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  1. #1
    Join Date
    Jul 2012
    Location
    Tavua, Fiji
    Posts
    3,347

    Default Any thoughts on Ashhurst for new builds and rentals

    I have an opportunity to partner with a mate on some new builds in Ashhurst but am ignorant of the area. Any locals give me a heads up on good or bad idea to build 10 first homes there or build and hold?

  2. #2
    Join Date
    Jan 2010
    Location
    Hibiscus Coast
    Posts
    1,806

    Default

    I would ask the mate why new builds are such a good idea, who is the target market? Friend of mine bought 2 sections in Matamata a few years ago and the bank ended up owning one of them

  3. #3
    Join Date
    Feb 2004
    Location
    Wellington
    Posts
    2,841

    Default

    I know a little bit about the place...lived in Palmy on & off ...& Mrs Spaceman is from Palmy.

    My first question would be why bother?

    There's hardly anything in Ashhurst.......so for my money the houses would have to be way cheaper to make up for the inconvenience factor....true the average Jaffa would kill to have such a commute, but they see it a bit differently down in Palmy 15km's a long way for palmy folk (background banjos playing)

    OTOH....rather than first home type house I could see a crack at the larger more executive semi lifestyle block type house, empty-nester type of thing.

    Cheers
    Spaceman

  4. #4
    Join Date
    Jul 2012
    Location
    Tavua, Fiji
    Posts
    3,347

    Default

    Thanks Spaceman. I had sort of reached that conclusion. I am trying to assist a mate who is wanting to get in a better investment position. None of the local agents thought we were on to anything special so I have told said mate to look for something better, in Palmy itself maybe.

  5. #5
    Join Date
    Jun 2013
    Posts
    2,156

    Default

    Why would you be investing in a flea bitten town like Ashhurst when Auckland is so cheap?

  6. #6
    Join Date
    Jul 2012
    Location
    Tavua, Fiji
    Posts
    3,347

    Default

    I already said I am trying to help a mate of mine.........

  7. #7
    Join Date
    Jun 2013
    Posts
    2,156

    Default

    Wouldn't it be more helpful to drive him to Auckland and show him how cheap houses are there?

  8. #8
    Join Date
    Jul 2012
    Location
    Tavua, Fiji
    Posts
    3,347

    Default

    No he wants to build locally I am just assisting financially. I only buy in Auckland now. It's become a license to print money in recent years. I sold a property in Weymouth just recently 200K more than I paid for it. Unbelievably ridiculous but welcome to Auckland. Yet you can still buy so cheap. My favourite patch has 50 homes under 300K on trade me right now. I love Auckland :-)


 

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