Affordable Homes

This little beauty has everything an investor could ask for.

2 bedrooms and a car park in the very heart of New Zealands largest city.

Only 2 minutes walk to Queen St and seconds from the motorway this apartment makes great sense to either a busy executive who wants his pad in the city or the investor who is after yield and potential for capital growth.

Rental on these properties is normally around $500 per week furnished giving this investment a yield of 8.6% Gross

The apartment is 58m2 which means the banks will happily join you in this little venture.

Priced to sell quickly at $300,000 the numbers are below.

The following figures assume you borrow 100%. If you are unsure of how that can be done please contact 100@nzpis.com

Assumptions:

100% Finance

$500 pw Rent

5 weeks vacancy

6% Growth

4% Inflation

Salary used $60,000

Situated in the lovely resort town of Taupo this will have some great upside benefits.

The property is a very tidy near new 3 bedroom, 2 bathroom with internal access single garage. 1/2 share of a 1012m2 section. Low maintanance construction.

Purchase price = $185,000 including finders fee
Rental return = $ 280 per week or $14,560 p.a (tenants would love to stay).
Yield = 7.9%
Rates = $1,393.47 ( district council and Environment Waikato combined)

Thats right with 100% funding and interest rates at under 6% this is cashflow positive.

The following spreadsheet shows the important figures for the investment each year for up to 10 years.

I have highlighted your contribution per week based on an income of $60,000 per annum.

I have also highlighted the tax benefits in year one and the expected return to you the investor if you sold the property in year 10.

Remember this property is costing you nothing to own and is actually putting money into your pocket.

So what are you waiting for. Email me and lets get investing. contact me here

Million Dollar Views

For half that price.

This two bedroom property with a car-park is in one of Aucklands best medium rise buildings.

Located on the 10th floor and looking out over the harbour towards you will want to soak up the views on the huge decks.

The owner is moving to Tauranga for work and this is an opportunity to get a quality apartment at a great price before the world gets back into the Auckland market.

One Bedroom With Carpark

and a storage Locker.

This type of property is just about never found. Use this as your local pad during the week and walk to work. Head out to the farm or lifestyle block on Friday night and enjoy the weekend and the fruits of all your hard work.

The storage locker is dry and spacious, a perfect place to put those things you need but not right now.

So park your car for the week, take a short stroll to work and save on traffic hassles, petrol and stress.

Don’t wait this one will go fast.

Hi Readers,

Have you ever heard the saying, ‘Buy Low, Sell High’?

How about the saying…‘Do the opposite to what everyone else is doing’?

With so much media coverage about doom and gloom around the property market, the smart, savvy property buyers I have been working with, are actively buying right NOW. The lull in the market won’t last forever because when we look at the macro picture, the human race is always advancing and world population numbers are increasing. It’s all about supply and demand, everyone needs somewhere to live.

I used to always hear people saying “I wish I bought more property 20 years ago”. Maybe in the future, we will hear people saying, I wish I bought more property in 2008!

The great thing is, even if you are selling right now, you are still buying back in again on the same market, so it is all relative.

Here are some recent stats;

-It is now taking nearly two months to sell the average property in NZ!

-Last month in NZ, 4,305 homes were sold, compared with 7474 for June last year (2007) according to REINZ

-The reserve bank has just lowered interest rates yesterday 24^th July from 8.25% to 8% (Funny, I didn’t notice the papers making big headlines about this…They say doom and gloom sells papers, I am sure they would still sell papers if the headline read “Interest Rates Lowered First Time In Five Years”)

My two hot buys of the week are:

-Large 2 Bedroom apartment, with high ceilings in a character building on Emily Place, Downtown Auckland. Freehold. The owner is now ready to meet the market in terms of price, where ever that might be – www.barfoot.co.nz/391606 – If this rings your bells, act now and try an offer!!

-This may end up being one of the best buys on the shore! Circumstances dictate, this owner must sell this large 3 bedroom home + a big upstairs entertainment room in Northcote. On nearly 2000m2 of native, private bush. You can enjoy the peacefulness with the birds singing, tranquility and privacy, and only 10 min drive to the city! www.barfoot.co.nz/388368, It’s going to Auction and will be sold, so who knows what someone might pick it up for in this market!

To see my other current listings, please click here now.

I have been flat out recently, so my apologies if I haven’t been in touch as much as you would like. If you are desperately wanting to buy or sell, give me a call right away!

Know anyone else who would be interested in getting my property market update newsletter? Please feel free to forward this on to them. (Or ask them to drop me an email requesting to be kept informed).

Have a most outstanding weekend.

Kind Regards

Aaron Cook
Residential Sales –

Barfoot & Thompson city office
Telephone: 09 3778583, Office: 09 3076340, Mobile: 021 612 642

To learn more about me, please view My Personal Profile

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