{"id":4444,"date":"2026-10-18T20:58:23","date_gmt":"2026-10-18T20:58:23","guid":{"rendered":"https:\/\/mikegrant.co.nz\/blog\/?p=4444"},"modified":"2026-10-18T20:58:39","modified_gmt":"2026-10-18T20:58:39","slug":"analyse-rental-property-before-buying","status":"publish","type":"post","link":"https:\/\/mikegrant.co.nz\/blog\/analyse-rental-property-before-buying\/","title":{"rendered":"How to Analise a Rental Property Before Buying"},"content":{"rendered":"<h2 id=\"table-of-contents\">Table of Contents<\/h2>\n<ul>\n<li><a href=\"#why-analysing-a-rental-property-before-buying-matters\">Why Analysing a Rental Property Before Buying Matters<\/a><\/li>\n<li><a href=\"#step-1-estimate-rental-income-and-market-rent\">Step 1: Estimate Rental Income and Market Rent<\/a>\n<ul>\n<li><a href=\"#researching-comparable-properties-and-local-market-rent\">Researching Comparable Properties and Local Market Rent<\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"#step-2-run-a-rental-yield-calculation\">Step 2: Run a Rental Yield Calculation<\/a><\/li>\n<li><a href=\"#step-3-build-a-rental-property-cash-flow-calculator\">Step 3: Build a Rental Property Cash Flow Calculator<\/a>\n<ul>\n<li><a href=\"#the-four-blocks-every-cash-flow-model-needs\">The Four Blocks Every Cash Flow Model Needs<\/a><\/li>\n<li><a href=\"#operating-expenses-to-include-in-your-numbers\">Operating Expenses to Include in Your Numbers<\/a><\/li>\n<li><a href=\"#turning-the-model-into-a-weekly-figure\">Turning the Model into a Weekly Figure<\/a><\/li>\n<li><a href=\"#a-reusable-worksheet-structure\">A Reusable Worksheet Structure<\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"#step-4-complete-your-rental-property-due-diligence-checklist\">Step 4: Complete Your Rental Property Due Diligence Checklist<\/a>\n<ul>\n<li><a href=\"#translating-inspection-findings-into-dollars\">Translating Inspection Findings into Dollars<\/a><\/li>\n<li><a href=\"#legal-and-regulatory-due-diligence\">Legal and Regulatory Due Diligence<\/a><\/li>\n<li><a href=\"#checking-the-numbers-behind-the-checklist\">Checking the Numbers Behind the Checklist<\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"#step-5-a-full-rental-property-analysis-example\">Step 5: A Full Rental Property Analysis Example<\/a><\/li>\n<li><a href=\"#step-6-stress-test-the-deal-with-downside-scenarios\">Step 6: Stress-Test the Deal With Downside Scenarios<\/a><\/li>\n<li><a href=\"#conclusion\">Conclusion<\/a><\/li>\n<li><a href=\"#frequently-asked-questions\">Frequently Asked Questions<\/a><\/li>\n<\/ul>\n<p><em>Last Updated: October 18, 2026<\/em><\/p>\n<h2 id=\"why-analysing-a-rental-property-before-buying-matters\">Why Analysing a Rental Property Before Buying Matters<\/h2>\n<p>Buying a rental property without running the numbers first is how smart people end up with expensive mistakes.<\/p>\n<p>This guide from Big Mike walks through how to analyse a rental property before buying, step by step.<\/p>\n<p>The stakes are real. A rental purchase ties up your deposit, your borrowing capacity and years of your time. Get the rent estimate wrong by a little, and the shortfall compounds every single week.<\/p>\n<p>Below, we break down exactly how to estimate income, calculate yield, build a cash flow model, and stress-test the whole thing before you sign anything.<\/p>\n<div style=\"margin:1.5rem 0;padding:16px 20px;background-color:#f0fdf4;border-left:4px solid #bbf7d0;border-radius:0 8px 8px 0\">\n<strong style=\"display:block;margin-bottom:4px;color:#111827;font-size:14px\"> Key Takeaway<\/strong><br \/>\n<span style=\"color:#374151;font-size:15px;line-height:1.6\">A deal that works on paper at full occupancy and top-market rent is not a safe deal. It is a best-case scenario. Always test the downside before you commit.<\/span>\n<\/div>\n<h2 id=\"step-1-estimate-rental-income-and-market-rent\">Step 1: Estimate Rental Income and Market Rent<\/h2>\n<p>Start with rent, because everything else flows from it. Market rent is the weekly amount a willing tenant would pay for a comparable home in the same area, right now.<\/p>\n<p>Too many buyers use the vendor&#8217;s figure or a hopeful guess. Neither counts as evidence.<\/p>\n<h3 id=\"researching-comparable-properties-and-local-market-rent\">Researching Comparable Properties and Local Market Rent<\/h3>\n<p>Pull together at least five recently rented homes near the property. Match them on:<\/p>\n<ul>\n<li>Bedrooms, bathrooms and floor area<\/li>\n<li>Age, condition and heating<\/li>\n<li>Off-street parking and outdoor space<\/li>\n<li>School zones and distance to shops or transport<\/li>\n<\/ul>\n<p>Then adjust. A renovated kitchen might justify a small premium. A busy road or a shared driveway might pull the figure down.<\/p>\n<p>Local property managers are the most useful source here. They know what actually leases and what sits empty. Ask two or three for a written rent estimate, and treat any figure well above the pack with suspicion.<\/p>\n<h2 id=\"step-2-run-a-rental-yield-calculation\">Step 2: Run a Rental Yield Calculation<\/h2>\n<p>Rental yield calculation tells you what return the property generates before you factor in mortgages or tax. It is the quickest filter for sorting good deals from average ones.<\/p>\n<div class=\"video-embed-container my-8 bg-gray-50 rounded-lg p-4\">\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><iframe title=\"How To Analyze A Rental Property (FAST &amp; SIMPLE)!\" width=\"500\" height=\"281\" data-src=\"https:\/\/www.youtube.com\/embed\/44QwHgDMD4o?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe><\/div>\n<div class=\"video-info mt-3\">\n<h4 class=\"text-lg font-semibold text-gray-800\"><a href=\"https:\/\/www.youtube.com\/watch?v=44QwHgDMD4o\" target=\"_blank\" rel=\"noopener\">How To Analyze A Rental Property (FAST &amp; SIMPLE)!<\/a><\/h4>\n<p class=\"text-sm text-gray-600 mt-1\">Real Estate Skills<\/p>\n<\/p><\/div>\n<\/div>\n<p>Gross rental yield is annual rent divided by purchase price, expressed as a percentage.<\/p>\n<p><strong>Example:<\/strong> A property bought for $650,000 renting at $550 per week returns $28,600 a year. That is a gross yield of about 4.4%.<\/p>\n<p>Gross yield ignores costs, so treat it as a starting point only. Net yield subtracts ongoing expenses and gives a truer picture. A property with a high gross yield but heavy maintenance can easily return less than a tidy low-maintenance home.<\/p>\n<h2 id=\"step-3-build-a-rental-property-cash-flow-calculator\">Step 3: Build a Rental Property Cash Flow Calculator<\/h2>\n<p>A rental property cash flow calculator is the tool that turns a maybe into a yes or no. It adds up every dollar coming in and every dollar going out, then shows what is left each week.<\/p>\n<p>Set it up as a simple spreadsheet with income at the top and costs below. The order matters, because each line feeds the next.<\/p>\n<figure class=\"article-content-image my-8\" style=\"margin:2em 0;padding:0;background:transparent;border:0\"><img decoding=\"async\" data-src=\"https:\/\/mikegrant.co.nz\/blog\/wp-content\/uploads\/2026\/10\/how-to-analyse-a-rental-property-before-buying-content-1-1792355698.jpg\" alt=\"A person at a kitchen table with a laptop, calculator, notepad and printed property listing working through rental numbers, warm natural light, ARIZTO logo visible on laptop screen\" class=\"w-full rounded-lg shadow-lg lazyload\" style=\"--smush-placeholder-width: 1200px; --smush-placeholder-aspect-ratio: 1200\/675;display:block;width:100%;max-width:100%;height:auto;border-radius:8px;margin:0 auto\" title=\"How to Analise a Rental Property Before Buying\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\"><figcaption class=\"text-sm text-gray-600 mt-2 text-center\" style=\"font-size:0.875em;color:inherit;opacity:0.75;text-align:center;margin-top:0.6em\">A person at a kitchen table with a laptop, calculator, notepad and printed property listing working through rental numbers, warm natural light, ARIZTO logo visible on laptop screen<\/figcaption><\/figure>\n<h3 id=\"the-four-blocks-every-cash-flow-model-needs\">The Four Blocks Every Cash Flow Model Needs<\/h3>\n<p>Build your calculator in four blocks so nothing gets double-counted.<\/p>\n<ol>\n<li><strong>Gross income<\/strong>, annual rent at the assessed market figure, not the vendor&#8217;s number.<\/li>\n<li><strong>Operating expenses<\/strong>, rates, insurance, management, maintenance, vacancy, compliance.<\/li>\n<li><strong>Financing costs<\/strong>, mortgage repayments at current interest rates, split into principal and interest.<\/li>\n<li><strong>Tax and ownership costs<\/strong>, accounting, any body corporate levies, and the tax treatment of your structure.<\/li>\n<\/ol>\n<p>Work top to bottom. Gross income minus operating expenses gives net operating income. Subtract financing to get pre-tax cash flow. Then apply tax to reach the figure that actually hits your bank account.<\/p>\n<h3 id=\"operating-expenses-to-include-in-your-numbers\">Operating Expenses to Include in Your Numbers<\/h3>\n<p>Most buyers underestimate costs. A common mistake is forgetting the expenses that only show up once or twice a year.<\/p>\n<p class=\"cta-inline\" style=\"background-color: #78939508;border-left: 4px solid #789395;padding: 16px 20px;margin: 24px 0;border-radius: 0 8px 8px 0\">\n     <a href=\"https:\/\/mikegrant.co.nz\" style=\"color: #789395;font-weight: 600;text-decoration: underline\">Book Appraisal \u2192<\/a>\n<\/p>\n<ul>\n<li>Mortgage repayments at current interest rates<\/li>\n<li>Rates and insurance<\/li>\n<li>Property management fees<\/li>\n<li>Maintenance and repairs, budgeted as a yearly allowance<\/li>\n<li>Vacancy allowance for empty weeks between tenants<\/li>\n<li>Accounting and compliance costs<\/li>\n<\/ul>\n<p>Budget maintenance as a percentage of rent rather than a round number. A common pattern among local investors is to set aside roughly one week&#8217;s rent per quarter for repairs and replacements, then adjust for the age of the home. An older weatherboard with a single-glazed joinery will eat more than a recent build.<\/p>\n<h3 id=\"turning-the-model-into-a-weekly-figure\">Turning the Model into a Weekly Figure<\/h3>\n<p>Annual totals are useful for yield, but weekly cash flow is what you feel. Divide the annual net figure by 52 and compare it to the weekly rent.<\/p>\n<p>If the rent is $520 and the model leaves $380 after costs, you are topping up $140 every week. That is $7,280 a year from your own pocket before any tax adjustment.<\/p>\n<p>For a deeper walkthrough of the income side, see our guide to assessing market rent with local property managers | \/blog\/market-rent-assessment.<\/p>\n<p>The gap between rent and total costs is your cash flow. If it is negative, you are topping up the property every week from your own pocket. Sometimes that is a deliberate strategy.<\/p>\n<div style=\"margin:1.5rem 0;padding:16px 20px;background-color:#fffbeb;border-left:4px solid #fde68a;border-radius:0 8px 8px 0\">\n<strong style=\"display:block;margin-bottom:4px;color:#111827;font-size:14px\"> Watch Out<\/strong><br \/>\n<span style=\"color:#374151;font-size:15px;line-height:1.6\">Skipping the vacancy allowance is the single most common modelling error. A property empty for even a few weeks a year can flip a positive cash flow negative.<\/span>\n<\/div>\n<h3 id=\"a-reusable-worksheet-structure\">A Reusable Worksheet Structure<\/h3>\n<p>Keep the same column layout for every property you assess so you can compare them side by side. One column per property, one row per line item, and a final row for weekly net cash flow.<\/p>\n<p>That consistency is what lets you rank three candidate homes honestly instead of falling for the one with the freshest paint. For a template you can copy, see our rental analysis worksheet and checklist | \/blog\/rental-analysis-worksheet.<\/p>\n<p>If you want an independent check on the rent figure feeding the model, Tenancy Services publishes market rent data by area at <a rel=\"noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tenancy.govt.nz\/rent-bond-and-bills\/\">Tenancy Services market rent<\/a>. It is a useful sanity check against a single property manager&#8217;s appraisal.<\/p>\n<h2 id=\"step-4-complete-your-rental-property-due-diligence-checklist\">Step 4: Complete Your Rental Property Due Diligence Checklist<\/h2>\n<p>A rental property due diligence checklist keeps you honest when a deal starts to feel exciting. Run through it before making an unconditional offer.<\/p>\n<ul>\n<li> Title search and LIM report reviewed<\/li>\n<li> Builder&#8217;s report obtained and defects priced<\/li>\n<li> Rental appraisal in writing from a property manager<\/li>\n<li> Rates, insurance and body corporate levies confirmed<\/li>\n<li> Healthy homes compliance checked<\/li>\n<li> Tenancy records and current lease reviewed<\/li>\n<li> Finance pre-approval confirmed with your lender<\/li>\n<\/ul>\n<p>That list is the skeleton. The value is in knowing what each item actually tells you and how a finding changes the offer price.<\/p>\n<h3 id=\"translating-inspection-findings-into-dollars\">Translating Inspection Findings into Dollars<\/h3>\n<p>A builder&#8217;s report is not a pass-or-fail document. It is a priced list of future costs, and those costs belong in your cash flow model.<\/p>\n<p>If the report flags a roof nearing replacement, ask a roofer for a written estimate and add it to year one or two of your maintenance line. The same applies to a failing hot water cylinder, old wiring, or a damp subfloor.<\/p>\n<p>A common pattern is to negotiate the big-ticket items at the offer stage and accept the cosmetic ones. What you should not do is ignore them and hope the rent covers it later.<\/p>\n<h3 id=\"legal-and-regulatory-due-diligence\">Legal and Regulatory Due Diligence<\/h3>\n<p>Rules for landlords change, and they vary by location, so verify the current position rather than relying on what worked for a friend two years ago.<\/p>\n<p>Check the healthy homes standards for heating, insulation, ventilation, moisture and draught-stopping. A non-compliant home can require immediate capital spend before it can be lawfully rented.<\/p>\n<p>Review the tenancy agreement and any history of disputes.<\/p>\n<p>Confirm the rating valuation and the LIM report for any consented works, flood risk, or planned council projects that could affect the street.<\/p>\n<p>For official guidance on tenancy rules and landlord obligations, check the <a rel=\"noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tenancy.govt.nz\/about-tenancy-services\/contact-us\/\">Tenancy Services landlord information<\/a>. Getting these details wrong can cost far more than the purchase price suggests.<\/p>\n<h3 id=\"checking-the-numbers-behind-the-checklist\">Checking the Numbers Behind the Checklist<\/h3>\n<p>Due diligence is not only about the building. It is also about the income claim.<\/p>\n<p class=\"cta-inline\" style=\"background-color: #78939508;border-left: 4px solid #789395;padding: 16px 20px;margin: 24px 0;border-radius: 0 8px 8px 0\">\n     <a href=\"https:\/\/mikegrant.co.nz\" style=\"color: #789395;font-weight: 600;text-decoration: underline\">Book Appraisal \u2192<\/a>\n<\/p>\n<p>Ask for the current lease, the rent ledger, and any record of arrears. If the vendor says the property rents at a figure well above the market appraisal, find out why before you accept it.<\/p>\n<p>Then revisit your cash flow model with the real numbers. A due diligence finding that adds $15,000 of immediate repairs or removes $30 a week of assumed rent should change your offer, not just your notes.<\/p>\n<div style=\"margin:1.5rem 0;padding:16px 20px;background-color:#f0f9ff;border-left:4px solid #bae6fd;border-radius:0 8px 8px 0\">\n<strong style=\"display:block;margin-bottom:4px;color:#111827;font-size:14px\"> Pro Tip<\/strong><br \/>\n<span style=\"color:#374151;font-size:15px;line-height:1.6\">Ask Big Mike for a recent sales appraisal before you finalise your offer. A local read on comparable values often catches a purchase price that the listing has stretched.<\/span>\n<\/div>\n<p>For a fuller walkthrough of the settlement side, see our guide to conditions and settlement day | \/blog\/conditions-and-settlement.<\/p>\n<h2 id=\"step-5-a-full-rental-property-analysis-example\">Step 5: A Full Rental Property Analysis Example<\/h2>\n<p>Here is a rental property analysis example using round figures, so you can see how the pieces fit together.<\/p>\n<p>Take a three-bedroom home with a purchase price of $620,000 and a 20% deposit of $124,000. Market rent is assessed at $520 per week, or $27,040 a year.<\/p>\n<p>Estimated annual costs:<\/p>\n<table style=\"width:100%;border-collapse:collapse;margin:2rem 0;font-size:14px;line-height:1.6\">\n<thead style=\"background-color:#f8f9fa;color:#111827;padding:12px 16px;text-align:left;font-weight:600;border-bottom:2px solid #e5e7eb\">\n<tr>\n<th style=\"background-color:#f8f9fa;color:#111827;padding:12px 16px;text-align:left;font-weight:600;border-bottom:2px solid #e5e7eb\">Expense<\/th>\n<th style=\"background-color:#f8f9fa;color:#111827;padding:12px 16px;text-align:left;font-weight:600;border-bottom:2px solid #e5e7eb\">Annual Amount<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e5e7eb\">Mortgage interest<\/td>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e5e7eb\">$31,000<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e5e7eb\">Rates<\/td>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e5e7eb\">$3,200<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e5e7eb\">Insurance<\/td>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e5e7eb\">$1,800<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e5e7eb\">Property management<\/td>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e5e7eb\">$2,200<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e5e7eb\">Maintenance allowance<\/td>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e5e7eb\">$2,500<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e5e7eb\">Vacancy allowance (2 weeks)<\/td>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e5e7eb\">$1,040<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Total costs land near $41,740 against $27,040 of rent. That is a shortfall of roughly $14,700 a year before tax. The gross yield sits at about 4.4%.<\/p>\n<p>This is where the analysis earns its keep. The deal is not automatically bad, but the buyer now knows they are funding a weekly top-up and can decide whether capital growth justifies it.<\/p>\n<h2 id=\"step-6-stress-test-the-deal-with-downside-scenarios\">Step 6: Stress-Test the Deal With Downside Scenarios<\/h2>\n<p>Every deal looks fine in good conditions. Stress-testing asks what happens when conditions turn.<\/p>\n<p>Run three scenarios side by side:<\/p>\n<ol>\n<li><strong>Interest rates rise<\/strong> by one or two percentage points. Recalculate the mortgage line and see if the shortfall stays manageable.<\/li>\n<li><strong>The property sits empty<\/strong> for six weeks instead of two. Does the cash flow survive?<\/li>\n<li><strong>A major repair<\/strong> lands in year one, such as a new roof or heating system. Can you cover it without borrowing?<\/li>\n<\/ol>\n<p>If the numbers only work in the best case, the deal is fragile. A property that still holds together under pressure gives you room to breathe.<\/p>\n<h2 id=\"conclusion\">Conclusion<\/h2>\n<p>The hardest part of buying a rental is not finding one. It is walking away from a deal that looks good until the numbers say otherwise.<\/p>\n<p>Big Mike has spent decades helping buyers and sellers across the region read the market properly. With Arizto&#8217;s technology behind the appraisal, off-market access, and a transparent flat fee, the process stays clear from first viewing to settlement.<\/p>\n<p>Book an appraisal with Big Mike and get your next rental purchase analysed on real local numbers, not guesswork.<\/p>\n<section style=\"margin:3rem 0 2rem 0\">\n<h2 style=\"font-weight:700;margin:0 0 4px 0\" id=\"frequently-asked-questions\">Frequently Asked Questions<\/h2>\n<div style=\"padding:20px 0;border-bottom:1px solid #e5e7eb\">\n<h3 style=\"font-weight:600;margin:0 0 8px 0\">How do you analyse a rental property before buying?<\/h3>\n<div style=\"line-height:1.7\">\n<p style=\"margin:0\">Start by estimating market rent from comparable properties, then calculate gross and net rental yield. Build a cash flow model that includes mortgage repayments, rates, insurance, property management and maintenance. Complete a due diligence checklist covering the inspection report, title, LIM and Healthy Homes standards. Finally, stress-test the numbers at higher interest rates and lower occupancy so you know the deal still works if conditions change.<\/p>\n<\/div>\n<\/div>\n<div style=\"padding:20px 0;border-bottom:1px solid #e5e7eb\">\n<h3 style=\"font-weight:600;margin:0 0 8px 0\">What costs should you include when analysing a rental property?<\/h3>\n<div style=\"line-height:1.7\">\n<p style=\"margin:0\">Include every cost the property will carry, not just the mortgage. Council rates, insurance, property management fees, maintenance and repairs, vacancy allowance, and any body corporate levies all reduce your net income. If you use a rental property cash flow calculator, enter these as separate line items so you can see which costs have the biggest effect on your return. Underestimating maintenance is one of the most common mistakes we see.<\/p>\n<\/div>\n<\/div>\n<div style=\"padding:20px 0;border-bottom:1px solid #e5e7eb\">\n<h3 style=\"font-weight:600;margin:0 0 8px 0\">What is a good rental yield for an investment property?<\/h3>\n<div style=\"line-height:1.7\">\n<p style=\"margin:0\">There is no single number that suits every buyer, because yield needs to be weighed against capital growth, risk and your investment horizon. A rental yield calculation gives you a starting point for comparing properties, but a higher yield often comes with older stock or weaker locations. Look at net yield after expenses rather than gross yield alone, and compare it with what similar properties in the same local market are achieving.<\/p>\n<\/div>\n<\/div>\n<div style=\"padding:20px 0;border-bottom:1px solid #e5e7eb\">\n<h3 style=\"font-weight:600;margin:0 0 8px 0\">How do you compare two rental properties?<\/h3>\n<div style=\"line-height:1.7\">\n<p style=\"margin:0\">Run both through the same rental property analysis example format so the comparison is fair. Calculate net yield, cash flow after all expenses, and the return on your deposit for each. Then test both against the same downside scenarios, such as a rate rise or a month of vacancy. The property that holds up best under stress, not just the one with the highest headline yield, is usually the stronger buy.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<div class=\"cta-button-container\" style=\"text-align: center;margin: 32px 0\">\n<p>    <a href=\"https:\/\/mikegrant.co.nz\" class=\"cta-button\" style=\"display: inline-block;background-color: #789395;color: #111827;padding: 14px 32px;border-radius: 8px;text-decoration: none;font-weight: 600;font-size: 16px\">Book Appraisal<\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Learn how to analyse a rental property before buying with our step-by-step 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