Days to Sell
12 Mo Price Trend
12 Mo Rent Trend
-$2 p/w (3br)
Last updated: March 2021. Sources: Tenancy services & REINZ.
Rotorua, much like the majority of New Zealand is in a “hot” market. It is common these days for a property to be listed mid-week, open home on the weekend, and then deadlined a couple of days later. An offer with a laundry list of conditions does not stand a chance and if there is an asking price it is almost certain to go well and truly over. How does anyone get a good deal in this market?
Keen investors are using multiple strategies to capitalise on in these unprecedented times.
Rotorua has been achieving unprecedented capital gains. In the last year, the median listing price has gone up 21%. Historically, Rotorua was the place you invested for cash flow. I have talked to numerous investors who have bought in the last five years that are very happy with their cash flow and capital gains.
Today you can have it all! With interest rates at an all time low, if you can secure a rate for 3 years with principal & interest, cash flow positive, there is likely more capital growth which equates to leverage opportunity.
Right as the CCCFA changes were starting to bite, an investor asked us to market their 3-unit property in Rotorua. We used our investment experience to highlight the upside potential for the incoming buyer and marketed it to our exclusive database of investors, generated a good result. Read More…
In part 2, we look at strategies to navigate through, and ultimately profit from inflationary periods. Read More…