With the population boom in Auckland over the years, property investment has become a hot topic. To make the most bang for your buck, it’s important to find the right type of real estate in the right market, in a neighbourhood with high livability, accessible amenities, and financially feasible selling prices. Sounds like a lot to ask? Think again.

Nestled between Silverdale and Orewa, up-and-coming suburb Millwater ticks all these boxes—and more. Five communities are spread around a tapestry of rolling hills and gentle rivers, with an expanding business centre, growing number of local businesses, access to a range of kindergartens, primary and secondary schools, and a plethora of parks, fields, and beaches for all your recreational needs.

Property Investment Opportunities

The future looks bright in Millwater: the new suburb offers plenty of development options for investors looking at other property types. Common types of rental properties include single-family houses, townhouses, and multi-tenant buildings, all providing unique benefits and drawbacks. Single-family rentals are popular amongst investors for their high demand and multiple exit strategies—these property types are familiar with owners, tenants, and property managers alike, and plenty of financing options are available.

When you’re wanting to sell a rental house, you can sell to owner-occupants, other investors, or design a rent-to-own agreement with the current tenant. Tenants generally take better care of these properties, meaning less risk is involved. Importantly, the type of property you invest in will produce different rental yields.

Predicting a High Rental Yield

Rental yield—the yearly revenue generated by your investment property—is dependent on your property’s value and the weekly rent you charge the tenants. High rental yields can cover mortgage repayments and supply cashflow for property maintenance; it can also indicate the property’s value, and the potential for capital gains to build long-term wealth. Successful investors achieve high rental yields by choosing the right property type within the suburb. Millwater offers house and land packages across their five communities: Arran Hills, Arran Point, Seaview, Ridgedale, and Bonair.

Due to the amenities and accessibility of the area, single-family dwellings are likely to make high rental yield, with a strong demand for homes as families look to settle down in the tranquil region. Regardless of the real estate you’re after, a high, stable rental yield is only possible through securing good tenants to maintain rental payments through all 52 weeks of the year, and appreciating the value of your property. This can be a hard task—unless you know the right people for the job.

Property Management in Millwater

Interested in Millwater property? Whether you’re a seasoned investor or just starting out in the market, Vertigro are the property management pros you need. It can be tricky to find responsible tenants and upkeep a secondary property. That’s why Vertigro offers easy and effective project management, so you can be sure your investment is kept in pristine condition with hand-picked tenants.

Based in Red Beach, the owner-operated company promises to take care of all the nitty-gritty. Their experienced team advertises your property, finds the right tenants and deals with all the paperwork in between. You won’t have to worry about references or credit checks, or keeping up with rent payments and tenant agreements—yet you maintain full control over your investment, with the final decision on every potential tenant. Vertigro goes through the lengths to find the right tenant for your home, including thorough screening processes and personal tours of the premises, and communicating regularly to maintain a positive relationship.

Every three to four months, they complete a comprehensive report with photos and comments from their regular inspections, as well as drive-by checks for close monitoring of the property. The team at Vertigro strive to stay at the top of the game, which is why they emphasise training, upskilling, and networking with legal experts and other property managers. You only receive a top-of-the-line service that sets the industry standard.

With 18 years of hands-on experience in the North Shore region, you know you’re working with the best in the property management business. Get in touch today and start your investment journey with Vertigro.