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Business Scoop » West Coast Takes Out Top Spot As Highest Performing Region For Residential Investors, Says REINZ

Press Release – REINZ The West Coast has taken out the top spot as the highest performing region for residential investors with the highest yield and second highest capital gains, according to the latest edition of the Capital Gains and Rental Yields Report for Q3 from the Real … The West Coast has taken out the top spot as the highest performing region for residential investors with the highest yield and second highest capital gains, according to the latest edition of the Capital Gains and Rental Yields Report for Q3 from the Real Estate Institute of New Zealand (REINZ). Yields in the West Coast increased 6.3% year-on-year; the only region in the country to see a yield over the 5% mark. Additionally, capital gains in the West Coast increased 27.0% for the three months ending September 2020 when compared to the same time last year with median prices going from $196,000 to $249,000 making it the standout region for residential property investors in New Zealand.

Crossing the Cook Strait divide

ROSA WOODS After searching for an investment property in Wellington, Griffin Sharma discovered he could get a better deal down south. Forget inter-island rivalry. It seems that the idea of buying property in the South Island has never been so desirable to North Islanders and vice versa. New data from Realestate.co.nz reveals a big increase in the number of North Island property seekers who are looking south while, at the same time, the data shows more South Islanders are turning their attention to the north. CHRIS SKELTON/STUFF Hundreds of people passed through the Harcourts Gold Papanui auction house on December 3, 2020, as the city s property market continues to heat up.

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