Central Auckland Apartments for sale

Hi Guys
While driving home from Taupo I was listening to a program on the radio in which I presume was a developer trying to sell 1 bedroom apartments in central Auckland.

The offer was $1000 deposit and $99000 loan. For this you obtained a 1 bedroom apartment in Hobson Street which is in central Auckland. About $2000 for corporate fees and freehold. No mention of rents but I think they are in the range of $210-$325 per week.
These rents fit the 11 sec solution quite well I think.

One caller asked about repayments and she was told about $150 per week for a 20 yr period. She sounded quite impressed.

There were only 3 apartments available. They also had 2 bedroom apartments available for $165000. The rents range from $270- $400 per week.

The guy predicted that within 6 months there would not be any 2 bedroom apartments under $200000 in Auckland Central.
ph 09 36956000

Buyer beware

Regards