|
|
Latest Headlines
Property Investors Show Resilience in Slump: Survey
Property investors are looking for bargains and raising rents, according to the inaugural landlords.co.nz quarterly survey. The results show 20% of those polled intend buying a rental property before the end of the year and 52% aim to increase their portfolio by Christmas 2009.
Thursday, September 11th 2008, 12:00AM
by The Landlord
The nationwide online survey was conducted last week and elicited 600 responses. The survey is designed as a barometer of investors' intentions. Investors were divided about the direction of house prices in the next six months, with 42.5% predicting no change and 47.5% expecting prices to deteriorate. Ten percent of investors were optimistic, saying prices are set to rise.
The survey also showed many investors have managed to raise rentals during a period when the property market has been characterized as being in a slump. Of those polled, 45.7% increased rents in the past six months and 66.5% had put up their rents in the past 12 months.
The biggest percentage of landlords, 38.5%, raised rents by 1% to 5%, while 34% increased rents by 6% to 10%.
Those cutting rents in the past six months amounted to 7.8%, with 75.5% saying they have never decreased rents.
Looking out over the next six months, 28.8% expect rents will rise, 59.3% say they will remain unchanged and 11.8% predict a decrease.
Commenting is closed
|
|
News Bites
Latest Comments
Subscribe Now
Mortgage Rates Newsletter
Previous News
-
Wednesday, January 15th, 6:00AM
Don’t bet on house prices rising faster than incomes
-
Friday, January 10th, 6:00AM
Similar Price Growth
-
Thursday, November 28th, 9:03AM
RBNZ: house prices may rise 7% a year in next two years
-
Thursday, June 27th, 9:53AM
Predictions cut for rising house prices
-
Thursday, March 7th, 11:12AM
Interest rate expectations: It’s not over yet
-
Wednesday, February 21st, 3:04AM
Sales dive to new depths – lending at low DTIs
-
Monday, December 18th, 9:44AM
Listings surge and prices up
-
Wednesday, December 13th, 9:54AM
Housing market still at a low ebb despite lift in sales
MORE NEWS»
Most Commented On
Mortgage Rates Table
Full Rates Table | Compare Rates
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| AIA - Back My Build |
4.94 |
- |
- |
- |
| AIA - Go Home Loans |
7.49 |
5.79 |
5.49 |
5.59 |
| ANZ |
7.39 |
6.39 |
6.19 |
6.19 |
| ANZ Blueprint to Build |
7.39 |
- |
- |
- |
| ANZ Good Energy |
- |
- |
- |
1.00 |
| ANZ Special |
- |
5.79 |
5.59 |
5.59 |
| ASB Bank |
7.39 |
▼5.59 |
5.49 |
5.59 |
| ASB Better Homes Top Up |
- |
- |
- |
1.00 |
| Avanti Finance |
7.90 |
- |
- |
- |
| Basecorp Finance |
8.35 |
- |
- |
- |
| BNZ - Classic |
- |
5.99 |
5.69 |
5.69 |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| BNZ - Mortgage One |
7.54 |
- |
- |
- |
| BNZ - Rapid Repay |
7.54 |
- |
- |
- |
| BNZ - Std |
7.44 |
5.79 |
5.59 |
5.69 |
| BNZ - TotalMoney |
7.54 |
- |
- |
- |
| CFML 321 Loans |
5.80 |
- |
- |
- |
| CFML Home Loans |
6.25 |
- |
- |
- |
| CFML Prime Loans |
7.85 |
- |
- |
- |
| CFML Standard Loans |
8.80 |
- |
- |
- |
| China Construction Bank |
- |
7.09 |
6.75 |
6.49 |
| China Construction Bank Special |
- |
- |
- |
- |
| Co-operative Bank - First Home Special |
- |
5.69 |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Co-operative Bank - Owner Occ |
6.95 |
5.79 |
5.59 |
5.69 |
| Co-operative Bank - Standard |
6.95 |
6.29 |
6.09 |
6.19 |
| Credit Union Auckland |
7.70 |
- |
- |
- |
| First Credit Union Special |
- |
5.99 |
5.89 |
- |
| First Credit Union Standard |
7.69 |
6.69 |
6.39 |
- |
| Heartland Bank - Online |
6.99 |
5.49 |
5.39 |
5.45 |
| Heartland Bank - Reverse Mortgage |
- |
- |
- |
- |
| Heretaunga Building Society |
8.15 |
6.50 |
6.30 |
- |
| ICBC |
6.95 |
5.79 |
5.59 |
5.59 |
| Kainga Ora |
7.39 |
5.79 |
5.59 |
5.69 |
| Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Kiwibank |
7.25 |
6.69 |
6.49 |
6.49 |
| Kiwibank - Offset |
7.25 |
- |
- |
- |
| Kiwibank Special |
7.25 |
5.79 |
5.59 |
5.69 |
| Liberty |
8.59 |
8.69 |
8.79 |
8.94 |
| Nelson Building Society |
7.94 |
5.75 |
5.99 |
- |
| Pepper Money Advantage |
10.49 |
- |
- |
- |
| Pepper Money Easy |
8.69 |
- |
- |
- |
| Pepper Money Essential |
8.29 |
- |
- |
- |
| SBS Bank |
7.49 |
6.95 |
6.29 |
6.29 |
| SBS Bank Special |
- |
5.89 |
5.49 |
5.69 |
| SBS Construction lending for FHB |
- |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| SBS FirstHome Combo |
4.94 |
4.89 |
- |
- |
| SBS FirstHome Combo |
- |
- |
- |
- |
| SBS Unwind reverse equity |
9.39 |
- |
- |
- |
| TSB Bank |
8.19 |
6.49 |
6.39 |
6.39 |
| TSB Special |
7.39 |
5.69 |
5.59 |
5.59 |
| Unity |
7.64 |
5.79 |
5.55 |
- |
| Unity First Home Buyer special |
- |
5.49 |
- |
- |
| Wairarapa Building Society |
7.70 |
5.95 |
5.75 |
- |
| Westpac |
7.39 |
6.39 |
6.09 |
6.19 |
| Westpac Choices Everyday |
7.49 |
- |
- |
- |
| Westpac Offset |
7.39 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Westpac Special |
- |
5.79 |
5.49 |
5.59 |
| Median |
7.49 |
5.79 |
5.69 |
5.69 |
Last updated: 17 January 2025 9:11am |
|
|
