SearchLooking south for investment
Corey asks:
(updated on Saturday, March 08th 2014)
Hi there, in August 2012 I purchased an investment property in Manurewa, south Auckland which was a good buy and gave me a little equity to then purchase a family home in September 2013 . Our LVR is now quite high so our next purchase is going to have to be a strategic one. One that is located in a high-growth suburb to then fund further purchases. We are looking at purchasing our next property in Hamilton in a high-growth suburb, could you point us in the right direction? Thank you and kind regards.
Our Experts Answer:
While I was born in Hamilton I am not the right person to comment on which area to focus on as I tend to mainly focus on central Auckland and the North Shore. I however have thought that Hamilton may be in for a good 2014 as with the overall economic indicators being positive plus more people being priced out of Auckland this is likely to have some positive impacts on Hamilton’s prices and the capital growth in this region. If your cashflow is okay then one option with the recent change in the Reserve Bank’s LVR policy is to consider a new build.
Most Read
| Unity First Home Buyer special | 3.99 |
| SBS FirstHome Combo | 3.99 |
| TSB Special | 4.39 |
| Co-operative Bank - First Home Special | 4.39 |
| ICBC | 4.39 |
| SBS Bank Special | 4.49 |
| Unity Special | 4.49 |
| ANZ Special | 4.49 |
| Westpac Special | 4.49 |
| Kiwibank Special | 4.49 |
| Co-operative Bank - Owner Occ | 4.49 |
| ICBC | 4.59 |
| ANZ Special | 4.69 |
| TSB Special | 4.69 |
| BNZ - Std | 4.69 |
| Wairarapa Building Society | 4.79 |
| Nelson Building Society | 4.87 |
| Westpac Special | 4.89 |
| Co-operative Bank - Owner Occ | 4.89 |
| Kiwibank Special | 4.89 |
| SBS Bank Special | 4.89 |
| Unity Special | 4.89 |
| ICBC | 5.19 |
| Westpac Special | 5.29 |
| TSB Special | 5.29 |
| BNZ - Std | 5.29 |
| SBS Bank Special | 5.69 |
| Co-operative Bank - Owner Occ | 5.69 |
| Kainga Ora | 5.69 |
| ASB Bank | 5.69 |
| AIA - Go Home Loans | 5.69 |
| Kiwibank Special | 5.79 |
| Westpac | 5.89 |
| SBS FirstHome Combo | 3.29 |
| AIA - Back My Build | 3.34 |
| SBS Construction lending for FHB | 3.74 |
| CFML 321 Loans | 3.95 |
| Co-operative Bank - Owner Occ | 4.99 |
| Co-operative Bank - Standard | 4.99 |
| Heartland Bank - Online | 5.30 |
| ICBC | 5.39 |
| Kiwibank - Offset | 5.65 |
| Kiwibank | 5.75 |
| Unity Standard | 5.79 |
