I've been offered a private sale 3 bed brick and tile off the Dickson end of Longview. Any thoughts on rental demand, location OK, values in the area? Anybody interested in buying also happy to share it with you I am unlikely to hold it myself.
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Brother has a beachfront Karewa Parade house he rents while overseas, rents are crap and tenants complain the house is tired even though absolute beachfront. Tenants have without exception been poor or average, generally not well educated and difficult to deal with. He has tried out different property managers too and been dissatisfied. He really should sell up but dreams of returning to paradise.
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Friends are renting near there (with 2x dogs and a rabbit- I know but apparently haven't had any issues renting) and are paying $380 a week. I haven't found many apart from cross lease fibre cement that figures work on. Not much on trademe under $300 week (last time I looked) if anything in the area but don't think incomes allow much over $400 in general. Prices are going up esp for well built and the current demand should push rentals up significantly but whether people can afford it is prob the biggest issue.
SIL saw prices jump about $60k in the 6mths she was looking for a tidy brick and tile in Papamoa and her budget started at under $380k and ended up at $415k I think in the end. We have seen a good increase in our home but rent wouldn't cover full mortgage on it however we would have kept it as a rental if the purchase had of gone thru on the lifestyle blocks we were trying to get -as I think the way the market is going it wouldn't take to look to turn positive and imagine we couldn't replace if we did sell (short walk to beach and development next door should add value).
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Brother has a beachfront Karewa Parade house he rents while overseas, rents are crap and tenants complain the house is tired even though absolute beachfront. Tenants have without exception been poor or average, generally not well educated and difficult to deal with. He has tried out different property managers too and been dissatisfied. He really should sell up but dreams of returning to paradise.
If it was the one I was in the other day I'm not surprised. Rain runs down the walls inside.
Nice area and lots of good houses. Would live there myself if it wasn't so far from work.
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Originally posted by Viking View PostBrother has a beachfront Karewa Parade house he rents while overseas, rents are crap and tenants complain the house is tired even though absolute beachfront. Tenants have without exception been poor or average, generally not well educated and difficult to deal with. He has tried out different property managers too and been dissatisfied. He really should sell up but dreams of returning to paradise.
If it was the one I was in the other day I'm not surprised. Rain runs down the walls inside.
Nice area and lots of good houses. Would live there myself if it wasn't so far from work.
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I'm surprised so few comments here as its such a growth area over the last 15 years.
Longview Dickson end is good area, close to 2 primary schools, highschool and malls. All houses are newish 3 bedroom brick and tiles there.
Rental yields are not great, but certainly better than Auckland. Chronic shortage of renters but the wages down there don't allow for much increase. Tenants are an issue, do a google search, there's been a few articles about landlords cashing up as the tenants are a headache. Lots of lower demographics moving over from the Waikato to look for work in Kiwifruit etc. Apparently Papamoa is advertised on TV in the UK and it certainly has attracted its fair share of UK immigrants, earning it the nickname Pommymoa.
Lots of development over the last decade, but the commercial lots never really took off, businesses open and close more frequently than other areas in the commercial estate and the 2 malls. There is supposed to be a super mall in the pipeline down Parton Road (near your location).
Housing Development land has been approved all the way to the Kaituna cut (river mouth near Maketu) so the council are obviously planning on continued growth. All tradies and agents are expecting capital gains over the next few years, but then again they have a vested interest to say that.
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