Property investors staying put in this buyers' market
However there is a strong view that landlords will increase rents on their properties.
The QV survey shows that over the next six months 53% of landlords intend to increase their rents. Most said the rental increases would be between 1 and 5%, however 19% intended to raise rents by between 6 and 10%.
The main reason for the increases was to cover additional cost imposed on property.
Like the Landlords.co.nz survey QV says that the biggest impact of the Budget changes was one relating to depreciation. From next year investors will be unable to make some of their depreciation claims.
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