Investing in a rental property is a great way to get a safe and reliable return on your investment in any economic climate.
New Zealand, particularly the Bay of Plenty and Waikato regions, has seen a demand surge for rental properties. This is due to several factors, such as population growth, the increasing cost of home ownership and the attractiveness of the lifestyle on offer.
Though investing in a rental property can be a great way to build up your portfolio and deliver a safe and reliable return, it is essential to consider all aspects of the investment before taking the plunge. It is vital to research and understands the rental market, including the demand for rental properties in the area. The Bay of Plenty and Waikato regions have seen significant growth in the demand for rental properties in recent years due to the increasing cost of home ownership and the attractive lifestyle on offer. This has meant that rental yields have increased significantly in these areas, making investing in a rental property an attractive option.
With many tenants looking for long term rentals, there’s also potential security of tenure with this type of investment – meaning if you find a good tenant they may stay longer than just one year!
The other great thing about investing in rental property is that it provides tax benefits too; any costs associated with owning and managing your property (such as maintenance fees) can be claimed back from Inland Revenue when filing taxes each year – allowing investors to keep more of their hard earned money!
