Join us from 11am on Thursday 29 August for a wide range of investment properties. Our auctions attract motivated sellers and present an excellent chance to find valuable investment opportunities in Canterbury’s resilient real estate market.
Don’t miss out on the opportunity to make a smart investment and secure your financial future.
More properties are regularly being added to this auction day.
The restoration of interest deductibility from April this year along with the Bright-line changes coming into effect from 1 July allowing investment properties to be sold after two years without incurring capital gains tax, will be warmly welcomed by property investors.
Christchurch, although its median house price is the lowest of the five major cities in New Zealand, has had a solid gain over the last four years and there is further room for growth. Property values in Christchurch have only fallen slightly in recent years, well behind those seen in Auckland, Wellington, Tauranga and Hamilton, showing greater stability and resilience within the local market. Rental yields are also currently amongst the highest in the country at 3.7%, well above Auckland which is sitting at 3%.
Investors looking to take advantage of the new Bright-line rules should get in touch with your preferred Bayleys Canterbury agent or ring 03 375 4700 to find out more about the dedicated residential investment auction event Bayleys is hosting. As a result of a two-year low volume activity, we have a substantial database of investors waiting for the right opportunity to make their move.
Reasons to sell your investment property
Reason to buy an investment property
Christchurch also offers a substantial portion of the market at lower price points, with 73% of properties priced under $800,000 compared to Auckland's 27% and Wellington's 54%. This broad availability of affordable properties increases the potential for investment opportunities. Furthermore, Canterbury boasts relatively high rental yields at 3.7%, which is competitive compared to other regions like Auckland, Waikato, and Bay of Plenty. This is complemented by the median weekly rent of $550 in March 2024, which indicates room for rental growth.
Overall, the combination of lower entry costs, resilient housing prices, substantial market availability at lower price points, and competitive rental yields makes Christchurch a promising location for property investment.
Take advantage of the green shoots being seen in the Canterbury housing market and list your home with Bayleys Canterbury this spring. Whether you’re upgrading from your current home, downsizing or simply looking for a change of scene, our experienced sales team will be with you every step of the way.