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Property Investors Show Resilience in Slump: Survey

Property investors are looking for bargains and raising rents, according to the inaugural landlords.co.nz quarterly survey. The results show 20% of those polled intend buying a rental property before the end of the year and 52% aim to increase their portfolio by Christmas 2009.

Thursday, September 11th 2008, 12:00AM

by The Landlord

The nationwide online survey was conducted last week and elicited 600 responses. The survey is designed as a barometer of investors' intentions. Investors were divided about the direction of house prices in the next six months, with 42.5% predicting no change and 47.5% expecting prices to deteriorate. Ten percent of investors were optimistic, saying prices are set to rise.


The survey also showed many investors have managed to raise rentals during a period when the property market has been characterized as being in a slump. Of those polled, 45.7% increased rents in the past six months and 66.5% had put up their rents in the past 12 months.

The biggest percentage of landlords, 38.5%, raised rents by 1% to 5%, while 34% increased rents by 6% to 10%.

Those cutting rents in the past six months amounted to 7.8%, with 75.5% saying they have never decreased rents.

Looking out over the next six months, 28.8% expect rents will rise, 59.3% say they will remain unchanged and 11.8% predict a decrease.
« NZ average house price fall 6.8% in October: QVMedian house price rises in October: REINZ »

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 4.94 - - -
AIA - Go Home Loans 7.49 ▼5.54 ▼5.29 5.59
ANZ 7.39 6.17 6.04 6.19
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.57 5.44 5.59
ASB Bank 7.39 ▼5.54 ▼5.29 5.59
ASB Better Homes Top Up - - - 1.00
Avanti Finance 7.90 - - -
Basecorp Finance 8.35 - - -
BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.54 - - -
BNZ - Rapid Repay 7.54 - - -
BNZ - Std 7.44 ▼5.55 5.29 ▼5.59
BNZ - TotalMoney 7.54 - - -
CFML 321 Loans 5.80 - - -
CFML Home Loans 6.25 - - -
CFML Prime Loans 7.85 - - -
CFML Standard Loans 8.80 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.49 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 6.95 5.59 5.49 5.69
Co-operative Bank - Standard 6.95 6.09 5.99 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - ▼5.79 ▼5.69 -
First Credit Union Standard 7.69 ▼6.49 ▼6.19 -
Heartland Bank - Online 6.99 5.49 5.39 5.45
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.15 6.50 6.30 -
ICBC 6.95 ▼5.55 5.59 5.59
Kainga Ora 7.39 5.79 5.59 5.69
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.25 6.45 ▼6.19 ▼6.39
Kiwibank - Offset 7.25 - - -
Kiwibank Special 7.25 5.55 ▼5.29 ▼5.59
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 7.94 5.55 5.84 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 7.49 6.95 6.29 6.29
SBS Bank Special - 5.89 5.49 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 4.94 4.89 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.39 - - -
TSB Bank 8.19 6.39 6.25 6.39
TSB Special 7.39 5.59 5.45 5.59
Unity 7.64 ▼5.59 ▼5.49 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society 7.70 5.95 5.75 -
Westpac 7.39 6.19 5.99 6.19
Westpac Choices Everyday 7.49 - - -
Westpac Offset 7.39 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 5.59 5.39 5.59
Median 7.49 5.69 5.69 5.69

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