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  1. #11
    Join Date
    Mar 2015
    Location
    Brisbane Wellington Auckland
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    635

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    Quote Originally Posted by surfbluedog View Post
    Thanks for your reply.
    We are looking at this long term. And I have found pricing in Wanganui appear good.
    Best I can find so far. I was initially looking at Auckland, Hamilton and Wellington, but nothing has even come close to being cashflow positive. Am I looking in the wrong places?
    I think you are looking at the wrong properties
    Maybe look at units
    My last conversation with the real estate agent was (as a vendor ) "we do not list units unless the net yield is 6.5pc"...that will return 30pc of the net rent as profit.


 

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