Looking for some pointers on where to start, what areas to look at.
I have about $120k in equity in Australian property that I'm looking to pull out and invest in NZ. I live and work in Australia. I have a small portfolio of investment properties (Sydney and Brisbane). I've typically invested in high yielding (low by NZ standards, or so it seems) areas of capital cities, so have been closer to the city's fringe and often in migrant dominated suburbs. At the time of purchase, these have typically been around 6% gross yield for a run of the mill house and about 8% gross yield for a house + secondary dwelling.
Ideally, what I'm looking for is a house with at least 600sqm of land with good transport links to a major CBD. Close to a major hospital or major industry would be good. Not sure if I can buy a cheaper property so that I can buy a second one sooner?
I have about $120k in equity in Australian property that I'm looking to pull out and invest in NZ. I live and work in Australia. I have a small portfolio of investment properties (Sydney and Brisbane). I've typically invested in high yielding (low by NZ standards, or so it seems) areas of capital cities, so have been closer to the city's fringe and often in migrant dominated suburbs. At the time of purchase, these have typically been around 6% gross yield for a run of the mill house and about 8% gross yield for a house + secondary dwelling.
Ideally, what I'm looking for is a house with at least 600sqm of land with good transport links to a major CBD. Close to a major hospital or major industry would be good. Not sure if I can buy a cheaper property so that I can buy a second one sooner?
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