News
Auckland rent yields drop
Thursday 6th of October 2016
It has released its latest suburb report, for September, which shows that across the city, the average sales price for three-bedroom homes for the agency was $957,423 and the average rent $522. That means a gross yield of 2.85%.
That’s down from 3% in August. From that, investors must subtract expenses such as maintenance, rates, insurance and interest costs.
Yield was hig...
Want to read the full article?
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.