
News
Manawatu big on yields
Monday 22nd of August 2005
The region’s economy is humming, capital gains are being made on residential property for the first time in many years and housing stocks are lean, say market watchers.
Rental yields are averaging about 10%, but 12 to 14% yields are not uncommon on older style properties, says Harcourts Wakelin general manager Rohan Teaz.
The yield on newer houses is about 8%, he says.
The Real Est...
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