Coast the toast of the regions

It has the highest rental yield and second highest capital gains across New Zealand, data from REINZ’s latest Capital Gains and Rental Yields Report shows.

Investors reaped a rental yield of 5.3% from West Coast properties for the six months ending June 2022. Although it was an annual drop of 0.1%, it was the highest yield recorded in the 16 regions.

Rental yield is the measure of rental income against its purchase price. The report calculated yield by looking at annualised median rent compared to a region’s house median price.

Capital gains were up 19.4% over the same period – the second highest capital gains across the country. The median price for residential property rose from $289,000 in in the first half of last year to $345,000 in the first half of this year.