Hi all
its probally an old question but I was wonding what are the vanacy rates like in NZ is it hard to find people to fill IP there.
Thanks
Dave
hi mad-cat
That’s a bit like asking ‘what the vacancy rates are like in Australia’.!
The answer would be the same – it varies depending on the place.
Check with one or two rental agents in the area as to what’s happening. The last few agents I talked to told me the only ones they had vacant on their books were the most inferior properties for the price (which makes total sense). even inferior properties in saturated markets can be let, if you drop the rent to a competitive price.
In fact talking to a rental manager is a great idea before investing anywhere. What you want to hear is ‘we’re screaming out for rentals’ of a particular type of property – and then you go buy that kind of property and get them to manage it for you.
cheers-
Minijoy to the world
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