Property Advice Expert
We are looking to purchase a home and possibly a rental property but are unsure of what strategy to take. We have about $300,000 and live in Auckland. Should we buy a high-priced central city family home and leverage off it as its value rises or should we buy a family home further out and then take the extra cash to buy perhaps two other rentals. What is the better approach over a 15 to 20 year period?
We are preparing to become property investors. In your opinion, are units as good an investment as a house? Or do they not increase in value over the years as well as a house does?
I'm a newbie in property investment. I have choices to make re investments in rental property and I would like to get your advice. First is (A) buying a three-bedroom brick and tile house in Glendene area. Second is (B) buying a refurbished three plus two bedroom house (brick base) in Manurewa area with a possible sub-dividable section. Assuming the purchase price of both house is about the same then which option would give more rate of return in the long run? Also, how is the capital growth rate of housing in Manurewa compared to Glendene?