Rental properties have as a rule been a solid investment mainly because of the demand thereof and there is no reason to assume that the situation will change.
Due to the global economic crisis of the past few years, housing loans for the buying of the property would become problematic for home-owners, and the interest in rental housing increased as a result.
The attraction for the investor was not only the possibly regular monthly income but mostly the appealing capital growth pattern on the properties for rent in the Pacific Pines.
Through the nineties and until the economic crisis the resale value of homes increased significantly to unknown heights, making an investment in rental properties in the correct residential areas even more alluring.
At the lower end of rental properties, there once was rental control, but this act has been repealed and rent payments on all homes are flexible. In practice, however, any negotiation on rental prices is negated by the need for rental properties.
The rental market, nonetheless, is controlled by the now established by the Rental Housing Tribunal. Complaints on unfair rentals might be referred to as this tribunal for assessment.
The rental agencies are there to shield the interests of the landlords, the time has maybe come for those involved in charging excessively high rentals to re-examine their positions in the light of current monetary concerns in the country, which does not stand unaffected from any global issues particularly.