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  1. #1
    Join Date
    May 2008
    Posts
    3,556

    Default Michael Yardney's advice:

    Michael often says:
    To be successful you need to buy a property below its intrinsic value, in an area that has always exhibited strong long term capital growth and add value to your property.
    Can anyone name some locations in NZ which have "always exhibited strong long term capital growth"?

    Once we have identified some locations, we can then look at the types of property available.

  2. #2
    Join Date
    Apr 2010
    Location
    Waikanae
    Posts
    463

    Default

    Methinks therein lies the rub.

  3. #3
    Join Date
    Sep 2004
    Location
    Central Otago, ChCh, AKL
    Posts
    2,443

    Default

    Can anyone name some locations in NZ which have "always exhibited strong long term capital growth"?
    Auckland and Queenstown.

    Don't forger you need to compare the record historically, BEFORE the last boom, perhaps at list 3 cycles back.

    Properties NZ wide doubled, if not tripled in value this boom. and that was probably most "type" of properties.

    buy a property below its intrinsic value, in an area that has always exhibited strong long term capital growth and add value to your property.
    This is no brained, you make your money when you buy, OR add value after you buy.

    Real Estate agent hate this sentence.
    Last edited by Orkibi; 05-12-2010 at 09:45 AM.
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  4. #4

    Default

    More to the point can any one name a location that hasn't performed well long term?

    Isn't the hard part acquiring the asset to start with in a way that allows long term ownership?

  5. #5
    Join Date
    May 2008
    Posts
    3,556

    Default

    Quote Originally Posted by halfempty View Post
    More to the point can any one name a location that hasn't performed well long term?
    Can you name some towns where the population has gone down over the last 40 years?
    Compare them with towns/cities where the population has boomed.

  6. #6
    Join Date
    Jun 2005
    Location
    auckland New Zealand
    Posts
    5,236

    Default

    Wanganui I think is in slight decline. Several smaller towns are. I think Stats NZ website has this info, I've seen it somewhere recently.

  7. #7

    Default

    Yeah but the trick here is the "Long Term" bit...

  8. #8
    Join Date
    Jun 2005
    Location
    auckland New Zealand
    Posts
    5,236

    Default

    To relate Michael's comments to the NZ market it is more about looking for suburbs that outperform the average. For example when I started I picked Papakura because it had above average growth and consistently out performed many other South Auckland areas in terms of growth.

    This usually means a suburb is coming off an undervalued base and therefore has a sustained period of catch up.
    Conversely some areas like Remuera and Epsom have comparably low capital growth rates because their values are already very high.

    Of course currently all bets are off I reckon except to buy where there is the strongest population growth. In other words, Auckland :-)

  9. #9
    Join Date
    Jun 2007
    Location
    Wellington
    Posts
    1,237

    Default

    Quote Originally Posted by [email protected] View Post

    Of course currently all bets are off I reckon except to buy where there is the strongest population growth. In other words, Auckland :-)
    Yup, Auckland is good... because of the strong demand side inputs (ie population growth, but Auckland can also add supply (by rezoning paddocks) easily).

    Wellington has less population growth, but no flat land left :-), so constrained supply.


  10. #10
    Join Date
    May 2008
    Location
    Torbay, Auckland
    Posts
    3,868

    Default

    Torbay.

    Otara by the tech.

    Opito Bay kerikeri.

    Waihi Beach front.

    Papamoa Beach.

    Rosehill Papakura.

    Orewa.


 

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