Auckland city apartment v/s house in suburbs

[Glizzle]

I never said it would be without work, I mentioned you have to be out looking. "Hard work" alone is not going to get you very far. I think you are too focused on working hard and you miss the signs of opportunity along the way.

So what its a treasure hunt now ? You seem to miss the point every time, you say hard work isn't going to get you far but then your saying you have to be out looking and that i miss the signs of opportunity, its just hog wash.
Think about it, if you didn't put the work in to know your numbers, you didn't know your market, you hadn't done all your cross checking of property's, would those opportunity's be as bright??
Simple as that mate, i haven't once talked about investment rules and remarks, your the one talking about them, then seem to fail totaly at understanding and backing the remarks up. like i said this isnt the movies, you don't get to skip the scenes that are boring and BAM your a tycoon.

[Davo36]

I never said it would be without work, I mentioned you have to be out looking. "Hard work" alone is not going to get you very far. I think you are too focused on working hard and you miss the signs of opportunity along the way.

The last one was the Papakura one. Returns just too low for me. It doesn't make sense right now I reckon.

[speights boy]

Returns just too low for me. It doesn't make sense right now I reckon.

I agree.
However I think the question is becoming " low, yes; but how does it compare to other investments"

I must admit, being a lazy chap I just leave it to the big boys and use the Listed Property Trusts.
Reasonable income, slow but steady growth.
For the amount of effort needed, and on a risk /reward basis; they fill that asset class for me.
But as I say, I'm lazy and not a huge risk taker.

[speights boy]

Green Fish with your property trusts who is responsible for the Earthquake strengthening costs and other large expenditure..

This is how it's done in Precinct's case.
No big drama....(so far)

Precinct announced today that it will undertake seismic improvement works at the SAP Tower in Auckland to bring it up to a high level of seismic performance.

Scott Pritchard, Precinct's CEO, said, "We decided to undertake this work following a comprehensive 3D computer-modelled seismic assessment from structural engineers, Holmes Consulting Group, who scored the building at 35% NBS (New Building Standard)."

The cost of the work is estimated at around $3 million and it is expected to take 12 months to complete.
The building remains compliant with the building code and Holmes Consulting have confirmed that it is not earthquake prone.

Clients will be able to remain in the building while the improvement works are undertaken and the company will aim to carry out most works outside office hours.

As previously outlined, Precinct expects to spend between $15 million and $25 million over the next five to eight years improving the portfolio's seismic performance.

[muppet]

Auckland central is becoming a concrete jungle.
Roll on the suburbs and..........
small town New Zealand.