HI all i am new to forum as my wife and I are starting to look for our first investment property! I am 29 and she is 28. We are currently based in Timaru where we own a home (with mortgage to the bank ) but we have some extra money in our revolving credit to buy another property. our goal would be to look for properties with a yield of 8% plus and eventually produce a passive income. Timaru seems to have come up in value a lot recently and have not really seen anything on the market here to achieve this. What are peoples thoughts on investing in Dunedin or Blenhiem as there seem to be good yields available there. Don't want to go to Invercargill as i believe this is a dying city.
Any input and advice would be much appreciated.
Kind Regards
Damian
Any input and advice would be much appreciated.
Kind Regards
Damian
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