SearchApartment strategy risks
Andrew asks:
(updated on Wednesday, September 16th 2020)
I'm interested in getting a start on the property ladder. I was thinking about investing in an Auckland CBD apartment and putting it on Airbnb. But it seems that the Covid-19 crisis has dealt a blow to that strategy. Do you think that is the case? Or do you think that it could be worth pursuing it a bit further down the track?
Our Experts Answer:
I’d be careful of this strategy at the moment as we currently have no idea on timeframes for when the boarders will open up again. I do expect to see some good buying opportunities come up in the apartment market going forward. But in the short term in this segment of the market, I believe we may see both prices and rents pull back a bit. So you will need to be careful in how you approach it.
| Heartland Bank - Online | 1.85 |
| HSBC Premier | 2.19 |
| HSBC Special | 2.25 |
| Kainga Ora - First Home Buyer Special | 2.25 |
| China Construction Bank Special | 2.65 |
| Kainga Ora | 2.88 |
| SBS Bank Special | 3.15 |
| TSB Special | 3.29 |
| The Co-operative Bank - First Home Special | 3.29 |
| ICBC | 3.29 |
| Select Home Loans | 3.34 |
| Heartland Bank - Online | 2.35 |
| HSBC Premier | 2.45 |
| China Construction Bank Special | 2.65 |
| Select Home Loans | 2.99 |
| Kainga Ora | 3.28 |
| SBS Bank Special | 3.69 |
| ICBC | 3.85 |
| Resimac | 3.89 |
| Bluestone | 3.89 |
| TSB Special | 3.94 |
| Wairarapa Building Society | 4.05 |
| China Construction Bank Special | 2.99 |
| HSBC Premier | 3.19 |
| Select Home Loans | 3.54 |
| Kainga Ora | 4.22 |
| Bluestone | 4.29 |
| Resimac | 4.29 |
| SBS Bank Special | 4.49 |
| TSB Special | 4.70 |
| ICBC | 4.79 |
| The Co-operative Bank - Owner Occ | 4.85 |
| Westpac Special | 4.95 |
| ANZ Blueprint to Build | 2.03 |
| Heartland Bank - Online | 2.25 |
| ASB Back My Build | 2.29 |
| Resimac | 3.39 |
| Select Home Loans | 3.49 |
| Bluestone | 3.74 |
| ICBC | 4.15 |
| Kiwibank Special | 4.25 |
| Kiwibank | 4.25 |
| Kiwibank - Offset | 4.25 |
| Kainga Ora | 4.43 |
