Property Advice Expert
Dear Ron, would you hold your properties for another two to three years and pay off your own mortgage completely to be become freehold? Or is it better to sell now when the market is in a peak and minimize your existing mortgage? Thanks, Raja
I have a revolving credit line secured against my freehold property up to $700,000. Would it be better to invest in high capital growth areas in Auckland or spread it over two to three rentals for high yield returns?
I am looking to buy an investment/rental property. I have up to about $350,000 and I can use the equity in my existing properties. What would be the best for capital gains? A central Auckland apartment or buying further out like the North Shore? I want to keep up with capital gains and have something for my two grandsons as a deposit. The increases tipped for Auckland prices in the future are frightening when you think of the younger generation.