I want to buy my first property in Auckland. It's for me to live in it, but I want to treat it as an investment, buying where it can give me the biggest return in the future (5 to 10 years).
I was reading that calculating the yield is a good start to check if the property is a good investment, or even a tool to filter the best opportunities. But I want to ask if that makes sense in my case: I'm going to live in it, so there is no rental to give me an income. The investment is in the valorization of the property over the years, that is, I may sell it when I move to somewhere else. So isn't it better to just drop this and look for property in high-valorization areas?
Even if I don't sell it, does the yield have any value when thinking in long term? I mean, rent rates may change a lot in 5 years.
I was reading that calculating the yield is a good start to check if the property is a good investment, or even a tool to filter the best opportunities. But I want to ask if that makes sense in my case: I'm going to live in it, so there is no rental to give me an income. The investment is in the valorization of the property over the years, that is, I may sell it when I move to somewhere else. So isn't it better to just drop this and look for property in high-valorization areas?
Even if I don't sell it, does the yield have any value when thinking in long term? I mean, rent rates may change a lot in 5 years.
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