Request the latest Ray White Investment Information Guide from our Marshland team if you are considering a rental purchase or reviewing a property you already own. Use it as a starting point for a conversation about the income assumptions, ownership costs and records that matter to your decision.
A Christchurch or Canterbury rental needs its own assessment. A sale price, advertised weekly rent or suburb average cannot tell you the property’s likely cash flow. Discuss rental prospects with Shelley Scott and take finance and tax questions to your qualified advisers.
Start with a realistic annual rent assumption, then allow for time between tenants and costs. Keep purchase costs, rates, insurance, management fees, maintenance, any body corporate charges and planned work visible. Separate recurring operating costs from borrowing, tax and major capital work so you know what a comparison includes.
For illustration, $650 a week for 52 occupied weeks is $33,800 annual rent. Dividing that by a $700,000 purchase price gives a gross yield of about 4.83%. Subtracting $6,000 of annual operating costs gives about 3.97% on the same price, before any vacancy, finance, tax or capital costs. These are arithmetic examples, not Marshland rent estimates or promised returns.
A budgeted expense is not automatically a tax deduction. Inland Revenue’s residential rental information explains the relevant income and deduction topics. Ask your accountant how current rules apply to your ownership and circumstances. Before buying, also check title and council records, condition, insurance and the work needed to make the property suitable for renting.
Use the contact form below and write “Please send me the Investment Information Guide” in Message. Add whether you are researching a purchase or reviewing an existing rental if you want a follow-up discussion. Ray White Marshland receives the request and its team will send you the latest copy.
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