SHORT TERM RENTAL?
ome. If this is in fact
e properties make it
ntal market, we will
f listings.
, moving into winter,
amongst investors
ifficult times to lease
ry to February leases
ellington market, we
at property is even
s tenants are offered
with more homes on
er lease times make
erned investors. Yet
fret just yet. There
a market for shorter
Wellington. Having
nks and many private
re calls for a large
stays from people
ss in Wellington. As
ut surely returns to
will resume allowing
port of short-term
e capital until such
o business as usual.
ould potentially see
returning to New
a safer option than
ho will be eyeing up
y in an Airbnb while
investors with an established portfolio
or homeowners who could capitalise
on established equity in their existing
properties. With banks able to increase
lending to these investors, and with cash
cheaper to borrow than ever thanks to a
record low Official Cash Rate, now might
be the time to start getting your ducks in
a row to capitalise on opportunities which
may come to the market. If investors with
short-term accommodation decide to exit
the rental market as the outlay of effort
outweighs the potential returns, a wealth
of beautifully appointed homes which
would make ideal investment properties
may enter the sales market to bolster your
portfolio.
If you are looking to buy an investment
property, or if you want to know more
about what to look out for when buying
investment properties to add to your
portfolio, our property managers are more
than happy to have a conversation with
you anytime to find out how they can
best advise you. Being attached to a highperforming
sales team, Tommy’s Property
Management have access to a wealth
of properties which may suit your next
real estate move. To find out more about
what we can do for you, or to discuss
moving your short-term rental to longer
term management, feel free to give us an
obligation free call anytime on 04 381
8604.
kely scenario is that
enough business to
may find themselves
level than they are
to, which could
ell, either through
se the investment
er worth the effort
vestment property.
’ announcement to
ions, could present
opportunities for
Harrison Vaughan
Managing Director