Southland “standout” region for investors

The Southland region is currently the strongest performing region for residential property investors with the second highest capital gains and second highest yield, according to REINZ’s Capital Gains & Rental Yield Report.

Capital gains in Southland increased by 20.5% for the three months ending August when compared to the same time last year, with median prices going from $245,599 to $296,000.

Additionally, yields increased 5.2% year-on-year making it the standout region in New Zealand.

The Manawatu-Wanganui region also turned in a strong performance from an investment perspective.