OFF- PLAN APARTMENTS WORK EXCEPTIONALLY WELL FOR INVESTORS
No need to compete at auction
Capital Growth Prior to Settlement
With average house prices in Auckland now in excess of $850,000, and rents not keeping up with capital growth, yields on stand alone houses have been dropping.
THE APARTMENT HUB offer a selection of apartments that deliver excellent yields. Choosing wisely, an investor can own a new freehold apartment with very little ongoing top up cost….even borrowing all the purchase price*, and after rental income and outgoings such as mortgage interest payments, Body Corp and Rates.
*Assumes that an investor currently owns existing property in NZ and some capitail can be accessed through that property
RED HOT RENTAL MARKET
Ray White City Realty Ltd apartments under management are showing rental growth of 5-8% in the 12 mths to Dec 2014, and 5-8% in the period Jan to July 2015. Vacancy has dropped from 12% to 2% over the same period. On the back of high net migration and a general shortage of apartment rental stock, the market is likely to remain buoyant for some time.
Rental vacancy drop
*Based on the figure in the 12 months to Dec 2014, and in the period of Jan to July 2015.