SearchMissed Hamilton boat?
Cara asks:
(updated on Monday, October 26th 2015)
We have been looking in Hamilton for an investment property and prices seem to have taken off. We are looking at a place in Deanwell. The house next door sold for $265,000 in December (same size section, house, CV, rooms) and the one we are looking at has a fixed price of $319,000. Have we missed the Hamilton boat? We are looking at least a 10 year investment. Should we snap something up?
Our Experts Answer:
Firstly, you need to establish some investment rules to understand exactly what you are trying to achieve to ensure that you purchase the correct property/properties. Don't rush in with the worry that you need to make a decision as quickly as possible as that is likely to result in you purchasing the wrong property. There is a chance that the purchaser who bought for $265,000 has bought under market value or, alternatively, that the property which has a fixed asking price of $319,000 is unrealistic. If the property going for $319,000 is still of interest then it's a good idea to pay a registered valuer to do a report and ask their opinions on the market.
Most Read
| AIA - Go Home Loans | 4.00 |
| Unity First Home Buyer special | 4.15 |
| SBS FirstHome Combo | 4.29 |
| ICBC | 4.49 |
| Kainga Ora | 4.59 |
| SBS Bank Special | 4.69 |
| Unity Special | 4.80 |
| China Construction Bank | 4.85 |
| Co-operative Bank - First Home Special | 4.89 |
| TSB Special | 4.99 |
| Co-operative Bank - Owner Occ | 4.99 |
| China Construction Bank | 4.95 |
| Kainga Ora | 4.95 |
| ICBC | 4.99 |
| SBS Bank Special | 5.29 |
| Unity Special | 5.29 |
| Westpac Special | 5.29 |
| Co-operative Bank - First Home Special | 5.29 |
| ANZ Special | 5.35 |
| ASB Bank | 5.35 |
| BNZ - Std | 5.35 |
| AIA - Go Home Loans | 5.35 |
| SBS Bank Special | 5.49 |
| ICBC | 5.65 |
| Kainga Ora | 5.69 |
| ASB Bank | 5.75 |
| BNZ - Std | 5.75 |
| AIA - Go Home Loans | 5.75 |
| Westpac Special | 5.75 |
| Kiwibank Special | 5.89 |
| Co-operative Bank - First Home Special | 5.89 |
| TSB Special | 5.99 |
| China Construction Bank | 5.99 |
| SBS FirstHome Combo | 3.29 |
| AIA - Back My Build | 3.34 |
| SBS Construction lending for FHB | 3.79 |
| CFML 321 Loans | 4.20 |
| ICBC | 5.39 |
| Co-operative Bank - Owner Occ | 5.69 |
| Co-operative Bank - Standard | 5.69 |
| Kainga Ora | 5.79 |
| Pepper Money Prime | 5.99 |
| Unity Standard | 6.04 |
| Unity Special | 6.04 |
