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Articles by Salesh Chand.

How to Avoid Buying a Property Lemon

AUTHOR: Salesh Chand
Partner and Director of Business Services

POSTED: 24 July 2025

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As the saying goes: You make your money when you buy a property.
In other words, if you buy the wrong property, or for the wrong price, you can suffer financially.

But buying the right property for the right price will generate income for you (rent or trade profit), create equity, and allow you to keep building your portfolio.

So how do you make sure you buy the right property?
By conducting thorough due diligence, analysing physical characteristics, the area, and the numbers.

In this webinar, which we held on 22 July 2025, we take you through the process of how to undertake a full assessment of a potential purchase. Scroll down to watch the recording.

We covered:

What comprehensive due diligence involves
How to analyse a site – are there flooding issues or problems with services?
Comparable sales analysis – working out what the property is realistically worth both before and after renovations
Checking the neighbourhood – does it have good amenities (e.g. transport)? Is it a gang area?
How to run the numbers – renovation costs, rental yield, profit if selling, capital growth potential if holding
Red flags – properties and issues to avoid

I hope you enjoy the video. If you have any questions about how we can help you with property investment, contact the team at GRA on +64 9 522 7955 or via our online form.

Request a Meeting

Salesh Chand
Partner and Director of Business Services

09 522-7955

saleshc@gra.co.nz

© Gilligan Rowe & Associates LP

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Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact the author.

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Testimonials

Have been using GRA for about 10 years, they arent the cheapest out there, but you get what you pay for. I have had Excellent support and guideance from Salesh and the added value he brings to my finances has been worth it. I know other people who have used other accounants and been given poor advice one reason I havent changed from GRA Salesh is my go to guy - Lee J - November 2017

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