Interesting Insights from the NZPIF 2014 membership Survey
Some very good information and demographics from this years NZPIF survey:
Some interesting Insights:
The average investor had owned rental property for 17.8 years
The average value of properties held was $2.2m and debt $1m
The average maintenance spend was 8.7% of rents. This would be approximatly $2000 per property in Christchuch based on the average rent of $440 presently.
66% of rentals were heated by heat pumps.
58% of members manage their own properties
42% of owners had taken a dispute to the tenancy tribunal within the last 5 years, 60% of these were due to rent arrears and 22% were regarding damage to the property.
62% of respondants were male and 38% female. 66% were aged over 50.
For more interesting insights and the full results of the 2014 NZPIF yearly survey click here: