I'm looking at Hamilton for my next investment. This thread is certainly useful. In addition to what I can eek out of here, I'd like to seek the advice of a property manager. Does anybody have the details of a GOOD property manager in Hamilton?
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What are the good and bad areas in Hamilton?
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Originally posted by grip View PostGood overview thanks.
I would point out though that most of these suburbs do not have great schools. So tenants with families may prefer to be in zone for the better schools.
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Originally posted by Azimuth View PostI'm looking at Hamilton for my next investment. This thread is certainly useful. In addition to what I can eek out of here, I'd like to seek the advice of a property manager. Does anybody have the details of a GOOD property manager in Hamilton?
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Book a free chat here
Ross Barnett - Property Accountant
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Originally posted by Azimuth View PostI'm looking at Hamilton for my next investment. This thread is certainly useful. In addition to what I can eek out of here, I'd like to seek the advice of a property manager. Does anybody have the details of a GOOD property manager in Hamilton?
RossBook a free chat here
Ross Barnett - Property Accountant
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I have been searching in Hamilton again & must say that yields above seven percent are hard to find , let alone good areas n freehold s. What have my fellow investors noticed. ?
There has been a lot of auckland spill over buying anything under 350k not worrying about the yield. So where does the principles of investing apply now?. Should we move to rotorua n tokoroa for yield.
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Hi Rocket, most rentals in Hamilton are still only 5% to 6%. You can do better, but you need to have the skills to create/find better yields. To be honest it is the same with any area, there are bargains and opportunities you just need to be able to find them.
The area and kind of property you should buy all depend on your aims/goals, your risk profile and the investment goals you have set yourself to achieve your aims/goals.
I would be careful investing in places with low population such as Tokoroa, especially if there is no population growth.
RossBook a free chat here
Ross Barnett - Property Accountant
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Originally posted by Gary Lin View PostWould you buy there even if the yield is 10% net (after vacancies etc), but the house value drops 10% a year?
Using realistic values rather than 'plucked' ones just to be fair.
I still wouldn't buy Tokoroa but Rotorua is a thought.
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Originally posted by Wayne View PostProbably not but would you buy if the yield was 10% net and the house value went up 1.5% (which Rotorua did)?
Using realistic values rather than 'plucked' ones just to be fair.
If I were to start again, probably no, given I'm a speculator *wink wink*, but mostly because I don't like to invest out of town.
I would hate to drive 5+ hours to Rotorua each way to invest, especially with kids now.
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Originally posted by Gary Lin View PostIf I were to start again, probably no, given I'm a speculator *wink wink*, but mostly because I don't like to invest out of town.
I would hate to drive 5+ hours to Rotorua each way to invest, especially with kids now.
It is also a lot easier to manage repairs at a lower cost (getting tradies to do everything can be expensive).
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Originally posted by Gary Lin View PostNo, especially not the stage where I'm at already property wise.
If I were to start again, probably no, given I'm a speculator *wink wink*, but mostly because I don't like to invest out of town.
I would hate to drive 5+ hours to Rotorua each way to invest, especially with kids now.www.PropertyMinder.co.nz
# Property Management
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Originally posted by BigDreamer View PostI live far north of Auckland and have a number of investments in Rotorua and it takes only up to 3 hours tops drive during the weekend! Not sure how it would take anyone 5 hours unless if they had to make multiple stop along the way.
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