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  1. #1

    Default Investment in Papakura

    I have limited budget in getting my first rental investment and spotted a 3 bedroom property on Rollerson Street. I would be able to get it under CV for under $400k. The rental seems to be able to cover the mortgage interest, rates and insurance. The aim is to hold it for medium to long term. I do not have much knowledge of the area apart from it is not the best part of Papakura. Can someone please shade me some light as to whether it is a good investment (both as a rental for short to medium term and for capital gain in medium to long term)? Thanks.

  2. #2

    Default

    Not a great part of town, hence the price. You would be spending most of your time managing unruly tenants IMHO. You may have to pay more to get into the better parts of town but way less headaches.
    "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".

  3. #3

    Default

    How is the Settlement road, in Papakura? The property is question is at the top of the road.

  4. #4

    Default

    Quote Originally Posted by saleemn View Post
    How is the Settlement road, in Papakura? The property is question is at the top of the road.
    Far from me to tell you where to purchase, the safest best is to do your own research, questions you should ask yourself should be,

    is the property in good school zones?
    is it a good mix of home owners/rentals?
    is there good demand for rentals in that area?
    close to transport?
    does it have the right mix of yield/capital growth (you choose which one you need)

    Every town has its own unique traits, I know this town, but it’s just as important for anyone that doesn’t to find out for themselves, it’s not hard, just take out a local agent for coffee and if they are honest they will tell you the good, the bad and the ugly.

    make up your own mind from there, you will be better off for the learning experience.

    FH
    "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".

  5. #5
    Join Date
    Oct 2014
    Location
    Auckland
    Posts
    67

    Default

    Quote Originally Posted by Happy Bird View Post
    I have limited budget in getting my first rental investment and spotted a 3 bedroom property on Rollerson Street. I would be able to get it under CV for under $400k. The rental seems to be able to cover the mortgage interest, rates and insurance. The aim is to hold it for medium to long term. I do not have much knowledge of the area apart from it is not the best part of Papakura. Can someone please shade me some light as to whether it is a good investment (both as a rental for short to medium term and for capital gain in medium to long term)? Thanks.
    Have you calculated the expected net yield?

  6. #6
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    7,997

    Default

    Hi, I invest in Papakura, it's got some good things going for it: https://www.papakura.co.nz/
    Squadly dinky do!

  7. #7

    Default

    Quote Originally Posted by Davo36 View Post
    Hi, I invest in Papakura, it's got some good things going for it: https://www.papakura.co.nz/
    How does it compare to Manewera as an investment location (esp in relation to future long term growth and number of sub dividable properties), gentrification etc.


 

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