Close to Hamilton. <1h from South Auckland. Easily commutable. Returns around 7-8% before any negotiation. Prices between $120k & $300k with a lot of 3-beds around the $200k mark. Prices increasing in Auckland, so both pricing out 1st-home buyers and simultaneously lifting prices in nearby towns (Huntly having the distinct advantage of being lifted by two locales). What could go wrong!!?? Disclaimer: Nothing to sell in Huntly, personally. Have always despised the place on the rare forays through it (as fast as legally possible with windows locked).
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Is it time to consider Huntly?
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Just cause the last crazy boom spread to the regions - doesn't mean this one will.
Rural one horse towns are probably OK with returns >12%.
Have you considered organising HTGRQ seminars and flogging the place off to Australians?The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.
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It's too far from Auckland really. I can't see any serious growth there any time soon, there's nothing much there to pull people except cheap houses and that's not enough on it's own. It's a pure yield play. Not quite sure why you'd looking to invest somewhere your afraid to wind the window down?
Pukekohe would be a better bet given it's rail connection for the outer edge of Auckland dormitories, but I'm sure the market there already reflects that.
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So.
Basket case Solid Energy sacks another 93; while protecting their ivory tower.
John Key is still talking up a possible sale as they "re-structure"
Meanwhile, across the road another SOE Genesis Energy continues to import cheap Indonesian coal for Huntly power station.
Coal imported as miners laid off
Solid Energy acting chief executive Garry Diack admits the importation of coal when his company is laying off nearly 100 Waikato coal miners is senseless.
"It's offensive," he said, in North Waikato yesterday after the debt-laden state-owned enterprise announced the proposed lay offs of 93 Solid Energy jobs at the Huntly East underground coal mine.
"Importing coal into a region like this, it just doesn't make logical sense."
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