Hi all, I've been searching for a investment property in North Shore Auckland for almost a month and found out that the gross yield for the area is hardly getting 6% at this time. We decided to invest in the area as we currently live there and have a relatively sufficient budget for more expensive houses.
According to recent threads, people are investing houses in south/west Auckland and getting 6-8% gross yield. The gross yield for west/north area is much higher than North Shore if my research is correct. If that is the case, is it still worthwhile investing in North Shore at all? Or would it fair to make the assumption that people who does invest in North Shore would expect a higher capital growth thus better capital gain?
Thanks in advance for your comments/suggestions.
Thomas
According to recent threads, people are investing houses in south/west Auckland and getting 6-8% gross yield. The gross yield for west/north area is much higher than North Shore if my research is correct. If that is the case, is it still worthwhile investing in North Shore at all? Or would it fair to make the assumption that people who does invest in North Shore would expect a higher capital growth thus better capital gain?
Thanks in advance for your comments/suggestions.
Thomas
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