New Apartment Developments Auckland Recommendation

[JCaine]

Hi Property Talkers,

I've been reading this forum for years whilst I scripted and saved now finally with enough equity/cash to look at a IP purchase. Looking at maybe a 2 beddy city fringe ish apartment. What new developments coming online do people like the look of?

[artemis]

I would be a bit cautious right now. Changes in LVRs and rental rules may discourage buyers, esp investors, from buying and put the development at risk. Also apparently changes to the Unit Titles Act coming, impact unknown. Time to time Colliers publishes Auckland apartment research so that might be worth checking out.

[donna]

Yeah the good times ie housing bubble will be tested soon with LVR changes esp 40% LVR for investors when it comes in - think Banks will enforce it.

But less competition too may see prices plateau or even drop. Interesting times ahead. You could be in a prime position in the months ahead.

cheers

Donna