Real estate agents across the country told OneRoof they had seen an increase in enquiry from stressed mum and dad investors in the weeks leading up to the rule change.
Bayleys Canterbury has two auctions lined up for investors looking to take advantage of the bright-line rule change. As of last week, six investors had signed up to sell at the first auction, to be held at the end of this month.
The properties to be auctioned at the end of July will start coming online from the end of this week and range in value from $400,000 to $3 million. “What surprised me is we don’t have too much new townhouse stock. It’s all the second-hand properties coming onboard.”
Tom Rawson, who co-owns the Ray White Manukau franchise in South Auckland, said his agents were expecting an increase in activity from both sellers and buyers as a result of the bright-line rule change.
His office already had 30 properties signed up for a large auction it is holding at the end of the month, with many of the properties on the block being sold by investors. The properties so far were scattered around South Auckland including Otara, Otahuhu, Mangere, Takanini and Papakura, and ranged in value from early $600,000s to $1m-plus. They were a mix of new builds and older homes.
Tall Poppy Kāpiti Coast salesperson Vanessa Bond had also noticed a lot of mum and dad investors getting rid of their rental properties because they couldn’t afford to keep them. She was selling seven investment properties at the moment and said in most cases it was not because of the changes to the bright-line rule, but because people were struggling. “It’s so hard out there for a lot of people,” she said. “They just literally can’t afford to hold onto them. They went from a profit of $500 a month and now they are paying $1300 a month to top it up.”
各大中介看来最近要更加瞎忙了,卖不掉,房东撤单不卖,签更多的上市投资房,还是卖不掉。。。。。。。
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