• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 10 of 10
  1. #1

    Default first investment property

    Hello

    I am looking for an investment property for long term capital gain 10 years or move.
    Budget $500.000 to $700.000

    Do you recommend Auckland, Wellington or Christchurch ?

    or smaller cities like rotorua, taupo, whakatane, etc.


    Thanks in advance

  2. #2
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,644

    Default

    Hi,

    Do you really want to gamble on capital gains?

    If you have lots of cash or huge income, then maybe OK, but in general I would try for
    - long term passive income
    - through buying neutral or better, and adding value
    - capital gain is the cherry on the top

    Ross
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.

  3. #3
    Join Date
    May 2004
    Posts
    2,860

    Default

    Think very carefully before a first property investment at the moment and do your homework and sums covering several scenarios. There are recent changes, and more on the horizon, that could seriously impact your plan.

    Suggest join your local Property Investors Association for a start.

  4. #4

    Default

    Thank you, which region shall i look for ? I recently moved Australia from new zealand.

  5. #5
    Join Date
    Oct 2015
    Location
    Rotorua
    Posts
    478

    Default

    Doesn't matter as long as numbers work

  6. #6
    Join Date
    Feb 2015
    Posts
    386

    Default

    Quote Originally Posted by AlFa View Post
    Doesn't matter as long as numbers work
    Not just that only but you need to make sure that the property meets your goals too. No point if the numbers work but located in a town where you can literally count the people by hand. Also other location aspects are key, ie not near a gang, good school zone, transport etc
    Last edited by Bluecoat; 18-01-2019 at 11:01 PM.

  7. #7
    Join Date
    Oct 2015
    Location
    Rotorua
    Posts
    478

    Default

    Quote Originally Posted by Bluecoat View Post
    Not just but you need to make sure that the property meets your goals too. No point if the numbers work but located in a town where you can literally count the people by hand. Also other location aspects are key, ie not near a gang, good school zone, transport etc
    All you said is true but he's just asked about region

  8. #8
    Join Date
    Feb 2015
    Posts
    386

    Default

    Quote Originally Posted by AlFa View Post
    All you said is true but he's just asked about region

    Then its a no brainer , Auckland outperforms all other regions if just relay on capital gains but be prepared for a flat few years .

    Disclaimer: past performance is no guarantee of future

  9. #9

    Default

    Quote Originally Posted by Bluecoat View Post
    Then its a no brainer , Auckland outperforms all other regions if just relay on capital gains but be prepared for a flat few years .

    Disclaimer: past performance is no guarantee of future
    the latest chart I’ve seen comparing prices the house price index chart with a 2003 base year that QV produce shows Hamilton outperforming Auckland

  10. #10
    Join Date
    Mar 2009
    Posts
    155

    Default

    Quote Originally Posted by Don't believe the Hype View Post
    the latest chart I’ve seen comparing prices the house price index chart with a 2003 base year that QV produce shows Hamilton outperforming Auckland
    I would gamble on Hamilton, Christchurch or restaurant. I recall in 2007 peak, Auckland property prices were 60% higher than Hamilton. Now they seem to be double the value. To keep the natural equilibrium either hamilton has to catch up or auckland has to drop. OR everything may drop.. who knows. As many guys here would say buy solid properties with decent returns. My decent return expectations are normally current bank interest rate +3%. I am finding these deals very hard to come by but there are people who still does this well.


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. first investment property
    By tjay83 in forum Property Investment (NZ)
    Replies: 2
    Last Post: 14-10-2018, 01:50 PM
  2. Investment in property
    By parastcn in forum Asia
    Replies: 12
    Last Post: 01-12-2015, 08:25 PM
  3. Property Investment
    By Broseberry in forum Property Investment (USA)
    Replies: 13
    Last Post: 06-11-2015, 09:35 PM
  4. London Based Property Investor Requiring Advice for US Property Investment
    By dommachala in forum Property Investment (USA)
    Replies: 4
    Last Post: 20-10-2015, 10:32 PM
  5. purchasing property and property investment
    By tancg2u in forum Property Investment (NZ)
    Replies: 14
    Last Post: 19-02-2015, 08:56 PM
  6. What Is Property Investment?
    By orion in forum Property Investment (NZ)
    Replies: 92
    Last Post: 19-03-2009, 12:06 AM
  7. There's no investment like Property Investment
    By donna in forum General (NZ)
    Replies: 0
    Last Post: 23-09-2005, 01:17 PM
  8. First Investment Property
    By wildwest in forum Welcome Newbies!
    Replies: 10
    Last Post: 07-04-2005, 07:56 PM
  9. Grey Power...Power
    By muppet in forum General (NZ)
    Replies: 0
    Last Post: 20-12-2003, 09:15 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •