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 | 1.99 |
| The Co-operative Bank - First Home Special | 2.09 |
| HSBC Special | 2.25 |
| ICBC | 2.25 |
| HSBC Premier | 2.25 |
| Kainga Ora - First Home Buyer Special | 2.25 |
| AIA | 2.29 |
| TSB Special | 2.29 |
| The Co-operative Bank - Owner Occ | 2.29 |
| SBS Bank Special | 2.29 |
| Westpac Special | 2.29 |
| Heartland Bank - Online | 2.35 |
| ICBC | 2.35 |
| HSBC Premier | 2.35 |
| TSB Special | 2.49 |
| SBS Bank Special | 2.49 |
| The Co-operative Bank - Owner Occ | 2.59 |
| BNZ - Classic | 2.59 |
| ASB Bank | 2.59 |
| AIA | 2.59 |
| China Construction Bank Special | 2.65 |
| Kiwibank Special | 2.65 |
| HSBC Premier | 2.89 |
| TSB Special | 2.99 |
| AIA | 2.99 |
| Westpac Special | 2.99 |
| ICBC | 2.99 |
| ASB Bank | 2.99 |
| China Construction Bank Special | 2.99 |
| BNZ - Classic | 2.99 |
| SBS Bank Special | 3.19 |
| Kiwibank Special | 3.19 |
| The Co-operative Bank - Owner Occ | 3.19 |
| Heartland Bank - Online | 2.50 |
| Resimac | 3.39 |
| Kiwibank - Offset | 3.40 |
| Kiwibank Special | 3.40 |
| Kiwibank | 3.40 |
| Bluestone | 3.49 |
| Select Home Loans | 3.49 |
| ICBC | 3.69 |
| The Co-operative Bank - Standard | 4.40 |
| The Co-operative Bank - Owner Occ | 4.40 |
| Kainga Ora | 4.43 |
