Island Bay continues to be highly popular amongst tenants, providing an ideal opportunity for people looking to invest and grow their property portfolio.
Rent wise, Island Bay has been growing steadily. The current median asking rent in Island Bay is $577, up by 8.9% from the previous year, and up by 28.2% over the past three years.
Core Logic data also reveals the number of listings advertised has decreased by 37.5% over the past 3 years, indicating tenants are preferring to stay in properties rather than move around, which is great news for investors here who will be enjoying uninterrupted rental income year after year.
As capital gains are rising, so are the rent values and tenant demand, which is why Island Bay continues to look good for investors who are holding onto their properties, and for those who are looking to grow their portfolio.
If you're looking at investing in Island Bay (or are ahead of the game and have already invested), get in touch with us today.
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.
Quinovic Johnsonville | Wellington
Call Jordan Atkinson - 027 297 0873
Quinovic Hutt Valley | Wellington
Call Helen Vance - 027 487 8103
Quinovic Kent Terrace | Wellington
Call Jordan Atkinson - 027 297 0873
Quinovic Wellington Property Managers
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