A long story short, the last few years I've been working overseas, but have savings of around $90k (+ $30k in kiwisaver) that I've watched sit dormant in term deposits etc. I'll be coming back to NZ to work in Gisborne for 1 year, before likely heading back overseas for another stint.
I have the option of buying a property in Gisborne, where prices are still within the range of my deposit and single income, live in the house while I'm there and then rent it out when I leave. Or the other option to just leave the money in bank deposits etc. where, at the moment, I'm effectively losing money, until I settle in NZ permanently.
Property investment is my long term goal (am currently a builder by trade) and I would appreciate any opinions or ideas that anyone could throw at me?
I have the option of buying a property in Gisborne, where prices are still within the range of my deposit and single income, live in the house while I'm there and then rent it out when I leave. Or the other option to just leave the money in bank deposits etc. where, at the moment, I'm effectively losing money, until I settle in NZ permanently.
Property investment is my long term goal (am currently a builder by trade) and I would appreciate any opinions or ideas that anyone could throw at me?
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