Southland is still the best performing region for residential property investors, according to a Real Estate Institute of New Zealand report. The Capital Gains and Rental Yield Report says capital gains in Southland has increased by 22 per cent for the three months ending March when compared to the same time last year - the second highest capital gains in the country. Southland also holds the second highest yield in the country, which increased 4.8 per cent year-on-year. "Looking forward, it will be interesting to see what level of impact Covid-19 has for residential property investors, particularly when you take into account the rental freeze and some tenants' inability to pay their rents due to job losses." The report found that Auckland had the third lowest capital gains across the country and the lowest annual yield of all regions, making it the worst performing region for residential property investors.

Source: Stuff June 17, 2020 01:30 UTC