Finance & Strategy Expert

Finance & Strategy
Ask Kris Pederson, director of Kris Pederson Mortgages questions relating to Mortgages, Finance, and Strategy

Kris is a respected commentator on the property and finance markets in New Zealand and overseas. He spends his time working closely with his support team sourcing clients leading edge finance strategies.

Rent or sell in quiet market?

Evelyn asks:

I am thinking of renting out my property so that I can keep my child in the current school zone. However, the rent difference is not in my favour and I will have to top up my mortgage and possibly pay rent at a higher weekly rate. In a single income household just managing the mortgage (principal and interest repayment), should I keep to rent or sell in the current dampened housing market?

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SuperCity investing options

Mary asks:

Is property investment in Auckland still worth it? I am currently looking at a property in the range of $500,000 to $600,000 with a weekly rent of around $500. With a loan of $500,000, after rates, taxes, and all expenses, I will be looking at a weekly cash flow of around minus $200.

How can I justify such an investment? Is there something I am missing? I always hear talk of people using property investment as a positive cash flow but it seems highly unlikely in Auckland.





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Leverage strategies

Miriam asks:


We are looking to purchase a property in Auckland. But we want to buy with a view to investment and we aren't sure of what strategy to take. Should we buy a more expensive, inner suburb family home and leverage off it as its value rises down the track? Or should we buy a cheaper family home further out and then buy a rental as well? What do you think would be the better strategy in the long term?





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