Hello all!
I am just starting my journey on real estate investing. Please any advise for investing in apartments in Auckland CBD?? Good or Bad?
any advise wld be much appreciated
Buying through any investment companies – bad.
There may well be some bargains coming up after the oversupply and the drop in foriegn student numbers but it isn’t a market I am interested in.
Cheers,
Simon Macks
Residential and Commercial Finance Broker[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
hi edzel
I will try to answer your post heading first.
Apartments is it good to invest( I will say I have a vested interest in my answer as a developer of units).
my answer is yes depending on.
The price,
The rental return in the area.
Demand for units.
And current growth or potential growth.
I haven’t got a clue on the nz market hence I don’t invest there and would recommend you do the same until you do have a clue.
Research the market first not sure about the investment companies and unlike mortgage hunter I wouldn’t dismiss them until I knew there cost structure and what you will get out of the investment (I always recommend check out all and any investment, diamonds arn’t found on a shopping mall floors)
Look at old houses as well as units as you will find bargains there in any market.
Sorry I can’t find the freeway to success for you but will try at least give you the map.units are a good low entry in to the property market.
here to help
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