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  1. #1

    Default Rotorua or Tauranga

    Hello

    Im looking for an investment property in Rotorua (rotorua central or glenhome) or Tauranga (papamoa)

    In terms of finding a tenant and capital gain, which is better option ? I thought airbnb could also be an option in Rotorua.
    Last edited by tjay83; 22-07-2020 at 02:46 AM.

  2. #2

    Default

    Good luck dealing with Kiwi AirBnB guests - I have just closed all of my AirBnBs and rented long term (at rates discounted to what would have been gained pre-covid) because I was tired of housing NZ-rejects with (most likely) multiple tenancy tribunal actions against them trashing my apartment. 3 consecutive lots of Kiwis smashing up my apartments was enough for me.

    My properties are in Wellington.

  3. #3

    Default

    Quote Originally Posted by absoluteproperty View Post
    Good luck dealing with Kiwi AirBnB guests - I have just closed all of my AirBnBs and rented long term (at rates discounted to what would have been gained pre-covid) because I was tired of housing NZ-rejects with (most likely) multiple tenancy tribunal actions against them trashing my apartment. 3 consecutive lots of Kiwis smashing up my apartments was enough for me.

    My properties are in Wellington.

    Wellington is too expensive now. Nothing below 600k. It was a good place to buy 3 years ago

  4. #4
    Join Date
    Aug 2003
    Posts
    7,914

    Default

    Not sure you're correct in your assumption re. Wellington.

    Plus with COVID etc anywhere in NZ is looking attractive compared to other countries.

    cheers,

    Donna
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  5. #5
    Join Date
    Mar 2016
    Posts
    545

    Default

    Quote Originally Posted by tjay83 View Post
    Wellington is too expensive now. Nothing below 600k. It was a good place to buy 3 years ago
    Expensive? Must be new to investing.... check back in 5 years when inflation takes Wellington average prices over 1 million.

  6. #6

    Default

    Quote Originally Posted by Jeffa View Post
    Expensive? Must be new to investing.... check back in 5 years when inflation takes Wellington average prices over 1 million.
    I rather buy in Perth or Brisbane.
    between 400k to 500k, you can get a decent house.
    Much better weather and infrastructure and job oppurtunity, more population and newer house.
    Surprising, crappy weather, dead city, earthquake region, full of old houses like wellington will be 1 million dollar houses.

  7. #7

    Default

    Quote Originally Posted by tjay83 View Post
    I rather buy in Perth or Brisbane.
    between 400k to 500k, you can get a decent house.
    Much better weather and infrastructure and job oppurtunity, more population and newer house.
    Surprising, crappy weather, dead city, earthquake region, full of old houses like wellington will be 1 million dollar houses.
    That's a good point. The tide wii again turn in this direction. It always does.


 

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