Like the post, Are you buying a rental, maybe it is the time to sell my rentals.
I have 2 rentals in an excellent area in Rotorua and have seen excellent capital gain in the last 18 months.
However, I think the top of the market is very close and any further capital gain is unlikely to be around for a long time.
My net yield (rates, insurance and small allocation to maintenance subtracted from rent) is now around 3.5% for both properties. There is no further value that can be added. So, I am getting long term bank deposit rates with now no compensation for extra risk.
So, would you sell?
I have 2 rentals in an excellent area in Rotorua and have seen excellent capital gain in the last 18 months.
However, I think the top of the market is very close and any further capital gain is unlikely to be around for a long time.
My net yield (rates, insurance and small allocation to maintenance subtracted from rent) is now around 3.5% for both properties. There is no further value that can be added. So, I am getting long term bank deposit rates with now no compensation for extra risk.
So, would you sell?
Comment