hi all,
i'm closely watching apartment sales in auck with a view to buying one for cash and then renting it out. i think aparts in auckland will only continue to get cheaper so i'm in no real rush right at present
guess i could/should leverage that cash into 2 or 3 apartments but i'm pretty old school..... maybe later if this turns out well i'll look into leverage
worse than low rent is no rent so 1 of the theories i'm working on is that a top quality apartment in auck is still likely to be fully rented even if the rental has to be dropped from current rates
(the other theory is a bunch of the cheapest student boxes in managed buildings on leasehold land would return the best cashflow but.....)
i do like what i see of the pics on trademe of the metropolis, nice brown wood tones everywhere and BATHS! in everything they seem to have
cheapest studios seem to still be above $200K
aprts all in white leave me cold, i think they will date and look very 2nd hand very quickly
the statesman seems a little lower down on the rung than the metropolis, no baths etc, and are priced accordingly
what about others?
Dunn adds that good local apartment buildings like the Heritage and the Metropolis are under-priced.
which Heritage is that, there seem to be a few?
what about a ranking of these buildings
Precinct
Connaught
Towerhill
Quadrant
have i missed any out?
i'm closely watching apartment sales in auck with a view to buying one for cash and then renting it out. i think aparts in auckland will only continue to get cheaper so i'm in no real rush right at present
guess i could/should leverage that cash into 2 or 3 apartments but i'm pretty old school..... maybe later if this turns out well i'll look into leverage
worse than low rent is no rent so 1 of the theories i'm working on is that a top quality apartment in auck is still likely to be fully rented even if the rental has to be dropped from current rates
(the other theory is a bunch of the cheapest student boxes in managed buildings on leasehold land would return the best cashflow but.....)
i do like what i see of the pics on trademe of the metropolis, nice brown wood tones everywhere and BATHS! in everything they seem to have
cheapest studios seem to still be above $200K
aprts all in white leave me cold, i think they will date and look very 2nd hand very quickly
the statesman seems a little lower down on the rung than the metropolis, no baths etc, and are priced accordingly
what about others?
Dunn adds that good local apartment buildings like the Heritage and the Metropolis are under-priced.
which Heritage is that, there seem to be a few?
what about a ranking of these buildings
Precinct
Connaught
Towerhill
Quadrant
have i missed any out?
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