Investors being slammed or forced further afield…

The Reserve Bank announced that Auckland investment (not owner occupied) properties will need a 30% deposit as from October 1st 2015.

This will put rentals under pressure to still produce an acceptable return on investment. The opportunity this ruling poses might spur investors to move further afield in finding investment properties without this restriction.

It might urge Auckland vendors to come to the market within the next few weeks to avoid the deadline. It also open doors to the south to invite investors to see what’s on offer down Hamilton way.

Linda Dobson

About Linda Dobson

Linda Dobson - REAA Certified - is a sales consultant at the Rototuna branch of Harcourts - one of the six offices in Hamilton. She markets and sells residential properties with dedicated service to vendors to fetch to best possible price for their real estate. She gladly assists as a buyer's consultant to purchasers to find their ideal homes or investment properties and is results driven. She has a passion for real estate and see beyond the brick and mortar to address the needs and wants of both vendors and purchasers. Call Linda today for friendly, professional service, information and assistance with your next home or investment property. Mob: +64 22 64 50588
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