Monday, March 11th, 2013
Property statistics are clearly showing the start of next property cycle, with particular hot spots in Auckland and Christchurch. This is prompting investors who have been sitting on the sidelines to dust off their calculators and take a good look at the opportunities in the market. Low interest rates are one of the driving forces, along with net migration, the Christchurch rebuild, and the lack of property stock due to low levels of construction activity. The danger is that novice investors, caught up in the frenzy of an up-cycle, will make poor investment decisions.
Success in property investment comes from in-depth research and an understanding of what makes a good investment. The knowledge required takes time to acquire. Most seasoned investors will tell you they are still learning! If you are keen to have a go at property investing, here are some basic guidelines:
In the current low interest rate environment, property investment with a combination of rental income and capital gain is looking increasingly attractive.
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