Opportunity Knocks

The latest release of data from Statistics New Zealand should keep residential property investors happy.

Immigration is soaring, accelerating to a net-inflow of 4000 people during March. Hamilton typically experiences the effect of an immigration boom six to nine months after it is first reported: New migrants often settle in Auckland before moving to the provinces.

This should have a twofold effect on residential rental property in Hamilton.

Firstly, as the population increases, initial upward pressure is likely to be forced on rents.

Secondly, as new migrants move to buy property and more competition for homes hots-up, prices are likely to increase.

Could this be the perfect time to add to your property portfolio before the effects are felt?

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