Question from Miriam updated on 29th June 2018:
The property market seems to have slowed down a lot, especially in Auckland. But prices are still growing in the regions. Do you think it is a good idea to invest in a property in a regional market? If so, are there any particular considerations to take into account?
Our expert Kris Pedersen responded:
There is still some growth in places like Wellington and Hawkes Bay has been moving along as well. Where ever you look though make sure to take the long term fundamentals of the area into account. Will that area have population growth? Do the incomes support more rental growth? What is happening in regards to new infastructure which might create new opportunities or support future growth?
Kris Pedersen of Kris Pedersen Mortgages is a commentator on property and finance. His team sources top finance strategies. www.krispedersen.co.nz