Hi all,
I'm new to the boards and after some advice if possible.
I have returned to NZ after living the past 6 years overseas and travelling as much as possible. I now want to get serious about building wealth for the future. I do not know much about property but have just joined APIA and begun talking to people to build my knowledge.
Currently I live in Auckland and rent which is $340 a week.
I am 34 and single and earn about $140k a year.
I have $100k in savings.
Personal debt is my student loan which is $30k and in the process of being paid off.
I own 1/3 of a property in Hamilton that my parents gifted the deposit for to myself and 2 siblings 7 years ago (purchased for $310k) . It is 3brd and rented for $330/week with each of us topping up the mortgage by $50/week.
Would appreciate advice on what my next steps should be:
- have I missed the property ladder in Auckland?
- should I look at buying a property in Hamilton (or elsewhere)?
- should I continue to save for a bigger deposit?
- would anyone recommend joining Property Apprentice or similar mentor programs?
Many thanks
I'm new to the boards and after some advice if possible.
I have returned to NZ after living the past 6 years overseas and travelling as much as possible. I now want to get serious about building wealth for the future. I do not know much about property but have just joined APIA and begun talking to people to build my knowledge.
Currently I live in Auckland and rent which is $340 a week.
I am 34 and single and earn about $140k a year.
I have $100k in savings.
Personal debt is my student loan which is $30k and in the process of being paid off.
I own 1/3 of a property in Hamilton that my parents gifted the deposit for to myself and 2 siblings 7 years ago (purchased for $310k) . It is 3brd and rented for $330/week with each of us topping up the mortgage by $50/week.
Would appreciate advice on what my next steps should be:
- have I missed the property ladder in Auckland?
- should I look at buying a property in Hamilton (or elsewhere)?
- should I continue to save for a bigger deposit?
- would anyone recommend joining Property Apprentice or similar mentor programs?
Many thanks
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