PHOTO: Property Insights
Real Estate Institute of New Zealand (REINZ) has released up-to-date data in their Q2 2020 report for residential property investors. We can see that over the last three months ending June, capital gains in Southland increased by 19.3% compared to the same time last year. Their rental yield has also increased by 4.9% year on year, making them the best performing region in New Zealand.
On the other hand, the report found that Auckland had the third-lowest capital gains across the country and the lowest annual yield of all regions, making them the last in the table performance-wise for residential property investors.
Bindi Norwell, CEO at REINZ, commented that despite COVID-19 bringing a significant portion of real estate activity to a halt in April, all regions across the country saw a solid uplift in capital gains for investors as a result of strong median price increases.
Capital Gains and Rental Yield Report_Q2_2020_FINAL[4]_0
READ THE FULL REPORT HERE:
