Hi all,
I have been reading these forums for about 1 year now and hopefully you guys can help.
I brought a house in Palm Springs Papamoa Beach about 2 years ago. This was going to be a house for me to move into, however, I ended up staying in Auckland.
I have had this rented now for 2 years with very good tenants (only a few minor things) but it's not a very good "investment" property from what I get back on it. Currently rented for 545 p/w.
I am wondering if you guys see the area going up in value over the next say few years? Or should I just sell and buy a house in Auckland? Bought the house for 730k and have a 450k mortgage. I don't own anything else but I have been approved to buy a owner occupied house while keeping the one in Tauranga.
Any advice would be great.
Many thanks.
I have been reading these forums for about 1 year now and hopefully you guys can help.
I brought a house in Palm Springs Papamoa Beach about 2 years ago. This was going to be a house for me to move into, however, I ended up staying in Auckland.
I have had this rented now for 2 years with very good tenants (only a few minor things) but it's not a very good "investment" property from what I get back on it. Currently rented for 545 p/w.
I am wondering if you guys see the area going up in value over the next say few years? Or should I just sell and buy a house in Auckland? Bought the house for 730k and have a 450k mortgage. I don't own anything else but I have been approved to buy a owner occupied house while keeping the one in Tauranga.
Any advice would be great.
Many thanks.
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