Articles posted in category: Rental

Rental Market Review
Published on: 2010-08-24

Rental Market Review

The recovery from the recession has not been as smooth as forecasters initially predicted. Although the economic conditions initially worked in favour of rental property (tenants spent longer renting before buying a house and, therefore, the occupancy rate initially improved), the downturn is now having an effect. Property managers report that with tighter budgets, tenants have become more price sensitive and value conscious. With a greater number of properties available, tenants also have more choice.… Read more

First Home Buyers – Get in First
Published on: 2010-07-21

First Home Buyers – Get in First

There is plenty of confusion in the market presently. Opinions are many while facts are few which is a dangerous proposition for young people thinking of entering the market. Here is our take on what is on the immediate horizon. First let us look at the reasons buying may be attractive. Firstly, house prices, by any measure, have in real terms retreated significantly from their highs. In many segments of the market you can purchase properties below their replacement value. In October GST rises… Read more

June 2010 Rental Market Update
Published on: 2010-06-18

June 2010 Rental Market Update

As winter is arriving the traditional slowing down of rental activity is starting to take effect. Tenants tend to “bed down” for winter so it is vital tenancies have been secured. With millions of dollars in subsidies available for insulation and clean burning heating, we have been busy modernising our older houses. Colder, damp homes stay empty for longer as tenant expectations continue to rise. Like all business we have to ensure our stock remains competitive to maintain our current high occupancy… Read more

Budget Analysis
Published on: 2010-05-29

Budget Analysis

In this 4 minute clip Rototuna Branch Manager and multi-dwelling investment specialist Campbell Scott considers the Budget implications for property investors ... how can you mitigate the effect on cash flow now that you are unable to claim building depreciation? Campbell Scott comments on the budget Read more

Hamilton Rents Moving
Published on: 2010-04-22

Hamilton Rents Moving

Rents across the portfolio are under upward pressure as occupancy levels remain at historically strong levels. The increase of the University roll has put pressure on the city’s already bulging rental accommodation. Our property managers are busy reviewing rents on individual properties and increasing them when the opportunity arises.  We have noticed that our larger landlords have been adding to their property holdings. These experienced investors sense that the property taxes to be announced… Read more

Rental Property Under Pressure
Published on: 2010-04-06

Rental Property Under Pressure

The number of tenants looking for a place to rent increased dramatically in the first quarter.   January and February are seasonally the busiest months of the year as students return to the city and new transferees relocate. However, this year was more pronounced than usual.   The Lodge City Rentals portfolio was at record occupancy prior to January and maintained about 99% occupancy throughout the quarter. As the University semester approached, student rentals filled early. Further, with an… Read more

Opportunity goes begging
Published on: 2010-02-18

Opportunity goes begging

As reported last month the portfolio continues to be stretched. Occupancy is at a record high for this time of the year placing upward pressure on rents. At the same time the sales team advise that there is a distinct lack of investors buying at the moment despite some well priced properties with terrific yields being available. We note that some of our largest landlords are actively buying which is an indicator to new investors. Buy when everyone else is fearful advises Warren Buffet of stocks and… Read more

Busy start for rentals
Published on: 2010-01-20

Busy start for rentals

January signals the beginning of the busiest letting period for the Hamilton residential rental market and is a crucial indicator of market strength. In addition to welcoming students back to Hamilton we help settle new transferees into the city. This year prospective tenants are finding less of a selection available to them than in previous years. The drop in residential investment sales over the past two years has had the effect of shortening the city’s stock of suitable rental properties. Ultimately,… Read more

Investor Guru Andrew King – Buy Now
Published on: 2009-11-27

Investor Guru Andrew King – Buy Now

Vice Chairman of the New Zealand Property Investors Federation Andrew King addressed a random selection of Lodge Andrew King at Lodge City Rentals City Rentals landlords in Hamilton last night. Mr King used insightful statistical analysis to reveal his interpretation of the direction of residential investment market in Hamilton. He firmly believes that the short term outlook is relatively stagnant but the longer term prospects for Hamilton are strong. This creates a buying window for investors… Read more

CASE STUDY - Building your wealth
Published on: 2009-11-05

CASE STUDY - Building your wealth

Background First time investors had bought a property as a rental which was managed by Lodge City Rentals. The investors were interested in building their portfolio and subsequent cash flow and asked Lodge City Rentals for some direction as to the best way to do it. Business Challenge Whilst the investors had benefited from the improvement in property prices from their time of purchase they were not in a position where the bank would allow them to release enough equity in their current properties… Read more

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