Hi,
I'm looking for an investment property in South Auckland, was before looking in north Auckland but it's already got too expensive.
and I would like to get some advice and different opinion regarding south Auckland investment.
First property I found is, around 90 sqm but 4 bedroom house in around 400 sqm section with around $500 or possibly more rent in a good location such as Papatoetoe or Mangare east.
or descent size 3 bedroom house and possible minor dwelling in large 750 sqm section with bellow $450 rents but less desirable area such as Manurewa or wiri otara.
In terms of the house quality, they are not modern but both reasonably clean and doesn't need renovations.
if both yield are the same which would be the wise investment?
I heard manurewa, otara are the first suburb to go down the price but is that really matter for investment property I know eventually property price will go up and section size reflect property value the most, I think larger section in a future prospect area is better than small section in a already expensive locations.
What's your thought?
I'm looking for an investment property in South Auckland, was before looking in north Auckland but it's already got too expensive.
and I would like to get some advice and different opinion regarding south Auckland investment.
First property I found is, around 90 sqm but 4 bedroom house in around 400 sqm section with around $500 or possibly more rent in a good location such as Papatoetoe or Mangare east.
or descent size 3 bedroom house and possible minor dwelling in large 750 sqm section with bellow $450 rents but less desirable area such as Manurewa or wiri otara.
In terms of the house quality, they are not modern but both reasonably clean and doesn't need renovations.
if both yield are the same which would be the wise investment?
I heard manurewa, otara are the first suburb to go down the price but is that really matter for investment property I know eventually property price will go up and section size reflect property value the most, I think larger section in a future prospect area is better than small section in a already expensive locations.
What's your thought?
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