Hi All,
A question for the experts here. I am an expat kiwi planning my return home. I have at the moment savings circa NZ$300k and want to purchase a property in NZ. Although from Auckland, my preference is something south of the Bombay Hills. We will be leaving the UK next June to travel a bit (sail) and my wish is to set up an alternative income stream - right now I'll take rental yield over Capital growth (although a bit will be great!).
We will definitely settle outside Auckland, although for the next few years the plan is to work for 6 months back home, then return to the Northern Hemisphere to sail (slowly working our way home).
So - any ideas? Buy outright, or split and take two mortgages (one at a time).
Thanks all
Richard
A question for the experts here. I am an expat kiwi planning my return home. I have at the moment savings circa NZ$300k and want to purchase a property in NZ. Although from Auckland, my preference is something south of the Bombay Hills. We will be leaving the UK next June to travel a bit (sail) and my wish is to set up an alternative income stream - right now I'll take rental yield over Capital growth (although a bit will be great!).
We will definitely settle outside Auckland, although for the next few years the plan is to work for 6 months back home, then return to the Northern Hemisphere to sail (slowly working our way home).
So - any ideas? Buy outright, or split and take two mortgages (one at a time).
Thanks all
Richard