I HIGHELY RECOMMEND you do more research before making the leap as its much harder to sell and get your money back if the market has a negative move south ...I see sales numbers in Auckland dropping like a stone of late >> Fed increasing rates with talk of another three rate increases next year ...if so we could well see 7%+ floating rates sooner than many think ...that will cause many overleveraged to hit the wall and you will see some ripping bargains >>
IMHO Cap growth is very limited for the next decade or so .. so in my case I have just purchased a High yeild commercial property with a 10.55% net yeild (all costs paid by tenant) now the location has nil Cap growth potential but solid yeilds on prices..
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