Hi Guys
I was looking at the latest property magazine with a focus on the growth in rents across different parts of New Zealand over five years. What I noticed, just with a cursory glance, is that rental increases are relatively consistent across the board over an extended period (excluding the likes of Queenstown). The smaller areas, appear to be playing catch up, with rents and house values, and anecdotally there have been some significant gains, from a small base, in recent years.
I have two questions that I wonder if anyone has the answer to:
1. Has anyone plotted an increase in landlord related expenses (rates, repairs, insurance) over a five year period?
2. How does this compare to rental inflation?
I'm interested in how an I only approach might work on a property that is brought initially on -ve cashflow. Would this ever catch up, or as I suspect, it is highly unlikely given the differing rates of inflation and deferred maintenance?
Interested in the thoughts from those wiser than I on this.
I was looking at the latest property magazine with a focus on the growth in rents across different parts of New Zealand over five years. What I noticed, just with a cursory glance, is that rental increases are relatively consistent across the board over an extended period (excluding the likes of Queenstown). The smaller areas, appear to be playing catch up, with rents and house values, and anecdotally there have been some significant gains, from a small base, in recent years.
I have two questions that I wonder if anyone has the answer to:
1. Has anyone plotted an increase in landlord related expenses (rates, repairs, insurance) over a five year period?
2. How does this compare to rental inflation?
I'm interested in how an I only approach might work on a property that is brought initially on -ve cashflow. Would this ever catch up, or as I suspect, it is highly unlikely given the differing rates of inflation and deferred maintenance?
Interested in the thoughts from those wiser than I on this.
Comment