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Property investment in Ranui

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  • vencedora
    Freshie
    • Oct 2010
    • 6
    #1

    Property investment in Ranui

    Hi I am looking to buy a property investment in Ranui? Does anyone here invest
    in Ranui and knows if this is a good area to invest? I assume the area is like
    any other place with good and bad streets, any tips for the best parts to invest
    in.
    Many Thanks
    Tags: None
    • Orkibi
      Fanatical
      • Sep 2004
      • 2419
      #2
      Ranui is a low socioeconomic area of West AKL, There are good parts and bad parts.

      Im not an expert in this area but could recommend to you the following:

      1. Talk to a Ranui based property manager re good and bad streets and tenant demand.
      (from memory central Ranui near transport is better then some of the other areas - talk to PM)

      2. Only buy there when the deal is very good with reasonable yield of minimum 8.5%-9% plus.
      3. Buy at discount or property that you can add value to.
      4. Make sure you check the Neighbors for the property you buy - preferably owner occupied neighbors and not Mongrel mob or Housing NZ.

      Start with Talking to Local Property manager and then start looki8ng at the right locations.

      I would personal rather buy in better parts of South AKL then Ranui, but each to their own.
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        Comment

        • Hec
          Opinionated
          • Dec 2004
          • 248
          #3
          Better in neighbouring Swanson.
          However go with Ranui if you like headaches.

          Hec

            Comment

            • mattinvestor
              Forum Junkie
              • Nov 2011
              • 403
              #4
              to a local property manager sounds like a good idea - based on the comment above, why not try to talk to locals in both ranui and swanson

                Comment

                • vencedora
                  Freshie
                  • Oct 2010
                  • 6
                  #5
                  Thanks guys for the advice. Will talk to a property manager and also have a look at some properties in Swanson.

                    Comment

                    • TheLiberalLeft
                      Banned
                      • Aug 2010
                      • 2630
                      #6
                      I would say it is NOT a good place to invest. If I ponder my perfect tenant, that person would not choose to live there. Reason enough.

                      No offence to anyone living in Ranui, but it's the definition of "westie". Uniform includes black jumper with holes for one's thumbs.

                        Comment

                        • speights boy
                          Fanatical
                          • Aug 2008
                          • 7935
                          #7
                          speights boy
                          Aah yes.

                          The mullet, the Mark 3 , the chicky babes, the Lion Red, and Deep Purple 'Smoke on the Water' ...them were the days..
                          ..........

                          Bob Kane
                          Them were the days?
                          That was me on New Years Eve!

                            Comment

                            • VirtualT
                              Freshie
                              • Nov 2009
                              • 34
                              #8
                              The mullet, the Mark 3 , the chicky babes, the Lion Red, and Deep Purple 'Smoke on the Water' ...them were the days..


                              Mark 3 Cortina or Zephyr?, thats the clincher

                                Comment

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