Hi,
I have a 20% deposit available for a $350K 3 bedroom house in Auckland. Some kiwisaver and NZhousing first home subsidy included so need to live in for 6 months min.
I thought I could afford this but even with flatmates I doubt it with the extra costs to be added for transport to and from work in the city plus insurance, rates etc so I have started looking at houses $300K or less which are around but not many if any.....
So have now thought about looking at purchasing an apartment in AKL city (convienent to work in the city), 2 bedroom for $150-$250K with a car park.
Is an apartment in the city a good investment? freehold v lease hold? body corp fees, leaking buildings.
What about just a 1 bedroom? For myself?
Any reccommendations on best buildings around and which ones to look out for?
Am I going to lose money- this is the question?
What is a good investment when it comes to Auckland apartments?
How do banks treat an apartment loan? Min area?
Any advice appreciated.
I have a 20% deposit available for a $350K 3 bedroom house in Auckland. Some kiwisaver and NZhousing first home subsidy included so need to live in for 6 months min.
I thought I could afford this but even with flatmates I doubt it with the extra costs to be added for transport to and from work in the city plus insurance, rates etc so I have started looking at houses $300K or less which are around but not many if any.....
So have now thought about looking at purchasing an apartment in AKL city (convienent to work in the city), 2 bedroom for $150-$250K with a car park.
Is an apartment in the city a good investment? freehold v lease hold? body corp fees, leaking buildings.
What about just a 1 bedroom? For myself?
Any reccommendations on best buildings around and which ones to look out for?
Am I going to lose money- this is the question?
What is a good investment when it comes to Auckland apartments?
How do banks treat an apartment loan? Min area?
Any advice appreciated.
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