Propertyscouts Dunedin

There's never been a better time to buy (part ii) - 2nd Aug 2011

Since our article in the June/July Propertyscouts news bulletin we have helped five of our landlords add additional properties to their rental portfolios. This has included ‘scouting’ the property market and looking for properties we think would make good rentals. Often for landlords/investors they just don’t have the time (or ability due to location etc.) to do the leg work. That’s where we can help because we’re doing it all day – every day. Some of the (better) Real Estate agents are realising that we are active in this area on behalf of our investors and this can present an opportunity for a ‘heads-up’ before a property goes on the market. For those investors happy to do the leg work we can help with (free) written rental appraisals to help convince the bank manager and for your own peace of mind.

Of the five investors we have helped recently three have completed settlement and their properties are now fully tenanted, one has settled but has a couple of weeks of maintenance work to complete – we have received one off-shore tenancy application for this property already. The remaining property settles at the end of August. We’re confident we’ll have a great tenant lined up by then.

In the last edition of the New Zealand Property Investor magazine there was a short article analysing the best NZ location for owning a rental property. Taking into account all of the relevant factors the article (written we think by an Aucklander) stated that Dunedin still represented the best location! As we said…there’s never been a better time to buy.

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