Over the last 12 months or so, we have seen price decreases in some suburbs of Auckland, but the market now appears to be stable/flat. There are still discounted deals available, particularly from vendors who are under financial stress. Due to Auckland’s growing population, high employment, higher wages and supply-demand imbalance, I don’t see any major indicator causing further price reductions (unless we suffer a left-field global economic event).
3. Rents are increasing
Increasing rents means improved cash flow for Auckland investors, so buy-to-hold yields are starting to look better.
The team at GRA have been fantastic. They've been able to look at my catering business very closely and discover ways to free up my cash flow. In one example they were able to show me how to save 25% in costs that weren't obvious to me. I have no hesitation in recommending Gilligan Rowe + Associates - Phil Meleise - Manhattan Catering
Investing in residential property?
If you're investing in residential property, seeking to maximise your ability to succeed and minimise risk, then this is a 'must read'.
Matthew Gilligan provides a fresh look at residential property investment from an experienced investor’s viewpoint. Written in easy to understand language and including many case studies, Matthew explains the ins and outs of successful property investment.