Investing in Real Estate can be a great way to generate wealth for many New Zealander’s. However not all properties will make good investments so we’ve consulted real estate experts to outline the 3 most important criteria for selecting an investment property.
Interest only home loans have been in the spotlight in Australia recently and are fairly common here in New Zealand. They tend to be a common tool for property investors and home owners wanting to keep loan payments low for a period of time.
With the Reserve Bank of New Zealand (RBNZ) announcing they will implement tighter Loan-to-Value Restrictions (LVRs) for residential property investors on 1st October 2016, it may be time for property investors to think outside of the box.
Some investors want to invest one day and have their investment grow to double or more within a few months. During the dot-com boom this was possible due to the frenzy of share market activity. Of course if they still had money invested at the time of the crash, they lost most of it.
On the face of it, buying a rental property is out of the question as prices keep going up and rents don’t. This means you will never get a good return and will have to expect to top up each month to service the debt. Right? Not necessarily!
The results of the recent collaboration between five councils regarding the inspection of 144 rental properties to determine if a Warrant of Fitness scheme has potential has been released and shows 58% require repairs and maintenance in excess of $150 to achieve the proposed standard.
Bill✔️ Botanical Gardens - Wellington, New Zealand. Wellington is full of terrific places for visitors to the city. This is just one part of a "Hill Full" of wonderful sights. Access this from The Cable Car! (curation & caption: @BillGP). Bill✔️.