PHOTO:ALDEN WILLIAMS/STUFF Southland has capital gains and high yields, the Real Estate Institute says.
If you want a solid property investment, Southland may be the place to find it, new Real Estate Institute research suggests.
The institute said Southland had the highest capital gains in the country and the second-highest yield.
Values in Southland increased by 22 per cent for the three months ending March when compared to the same time last year.
Yields increased 4.8 per cent year-on-year, which the institute said made it the standout region for residential property investors in New Zealand.
Close behind in terms of strong returns for investors was the West Coast region, with the third-highest capital gains in the country, up 17.4 per cent, but the highest yield for New Zealand at 6.1 per cent.
Similarly, the Manawatu-Whanganui region performed very well in terms of capital gains, up 23.9 per cent year-on-year, the highest in the country, and had good annual yields at 4.3 per cent annually.
All regions across the country saw a good lift in capital gains for investors a result of strong median prices increases; with all but three regions – Auckland, Canterbury and Nelson – experiencing double-digit increases,” said Real Estate Institute chief executive Bindi Norwell.
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