Insatiable demand for New Zealand investment property
Hamilton investment properties remain in hot demand in New Zealand at the moment, particularly for those below $1m and even more so for those below $500,000.
According to Managing Director of NAI Harcourts Hamilton, Mike Neale “Industrial and suburban retail properties appear to outperform all others, due to the limit in supply and future versatility. For those above $1m and especially over $2m, purchasers are increasingly discerning and carrying out thorough due diligence, with a view for quality tenants, long leases, structurally sound buildings, and hopefully future growth potential or upside. Investors are looking to mitigate risk factors, so split risk assets for larger assets is being viewed favourably.”