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CPII Survey September 2018

PRESS RELEASE

Each month Crockers Property in partnership with independent market research firm Ipsos, survey Auckland property investors for their comments and thoughts on the Auckland property market. The results of the latest CPII survey (Crockers Property Investment Index) are as follows:

  • Property investors are now 13% less likely to seek a methamphetamine test before investing in a new rental property (now down to 58%).
  • Over time, there has also been an increase in the proportion of property investors who budget for property maintenance (28%, up 11 points on Jul ‘14). 
  • The Auckland Rental Property Investment Index has remained stable this month, due to an increase in those looking to expand the size of their investment portfolio and a minimal increase in those looking to reduce the size of their property investment this month.
  • The Auckland Rental Property Performance Index has experienced an increase this month, as a result of an increase in those who believe the Auckland rental market will improve.

More Landlords are budgeting for planned maintenance and fewer are concerned about Meth

Rental property maintenance budgets are becoming better planned

Although the majority of investors do not have a set budget for maintenance to their property and just pay for maintenance as required, there has been a consistent increase in property investors who have set rental property maintenance budgets (up 11 points since Jul ‘14).

Note: Excludes ‘don’t know’ and ‘does not apply’ answers.

Q: Thinking about maintenance for your investment property, do you have a set budget for maintenance each year?

Methamphetamine Test for New Property

This wave there has been a decrease (down 13 points since Aug ‘16) in the proportion of investors who would ask for a methamphetamine test to be done on any new property they were purchasing, perhaps as a result of new evidence which suggests that low levels of meth that were thought to be harmful in fact pose minimal health risks (82% were aware of this new research).

Note: Excludes ‘not applicable’ answers.

Q: If you were looking to add to your investment portfolio, would you ask for a methamphetamine test to be done on your property?

Methamphetamine Test for Existing Property

Following a similar pattern as those who look to test for methamphetamine for a new property, this wave there has been an increase in the proportion of investors who would not be prepared to pay for a methamphetamine test on their property (up 8 points).

Note: Excludes ‘not applicable’ answers.

Q: As a landlord, would you be prepared to pay for a methamphetamine test on your investment property

Crockers Property Investment Index

Auckland Rental Property Performance Index

The Auckland Rental Property Investment Index has remained relatively stable this month, due to a slight increase in those looking to increase the size of their investment portfolio.

The Auckland Rental Property Performance Index increased substantially this month, as a result of a sharp increase in those who believe the Auckland rental market will get better.

 

 

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