Originally posted by Gary Lin
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Originally posted by elguapo View PostI do spend a lot of time looking for H&I's, I just don't think there is any chance of seeing one sold at positive cashflow in the whole Auckland region. 7% is about as good as it gets. You might see better in the rougher areas like Clendon, but I can't see you hitting cashflow +ve.
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Originally posted by brendan View PostI disagree. You are suggesting that Income = Profit, when actually Income - Expenses = Profit/Loss.
Home and income is a home plus something that generates income. Just because it generates income, doesn't mean it generates profit.
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There is no such thing as a "capital gain suburb" in Auckland.
There was a study done several years ago and it showed in NZ over the past 60-70 years that capital gains across Auckland suburbs was about even.
For example, if I can't afford to live in Epsom, I'll live in Onehunga. If I can't afford that, then Mangere Bridge, then Manurewa, etc.
So this trickle effect fools people into thinking inner city suburbs have higher capital gain. They don't. They are only the first to increase in value then it trickles out from inner city outwards.
There is no such thing as a capital gain area!"You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right"
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Originally posted by ENP View PostThere is no such thing as a "capital gain suburb" in Auckland.
There was a study done several years ago and it showed in NZ over the past 60-70 years that capital gains across Auckland suburbs was about even.AAT Accounting Services - Property Specialist - [email protected]
Fixed price fees and quick knowledgeable service for property investors & traders!
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"You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right"
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Hamilton is starting to look good in terms of cash flow and future potential.Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
My Website
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Originally posted by mortgage broker View PostHamilton is starting to look good in terms of cash flow and future potential.www.PropertyMinder.co.nz
# Property Management
# Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices
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Originally posted by BigDreamer View PostRents are still so low in Hamilton. I haven't seen them increase in a while.
Quote Rents are really moving at the moment and not a lot of new 3 bedroom quality townhouses available
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