I can't see house prices dropping, $2000m to build a decent house in Christchurch, plus rising immigration. Average house $300,000, deduct land component $250,000 and the building and improvements only cost $50,000

Rents stink in Christchurch and have to go up, then buying an investment property will make sense. It's happening in Sydney:

Tenants get the blues as landlords rub their hands


http://www.smh.com.au/news/national/...104983576.html

Investment property is hands down the simplest, safest, you're in control way to generate wealth using the banks money - not at a 5% gross yield though.