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  1. #31
    Join Date
    Apr 2016
    Posts
    2,343

    Default

    Anybody buying in Rotorua for growth needs to get better educated. It's a cashflow play, chase the cash.

  2. #32

    Default

    That's not what we experienced...

    we just sold a property we bought in 2007 which has been cash flow positive since day one with only maintenance done (I.e no improvements other than maybe insulation) for 60% growth - while not as big a gain as other locations it is t too shabby considering.

    Its a misnomer to say location x is or is not a CG location

  3. #33
    Join Date
    Mar 2013
    Location
    Auckland
    Posts
    1,518

    Default

    Quote Originally Posted by Beginner1 View Post
    Listen to wise people.. He/She said it a month ago..

    "Rotorua suburbs of Holdens Bay/Owhata/Ngapuna the lower quartile price dropped by $49,750 in the six months to June compared to the six months to March, while in Kuirau/Hillcrest/Glenholme it was down by $33,750."

    http://www.interest.co.nz/property/8...ngly-difficult
    Bit of cherry-picking there.

    "But in the Rotorua suburbs of Holdens Bay/Owhata/Ngapuna the lower quartile price dropped by $49,750 in the six months to June compared to the six months to March, while in Kuirau/Hillcrest/Glenholme it was down by $33,750.

    In Ngongotaha/Pleasant Heights/Koutu it rose by $74,625."
    My blog. From personal experience.
    http://statehousinginnz.wordpress.com/

  4. #34
    Join Date
    Oct 2015
    Location
    Auckland
    Posts
    292

    Default

    Quote Originally Posted by sidinz View Post
    Bit of cherry-picking there.

    "But in the Rotorua suburbs of Holdens Bay/Owhata/Ngapuna the lower quartile price dropped by $49,750 in the six months to June compared to the six months to March, while in Kuirau/Hillcrest/Glenholme it was down by $33,750.

    In Ngongotaha/Pleasant Heights/Koutu it rose by $74,625."
    And let's not forget that suburbs which are not mentioned (fault of Tenancy/Stats services I reckon) like Western Heights/Mangakakahi/Pukehangi make up for close to 50% of Rotorua by land and population. And prices in these places rose 40-50% YTD

  5. #35

    Default

    Happy to buy properties in said suburbs for $50K less than they were going a few months ago, who's selling?
    Free online Property Investment Course from iFindProperty, a residential investment property agency.

  6. #36
    Join Date
    Oct 2015
    Location
    Auckland
    Posts
    292

    Default

    Haha... get in line bro


 

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