Surely we have peaked

[Kbkiwi]

Sarcastic - really... not sure... 3.25% yield in Auckland is normal now isn't it?

as for your input... $400-$500/wk... is a big range ... you can keep your $400/wk and i'll keep taking the $500 wk...

Well the OP just said he was being very sarcastic.

Are you seriously saying you think a 3.25% yield is a better investment than a 5.2% yield?

my best yielding property is actually worth approximately 1/3 of that $800k Auckland property, yet generates $450 pw rent

[Don't believe the Hype]

Well the OP just said he was being very sarcastic.

Are you seriously saying you think a 3.25% yield is a better investment than a 5.2% yield?

my best yielding property is actually worth approximately 1/3 of that $800k Auckland property, yet generates $450 pw rent

can you show me where exactly i suggested that 3.25% is a better investment? - or are you just making things up? best you read things twice and type once!

[Bobsyouruncle]

Anything under 5% gross in Auckland is a mugs game.

[Kbkiwi]

can you show me where exactly i suggested that 3.25% is a better investment? - or are you just making things up? best you read things twice and type once!

Apologies - I saw you saying you'll keep the $500 a week and presumed (wrongly) that you were referring choosing the $800k Auckland property renting for $500pw, over a property half the price earning potentially $400.

[FatPanda]

Here's another avondale example: Sold for 830k https://www.barfoot.co.nz/572367

seems overpriced, when you look at the exterior . . .but then again, how can it be over priced when people are lining up get in . . . ?

[Frezzinghot]

Very sarcastic people are just paying whatever it takes it seems.

And when the tide turns these guys will be naked!

FH

[PTILoveYou]

Here's another avondale example: Sold for 830k https://www.barfoot.co.nz/572367

seems overpriced, when you look at the exterior . . .but then again, how can it be over priced when people are lining up get in . . . ?

Well we could argue that is in Avondale Heights/New Windsor..........

[Don't believe the Hype]

No drama - was meaning you can keep $400/wk on $400k (5.2%) I'll take $500/wk on $400k (6.5%) - even 6.5% is on the low side

[Boom]

Auckland prices can only go up and are not overvalued. I think a fair price would be $1 billion for small 3 bedroom in Ranui.

[Bobsyouruncle]

Gotta love East Auckland.

[wilditr]

Million bucks for a nice cross lease.

http://www.trademe.co.nz/1115029862

[Davo36]

Million bucks for a nice cross lease.
http://www.trademe.co.nz/1115029862

Remuera of the West

[Davo36]

Auckland prices can only go up and are not overvalued. I think a fair price would be $1 billion for small 3 bedroom in Ranui.

Yes and on an income of $70,000 pa. What could go wrong?

[mrsaneperson]

Anyone watch Max Keister on RT? Fascinating stuff he is reporting on the imminent financial collapse of the Deutsche Bank. It is following the same downward trajectory almost exactly the same as the extinct Lehman Brothers . All banks lead to
Deutsche Bank

- need i say more?

http://www.cnbc.com/2016/07/15/deutsche-bank-a-ticking-time-bomb.html

[HattrickNZ]

With all due respect but does max ever predict anything else?