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An investor looking to fast-track their portfolio growth should understand the triggers of value rises so they understand where to invest before prices start to rise and popularity grows within Wellington suburbs.
Falling Vacancy Rate
Seeking suburbs with a declining rate in tenant vacancies is a perfect way to discover which Wellington suburbs will surge in value. As a general rule, low vacancy rates mean tenants are moving in and staying within these suburbs, creating shortages in rental accommodation for tenants currently on the market. Also consider, when property vacancy numbers fall. Rents will usually increase within these Wellington suburbs, creating higher returns for investors.
Low Levels Of Properties Selling In Suburb
Try hunting for Wellington suburbs with low property numbers being sold. Low property availability often means owners are less willing to let go of their properties because of increasing demand in the area, showing potentially profitable opportunities for Wellington investors who are willing to keep an eye out for properties entering the market.
Rising Number of Auctions
Auctions are a good indicator of a coming surge in value. When demand becomes strong, real estate agencies will generally hold auctions for properties, to enable potential buyers to outbid each other and drive up the price. Auctions are often only successful when popularity in the suburb is strong, making auction numbers a good indicator of the coming surge in value for the suburb.
Prolonged Underperformance
Pursue suburbs that have been underperforming for extended periods yet are surrounded by suburbs that are rising in value. Usually the longer the underperformance period is, the quicker the recovery and rise in value and popularity for the Wellington suburb. So get in quick while property prices are lower than nearby areas to help create successful investments in suburbs that will soon be on the rise in popularity and value.
If you're considering Property Management get in touch with us today. Locally owned and managed, we offer residential property management services across the entire Wellington & Hutt Valley region.
We take care of investments, offering peace of mind and a personal service to investors and tenants alike. Our solutions are backed by industry-leading technology and proven systems that promote both excellent property care and strong investment returns. Taking on all aspects of the landlord’s role, we guide our clients with professional, tailored advice using our extensive experience and insight in the rental market that can only be built over time.
If you would like to chat about the possibility of working together, or to receive a no-obligation, FREE Rental Appraisal get in touch with our team today.
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