Property investors banking on higher rents

More Kiwis are holding onto their property investments in anticipation of increased cash flow on higher rents, rather than expectations of capital gain.

The results are contained in the latest ANZ Property Investment Survey of more than 1800 property investors, 80 per cent of whom said they were planning to hike rents by up five per cent in the next year - 26 per cent of them because of the May Budget.

ANZ New Zealand general manager specialist distribution Craig Moffat said landlords were recognising the dynamics of their industry had changed.

"They are wisely managing their portfolio as a business, focusing more on achieving positive cash flow and managing risk, rather than capital gains."

Source: NZHerald.co.nz