Moving to Hamilton

There are two sides of looking at your situation. If it is purely an investment then look at the numbers only. I would therefore consider buying the second property in the capital growth areas (central suburbs of Auckland). On the hand your own family home is a very personal and emotional aspect of life especially if you have children. Stability in the home and schooling are very important I would consider purchasing a home in the Hamilton area instead of paying rent for the next three years. I anticipate capital growth will come shortly to Hamilton because of the proposed inland port as well a as a capital boost in the agriculture areas through the commitment of an extra $10 billion per annum in trade products exported to China by year 2020. Your home in Auckland being rented out is sufficient to keep you on the property ladder and any equity that may accumulate over time could be recycled out to buy further investment properties.