Rental Properties Manawatu, Palmerston North

Posted on Thursday, May 22 2014

Manawatu is a great place to live, work, play and invest in residential property.

According to the 2013, census, in Palmerston North there is just less than 8,000 rental properties occupied and are either privately owned, in a Trust or Business.

In the wider Manawatu region, there are just over 2,500 privately owned rental properties.

Compared to the 2006 census there has been a 10% increase in rented occupied private dwellings in Palmerston North and in the Manawatu District: an increase of 32.1%.

Eighty thousand people live in Palmerston North and 38% of the population rent in Palmerston compared to 35.2% nationally.

According REINZ the average sale price is $311.111 in Palmerston North while in the Manawatu region the average sale price is $233,333. Compared to the New Zealand average sale price of $444,444

 

Rental Properties Manawatu, Palmerston North

 

Affordability
Looking at these stats above, Palmerston North stacks up as a great place to invest in residential property if you are looking for cash flow.
The medium sale price in the wider Manawatu such as Feilding is just over $200,000 cheaper than the average NZ sale price and in Palmy, it is $130,000 cheaper than the average NZ sale price.

The population that rent in Palmerston North is slightly higher than nationally.
This means there are opportunities available to the property investor. Of course you need to put in many hours of your time to find these great deals as with anywhere in the country, very seldom do they drop in your lap.

Property Sourcing
As Investors ourselves we are continually in the market looking for great deals
Through our great networks and connections, we can assist to help you locate and support you to negotiate fantastic deals that meet your buying criteria saving you many hours of searching.

If you need help to organise registered valuations, Building Inspections, Rental Appraisals, and more depending on your requirements we can organise this for you.

We can also support you with the negotiation and due diligence process on a property.

Property Management

Many investors spend a large amount of time and effort carefully researching the property markets, carry out due diligence, and then finding the top investment, they then ignore the role that a professional property manager can play in preserving their property’s capital value and maximizing its income.
Go to AllWaysProperty.co.nz to freely download The 21 Secrets to finding the Right Property Manager

Testimonial

“I used Richard at All Ways Property for a few years to manage one of my properties. I always found him to be thorough, kept me informed, of anything I needed to know, and great to deal with. It made things easy for me living out of the area, Richard took care of everything and I would highly recommend him to look after any of your rental properties.”

Graeme Fowler – Havelock North

 

“As an overseas property investor, I am particularly grateful to Richard and Maxine for their dedication and integrity in managing my property portfolio. Initially I transferred my block of seven units to All Ways Property Management; previously these units had significant maintenance problems and a low occupancy rate of around 20%.

Richard and Maxine quickly provided excellent/creative advice on enhancing the units and diligently managed significant renovation projects in a very professional manner, the result now are high quality units getting increased rent with currently 100% occupancy. I was so impressed I transferred all my other properties to All Ways Property. Richard and Maxine implement sound property management principles to ensure my properties are in a well-maintained condition to both maximize the rental returns and keep satisfied long-term tenants.

I would highly recommend All Ways Property Management.”

John Watson – U.S.A.

 

 

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Expert's Bio

Richard Gardner - Allways Property Management

All Ways Property Management is a company founded by Richard and Maxine Gardner in April 2009. Servicing the Manawatu – Palmerston North, Feilding, Ashurst, Aokautere And the Tararua region – Pahiatua , Woodville. At All Ways Property we believe: Diligent tenant selection, regular inspections, market rent, and high occupancy equal maximum return on your Investment. (This best describes who we are and our focus is in what we do) Find Richard on Google+

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