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I think 50 sounds a lot for a 2 bed place
I’m NZ based and have started using a wealth planning tool my accountants have built.. Its called lifeonline.co.nz love it.
The QV website will give sales info. You will have to pay for some info though. Might also get more on demograhics at statistics nz
Yields in Auckland apartment market are still pretty good. Much higher than standalones. There was a huge influx of apartment construction in the past decade and as a result the apartment market has become undervalued. This is changing though with apartment value in the last 12 mos rising at the same rate as standalone.
Rental rates for apartments are however above those for standalones. This is because you generally have low transport costs living in central city. Typical tenants for the smaller high yield apartments are generally international students attending central city learning insititutions and you can have vacancies over the term break and summer as a result. Also watch out for leasehold apartments. Looks good on paper but very difficult resale and unexpected land rent rises can hurt. Kiwis are wary of leasehold property.
I’m just about to buy a few of these apartments. The only cash positive opportunities in Auckland that I can find.
