Future Auckland Growth Areas...?

[first_time_investor]

Hi All,

I am a first time investor looking to get a property in a growth area for capital gains down the line.

Are there any suggestions of where I should be looking? My budget is around 350k-400k.

Thanks in advance!

[paulbb]

Would you consider buying a 3 bedroom property in Papakura, with 2 bathroom (old wairoa road)? Gross yield is about 5.8%. There is that new HSNZ development in that area, (army camp) along with a proposal for a new high school and the proposed eastern link. Could this area have potential capital gains?...