenants then I'd hate to think what your opinion would be for Dargaville
I did try searching through the forums, found a brief mention of Dargs & another thread about investment in the provinces which was a good insight. I'll have another trawl & see what happens. Thanks again

[drelly]

Hummm ok, thanks for the feedback.

If Whangarei has problems with tenants then I'd hate to think what your opinion would be for Dargaville
I did try searching through the forums, found a brief mention of Dargs & another thread about investment in the provinces which was a good insight. I'll have another trawl & see what happens. Thanks again

Don't have anything in Dargaville. Some investors made great capital gains but the trouble with those really small, cheap towns is that the cashflow isn't so great when you factor in maintenance, insurance and rates, which are a greater proportion of the value of the property than in larger towns. Kaitaia gross yields are awesome!

[BigDreamer]

I'm in Whangarei. Most prospective tenants are low income earners such as caregivers and beneficiaries.

I personally have no problem with WINZ tenants given that the rent is paid out directly to our bank account.

[speights boy]

Bit of an insult to Timor I would have thought.

NZ has zombie towns that need to close — economist

"Places like Northland look more like Timor and if we look at places like Orakei in Auckland it’s more like Switzerland",

[BigDreamer]

... and to Switzerland.

[speights boy]

I'm in Whangarei.

You may get a second chance to get it right.

Key distances himself from MP