Otago Property Investors Association Inc

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27-09-2012

Investors return to Auckland CBD

Landlords.co.nz

The proportion of investors planning to buy apartments in Auckland’s CBD is slowly increasing, according to Crockers research.

Respondents to its latest survey have signalled the Auckland CBD and its surrounds are the areas most likely to experience growth in prices in the short term.

Of the respondents to the survey, 38% said Auckland central was the area to watch for growth, followed by 30% who thought the city’s North Shore would be the growth area.

Auckland landlords continue to get a rent premium for their properties compared to other parts of New Zealand.

The average rent for a two-bedroom property in the city is now $383 per week, 19 per cent more than similar properties elsewhere in the country. For three-bedroomed homes the average rises to $498, a 38% premium on the rest of the country.

Source: Landlords.co.nz

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