Quote Originally Posted by fungus pudding View Post
With that sort of money I doubt if you could beat commercail or industrial property. Conservatively geared would give you 80,000 plus, and if you learn the market you're in - you'll make good capital gains. Direct ownership - self managed, and no need to restrict yourself to Auckland or Queenstown. In fact Queenstown is hopeless for C and I.
Don't forget the minimum 5% insurance excess for earthquakes, applying to BOTH rents and material damage. That means you have to pay the first 5% of the replacement value of your building yourself whether you are claiming LOP or MD. That is a sea-change for commercial property investors used to a $1,000 excess.