According to the REINZ Southland properties provide investors with the second highest capital gain and the second highest yield in the country, mostly the result of low property prices and good rental returns across the region. That makes Southland a very attractive proposition for residential investors. Median prices in Southland went from $287,000 to $350,150 in the three months ending March 2020. That means the region’s capital gains increased by 22.0%, as compared to the same time last year. And yields increased 4.8% year on year. Coming in at second place was the West Coast. Now you may not want to live in Southland (although plenty of people do) but it certainly seems to be a standout performer in terms of residential investment. The Invercargill Propertyscouts office is the largest independent property management business in the city. The owners, Brad and Bex Harris, have a wealth of knowledge, being property investors themselves and have helped a lot of ‘out of towners’ climb onto the Southland property investment wagon. If you’re interested in hitching a ride on that wagon, then get in touch with Bex on 0272580885.
Investors take a shine to Southland National Propertyscouts
Not for the climate, but for the capital gain and yields!