“ This gap is particularly evident in the demand for three-and four-bedroom family homes . These properties are still highly sought-after , while some urban areas have a glut of smaller , two-bedroom terraced houses .
“ For landlords with the right property type , the market remains competitive .”
- Zac Snelling , Ray White New Zealand Head of Property Management
RISING COSTS AND NEW OPPORTUNITIES
At the same time residential property investors face a more competitive landscape , they are also impacted by rising costs . Insurance premiums , maintenance expenses , and council rates have all increased , putting pressure on landlords to secure stable investment returns .
Snelling says there is also a more significant requirement for landlords to approach property management proactively . “ With average ‘ days on market ’ for rental listings increasing by 29 per cent year-on-year in September , it ’ s clear that the average rental property is taking longer to fill , which means landlords must make strategic choices to attract premium tenants .”
“ This dynamic has seen a high level of enquiry in our ‘ Ray White Choice ’ products , which offer do-ityourself landlords a range of solutions to improve their properties , profitability , and tenant relationships .
“ In particular , we ’ ve seen growing interest in our casual letting and consultancy services , where active landlords engage with our teams to discover how they can get more from their residential investments and reduce their days on the market .” the potential of making accessibility modifications to cater to this growing demographic .
“ At Ray White , we encourage our landlords to think ahead and acknowledge the shifting tenant demographics in this country . By making small changes to their properties – particularly around safety , access , and functionality , landlords can tap into an expanding market while providing a valuable service for a growing proportion of a more nuanced group of renters .”
WHAT LANDLORDS SHOULD KNOW
The drivers discussed in this article all point in one direction – the market is changing , and those who adapt will thrive as with life in general . As demand shifts and rental supply grows , adopting a strategic approach to managing your property portfolio is more critical than ever .
“ Our Ray White Property Management executive team has closely tracked these trends . We ’ ve seen firsthand how landlords can enhance their returns by making thoughtful investments in their properties , catering to tenant preferences , and ensuring they provide a highquality rental experience .
“ If you ’ re seeking guidance , tailored support , or strategic solutions to help you navigate these changing waters , our range of flexible services is designed to assist you with everything from managing rental arrears to tenant vetting , ensuring you can maximise the performance of your rental portfolio .
In today ’ s market , complacency is no longer an option . Landlords who succeed with great tenants will best understand the market ’ s demands , invest in their assets and work with experienced professionals to stay ahead of the curve . The opportunities are there – are you ready to seize them ?
For landlords interested in expanding their tenant base , a recent survey by the Retirement Commission offers a compelling opportunity . New data shows that the number of retirees renting privately is projected to double by 2048 , yet many landlords have not explored
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