by Paul McBeth
Increasing enthusiasm for investing in residential rental properties could prove to be ill-founded.Median weekly rental | Median house price | Ratio: rental to house price | Annual house price growth | |
North Auckland | $250 | $274,000 | 0.9 | 3.1 |
Central Auckland | $250 | $289,000 | 0.9 | 5.6 |
Hamilton | $180 | $176,000 | 1.0 | 2.9 |
Porirua City | $170 | $175,000 | 1.0 | 0.4 |
Wellington City | $240 | $240,000 | 1.0 | 2.5 |
Dunedin | $145 | $99,000 | 1.5 | 0.3 |
Invercargill | $110 | $68,000 | 1.6 | -1.0 |