While Auckland outskirt suburbs are so heated, inner city apartments seems still remain good return in terms of cash flow. Apartments like Empire and Columbia can generate a return of 6% (3 beds shoe box free hold selling just above 300k and rented for above 500/week), potentially more when the international students come back once the boarder is open. Quite tempting return rate. But I understand the price comes a reason, any advice? I could not find any information that indicates those apartments are leaky. Also. what about Zest, Harvey, Stanford etc. they all seems generate solid returns.
much appreciated!
much appreciated!
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