Source: Ray White New Zealand
GOOD NEWS FOR INVESTORS
Alongside changes to tenancy administration, investors are benefiting from a more supportive lending environment.
Moves by New Zealand’ s largest bank – ANZ – to expand access to lower-deposit lending for residential property investors have been welcomed by many within the sector.
“ While broader investment conditions remain more disciplined than they were several years ago, change signals a growing recognition of the important role private investors continue to play in providing rental housing to the one in three Kiwi households who rent.”
That role remains significant.
“ For investors who have spent years navigating policy changes, tax reform, higher interest rates and growing compliance obligations, there is a sense that some parts of the operating environment are beginning to move in a more constructive direction.”
HALF-YEAR HEALTH CHECK
“ Of course, easier administration and improved lending settings only solve part of the equation. For many landlords, the bigger question is whether their investment property is being managed as effectively as possible,” Snelling says.
Has the heat pump been serviced?
Is preventative maintenance being addressed before it becomes an expensive repair?
Has landlord insurance been reviewed recently?
Is the property achieving the best possible market rent?
“ As with many things in life, investment properties tend to perform better when small issues are addressed before they become larger ones.”
Zac Snelling, Ray White Group Head of Property Management
“ Which is why June has seen the launch of our Ray White Make the Move campaign.
“ Designed specifically for residential property investors considering a change in management, the initiative provides a range of practical incentives for landlords who transfer their property management services under our umbrella.”
Depending on the participating office, those benefits may include maintenance contributions, property improvements, landlord insurance or other value-added services worth hundreds of dollars.
“ In other words, if maintenance has been sitting on the to-do list for longer than you’ d like to admit, help is already available.”
“ We understand that changing property managers can feel like another task investors don’ t have time for,” Snelling says.“ That’ s why we’ ve focused on creating practical value that helps landlords improve their properties while making the transition as straightforward as possible.”
Or, as we like to put it, if you’ re feeling stuck with your current provider, we’ ll handle the break-up conversation for you.
While the rental sector will always involve responsibilities, it doesn’ t mean every process needs to be difficult – and after several years of complexity, a little simplification feels like progress worth celebrating.
For more information about Ray White’ s Property Management offering, visit pm. raywhite. com.
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