Is there anywhere one can find details on areas where there is a high demand for rentals, in particular those where demand exceeds supply? I was thinking this would be a useful tool in determining which areas to focus on when looking for a new IP.
For example in the Auckland CBD supply probably outweighs demand (for your average apartment), yet in Devonport demand for quality rentals outweighs supply.
KPI magazine shows the numbers of bonds lodged for each month and average weekly rental but it doesn't indicate how many tenants there are waiting on property manager's books.
Perhaps I just answered my owner question, phone up local property managers to get a feel for the area...
For example in the Auckland CBD supply probably outweighs demand (for your average apartment), yet in Devonport demand for quality rentals outweighs supply.
KPI magazine shows the numbers of bonds lodged for each month and average weekly rental but it doesn't indicate how many tenants there are waiting on property manager's books.
Perhaps I just answered my owner question, phone up local property managers to get a feel for the area...
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