Hey guys. I'm new to the forum. And to the market. I'm selling my property in Europe and expect to have about NZD 255 000. I'm currently renting in Auckland and I have now two choices. Either to buy a cheaper property to live in or buy investment property or properties in NZ. To be able to afford the repayments if buying a property to live in my top will be around $700K. I'm reluctant to do it as it will mean a big shock to the family - much worse area, house and school for the kids. Hence I'm considering buying investment property NZ wide.
So I need an advice. Given I'm located in Auckland (due to my job and experience there's no chance finding a work outside of Auckland) where will be the best place to look for a property. What are the places with the best return of investments in the country? Also, what are the areas where finding tenants are easy and can't expect big problems with them?
As I guess you can guess yourselves I'm pretty new to this. And very inexperienced. So any kind of advice will be highly appreciated.
Best regards,
Nick
So I need an advice. Given I'm located in Auckland (due to my job and experience there's no chance finding a work outside of Auckland) where will be the best place to look for a property. What are the places with the best return of investments in the country? Also, what are the areas where finding tenants are easy and can't expect big problems with them?
As I guess you can guess yourselves I'm pretty new to this. And very inexperienced. So any kind of advice will be highly appreciated.
Best regards,
Nick
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