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  • #31
    Originally posted by Green Fish View Post
    Current yield on Auckland houses: 3.5-4%.

    Current on-call rate at the bank: 3.5%

    Sit tight.
    Where did you find that info Greenfish?

    I thought the Auckland house prices were nudging the 9% plus or is that just anecdotal on my behalf because the guys are out hunting for those bargains.

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    • #32
      Originally posted by tpr2 View Post
      Where did you find that info Greenfish?

      I thought the Auckland house prices were nudging the 9% plus or is that just anecdotal on my behalf because the guys are out hunting for those bargains.
      700k Remmers house still about 650p/w in rent, 700 tops. 5% gross. A bit better, ie. 6-7% inner city fringe.

      Akl Central Apartments - you know well, much better yields but higher outlays too and capital growth = god knows when and if

      9%+ quite achievable but via a mortgagee sale in a ghetto.

      All quite low considering the unemployment risk.

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      • #33
        In the 300k to 400k markets they would be delivering over 8% though?

        I'll ask the team tomorrow...lol.... they do the hunting.

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