Hi Guys
Firstly, I’m based in Vic and new to property investing. I saw an investment company called Tetra Group P/L who is recommending off-the-plan apartment purchases in Christchurch NZ with rental yields of around 10%. These go for around 250K $AUD with 2 year rental guarantees. Capital growth is supposed to be above average but the company advocates long term investing and not selling any properties purchased. The consultant said their business is searching for new premium investments for clients to invest in. The service is free as their payment comes from the developers.
My question to you guys is what would you do in this situation? Does this sound like high risk or a scam? I’ve read about high pressure selling of QLD property to interstate investors at prices well above what they are actually worth. I was thinking of getting some professional advice but didn’t know where to begin. Lawyers? Accountants? Buyer’s agents in NZ? Any advice would be appreciated
Thanks.
If they are just pushing off the plan “yawn” stuff, well I would start surfing the net for some facts.
There are plenty of other ways to get good returns without making some plan pushers pocket any bigger than it already is.
Do your hard yards mate and use the commission they would have got on a holiday to Vanuatu!
“Dont be looking in your back yard for a four leaf clover when the opportunity of a lifetime could be knocking on your front door….” “Even though you may be on the right track, you can still get run over if you sit there long enough”
PS: The 2 year rent grte is already built into the price coming out of your pocket!
“Dont be looking in your back yard for a four leaf clover when the opportunity of a lifetime could be knocking on your front door….” “Even though you may be on the right track, you can still get run over if you sit there long enough”
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