Why Invest in New Zealand Apartment Now?
There is no doubt that every investment is about getting the good return in the future, just like planting an apple tree today and hopefully to enjoy fruit tomorrow.
Some investments get excellent return while others get none or little.
So choosing an investment which has great future return is every investor's goal.
New Zealand is a small country in the Australasia region.
Current population is about 4.
15 million.
1.
24 million people live in Auckland - the largest city in New Zealand.
New Zealand's efficient, market-driven economy delivers key benefits to investors, including: (1) Business stability (2)Extensive free-trade agreements (3)Active government support for investment.
The property market in New Zealand is growing strongly.
Auckland city apartment is the biggest apartment market in New Zealand.
It has about 13,500 apartment units in Auckland CBD area.
Overall apartment price has been flatted due to over supply since year 2004.
So Why it is Wise to Invest in New Zealand Apartment especially Auckland City Apartment Now? (1) It is easy to achieve high rental yields.
For example, a small studio at Auckland Central City costing about NZ $ 120,000 can normally rent out as $230 to $250 per week (depends on the location and facility it has).
(2) New Zealand apartment has big growth potential in the near future.
The recent Auckland city council's plans to increase levy substantially has huge impact on the future development of new apartment buildings (source: New Zealand Herald, 28 Feb 2007).
This is potentially good news for existing apartment owners.
If the city council's proposals takes effect on the 1st of July 2007, huge increasing levies will force developer to get out of the city apartment market therefore limited supply will push the city apartment price up.
(3) Affordability - The starting price is around NZ $110,000 - 120,000.
The current market price is already a big discount than 3 years ago.
(4) No Stamp Duty - There is no stamp duty to pay on property purchase in New Zealand.
Every investment has its risk.
It is hard to make a good investment decision without sound knowledge and understanding of the local property market.
To minimise the risk of investing in New Zealand apartment you need an apartment specialist who has the local knowledge and experience to help you find the right property at the right price.
Some investments get excellent return while others get none or little.
So choosing an investment which has great future return is every investor's goal.
New Zealand is a small country in the Australasia region.
Current population is about 4.
15 million.
1.
24 million people live in Auckland - the largest city in New Zealand.
New Zealand's efficient, market-driven economy delivers key benefits to investors, including: (1) Business stability (2)Extensive free-trade agreements (3)Active government support for investment.
The property market in New Zealand is growing strongly.
Auckland city apartment is the biggest apartment market in New Zealand.
It has about 13,500 apartment units in Auckland CBD area.
Overall apartment price has been flatted due to over supply since year 2004.
So Why it is Wise to Invest in New Zealand Apartment especially Auckland City Apartment Now? (1) It is easy to achieve high rental yields.
For example, a small studio at Auckland Central City costing about NZ $ 120,000 can normally rent out as $230 to $250 per week (depends on the location and facility it has).
(2) New Zealand apartment has big growth potential in the near future.
The recent Auckland city council's plans to increase levy substantially has huge impact on the future development of new apartment buildings (source: New Zealand Herald, 28 Feb 2007).
This is potentially good news for existing apartment owners.
If the city council's proposals takes effect on the 1st of July 2007, huge increasing levies will force developer to get out of the city apartment market therefore limited supply will push the city apartment price up.
(3) Affordability - The starting price is around NZ $110,000 - 120,000.
The current market price is already a big discount than 3 years ago.
(4) No Stamp Duty - There is no stamp duty to pay on property purchase in New Zealand.
Every investment has its risk.
It is hard to make a good investment decision without sound knowledge and understanding of the local property market.
To minimise the risk of investing in New Zealand apartment you need an apartment specialist who has the local knowledge and experience to help you find the right property at the right price.