Apartments for Sale Auckland – Investment Property Opportunities

Posted on Wednesday, February 12 2014

Auckland apartments investment or Home.

If you are on the hunt for a New Zealand apartment for sale, there are a few things to keep in mind. Apartment investments can offer a good return if you invest in a building that will be popular with renters. This may be easier said than done if you are not familiar with Auckland, Wellington, Queenstown or another New Zealand community you are interested in. this article will give you four factors to consider when you want to buy apartments. We will also let you know of a company that can help you find residential apartments for sale.

Auckland apartments investment

The first consideration when shopping for apartments is location. Whether you are looking at a residential apartment in Auckland, Wellington or Dunedin, the community around the building will be a key factor. Young apartment tenants in Auckland often want a building which is close to the viaduct, CBD or public transportation for easy mobility. Families may want a park nearby for their children to play in. school systems and safety will be other features tenants are looking for. Keep the location in mind when shopping for an apartment and think about whether you would want to live in the area you choose.

When you choose a neighborhood that features good parks and schools with a low teacher-to-student ratio, you may end up paying more for you building. However, you will also be able to charge higher rent, which means a long term better return on your investment. You may also be looking at a higher appreciation rate because your apartment will be desirable to wider range of tenants. This is important to keep in mind when looking at investing in the apartment market.

By the same token, choosing an apartment in a student area may offer a good deal up front. However, your ability to find quality tenants or families will not be as high. Apartments in these areas tend to have a higher turnover, which can greatly decelerate your appreciation rate. Even if you pour money into keeping your building up well, you may not get the same rate of return on your investment.

School Zoning is another consideration when you are shopping for Auckland investment apartments for sale, many families in Auckland re locate to a specific area which is with in the best school zones. The astute apartment investment buyers will look for a building that can be zoned for a variety of purposes, particularly if you are investing in this property over the long term. Looser zoning gives you the freedom to transform lower apartments into shops or restaurants at some point if you like. Flexibility may work both in the favor of your tenants and in your bank account.

Apartment investments can bring a very nice rental income if you choose your building carefully. There are many areas of New Zealand that would provide lovely investment properties for this purpose. To ensure you get the best return for your real estate investment, enlist the services of a property finder in New Zealand. This experienced professional can help you find the best building for your needs so you can get a good rate of return on your investment. Talk to PropertyGenie.co.nz. for more information about apartment sales.

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