Looking back through old books, articles and posts, it seems 10 years ago all one had to do for yield was buy a property in a main centre, a bit run down and then do a renovation and build a fence perhaps to get good yields.
Now however, I'm having to resort to going to the likes of Owhata, Fordlands, etc in Rotorua with multiple income properties just to get a half decent yield.
One has to question whether property is still the golden goose it used to be? Very difficult to buy cashflow positive after all expenses without having to resort to buying in the sketchy parts of town.
Now however, I'm having to resort to going to the likes of Owhata, Fordlands, etc in Rotorua with multiple income properties just to get a half decent yield.
One has to question whether property is still the golden goose it used to be? Very difficult to buy cashflow positive after all expenses without having to resort to buying in the sketchy parts of town.
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