Hi
Appreciate your expert views or personal opinion for the investment options available to choose.
I'm newbie investor looking to buy my first IP before October 2021. Only, looking at Brand New homes as they are hassle free and tax exemptions, 5 yrs bright line test options are appealing. My immediate goals are stable rental income and agree the current reality positive cash flow is not easy. Best possible equity gains in 5 yrs of time.
Options I've:
Waiuku - 70 KM to Auckland, Franklin region. After Pokeno and Pukekhohe, Glenbrook Waiuku will be in reach. The Option I've got to consider is Brand New 150 built area and land size of 420 sq.m. standard builder and $780k for a 4 Bedroom. Expected Rental around $600 per week. What I'm not sure is rental demand in this area to meet my stable rental income expectation. Timelines wise will be ready in 6 months time once, finance sorted.
Wellington -Upper Hutt, Standard Terrace Home, End property 140 sq.mt built area and 200 Land area. 3 bedroom 2 bath option on Two levels for $810k. Rental wise Wellington is always high in demand. Can expect around $650 per week rent. But, I am not sure about Equity gains given this is Terraced house and not a big sized section. However, I live in Wellington and property maintenance wise it would be easier.
Rolleston Christchurch- Around 4680k-700k for a standard build single level 3 bedroom home and section size would be around 450 sq.mtrs. Massive infrastructure planned for Rolleston, new mall, health Centre etc and connectivity to Christchurch. Expected rents per week $580. Rental demand is good based on my conversation with local property management agent. As the price now is reasonable the hope is roam to get good equity gains over 5 yrs.
Any suggestions? I understand that opinions are personal and not expert advises and all I'm trying to do is to get different views from seasoned investors who're in this game longer than me and have subject matter expertise, to take informed decision.
Thanks
Ram
Appreciate your expert views or personal opinion for the investment options available to choose.
I'm newbie investor looking to buy my first IP before October 2021. Only, looking at Brand New homes as they are hassle free and tax exemptions, 5 yrs bright line test options are appealing. My immediate goals are stable rental income and agree the current reality positive cash flow is not easy. Best possible equity gains in 5 yrs of time.
Options I've:
Waiuku - 70 KM to Auckland, Franklin region. After Pokeno and Pukekhohe, Glenbrook Waiuku will be in reach. The Option I've got to consider is Brand New 150 built area and land size of 420 sq.m. standard builder and $780k for a 4 Bedroom. Expected Rental around $600 per week. What I'm not sure is rental demand in this area to meet my stable rental income expectation. Timelines wise will be ready in 6 months time once, finance sorted.
Wellington -Upper Hutt, Standard Terrace Home, End property 140 sq.mt built area and 200 Land area. 3 bedroom 2 bath option on Two levels for $810k. Rental wise Wellington is always high in demand. Can expect around $650 per week rent. But, I am not sure about Equity gains given this is Terraced house and not a big sized section. However, I live in Wellington and property maintenance wise it would be easier.
Rolleston Christchurch- Around 4680k-700k for a standard build single level 3 bedroom home and section size would be around 450 sq.mtrs. Massive infrastructure planned for Rolleston, new mall, health Centre etc and connectivity to Christchurch. Expected rents per week $580. Rental demand is good based on my conversation with local property management agent. As the price now is reasonable the hope is roam to get good equity gains over 5 yrs.
Any suggestions? I understand that opinions are personal and not expert advises and all I'm trying to do is to get different views from seasoned investors who're in this game longer than me and have subject matter expertise, to take informed decision.
Thanks
Ram
Comment