I'm 44 years old, and never going to save a big retirement fund with my salary, but have a good amount of equity in my home. So, time to invest in property, and build up some assets that others are paying for.
I'd like to invest locally (Dunedin) so that I can manage the property(ies) myself and keep expenses down. I've only lived here 6 years, and am most familiar with the Maori Hill-Helensburgh area. However, I've been noticing a bit of chatter about Carlton Hill and Liberton lately..
I'm thinking I'd like to keep away from university students at this stage - they seem like hard work! And I'd like something that pays for itself - which I estimate to be at least 8% at the moment. Currently I'm looking for a 2-3 brm house or unit in the City-Mornington-Wakari area, suitable for professionals and/or couples.
I'd appreciate any advice or opinions from experienced investors in Dunedin.
I'd like to invest locally (Dunedin) so that I can manage the property(ies) myself and keep expenses down. I've only lived here 6 years, and am most familiar with the Maori Hill-Helensburgh area. However, I've been noticing a bit of chatter about Carlton Hill and Liberton lately..
I'm thinking I'd like to keep away from university students at this stage - they seem like hard work! And I'd like something that pays for itself - which I estimate to be at least 8% at the moment. Currently I'm looking for a 2-3 brm house or unit in the City-Mornington-Wakari area, suitable for professionals and/or couples.
I'd appreciate any advice or opinions from experienced investors in Dunedin.
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