REINZ Capital Gains and Rental Yield Report

Are you interested in the current capital gains and rental yield performance within New Zealand?

Real Estate Institute of New Zealand (REINZ) has released up-to-date data in their Q2 2020 report for residential property investors. We can see that over the last three months ending June, capital gains in Southland increased by 19.3% compared to the same time last year. Their rental yield has also increased by 4.9% year on year, making them the best performing region in New Zealand.

On the other hand, the report found that Auckland had the third-lowest capital gains across the country and the lowest annual yield of all regions, making them the last in the table performance-wise for residential property investors.

Bindi Norwell, CEO at REINZ, commented that despite COVID-19 bringing a significant portion of real estate activity to a halt in April, all regions across the country saw a solid uplift in capital gains for investors as a result of strong median price increases.

For further information, please contact Dee Crooks, Head of Communications at REINZ, on 021 953 308.

This release was originally published on REINZ blog.