Apartment vs house investment: 4 pitfalls of buying an apartment as an investment property скачать в хорошем качестве

Apartment vs house investment: 4 pitfalls of buying an apartment as an investment property

Is buying an apartment a good investment in New Zealand? Apartment investing in New Zealand, particularly in Auckland, has become popular over the past few years. Compared with buying a stand-alone house, here are two most common reason people choose apartment as investment property. Apartments are often more affordable than houses in the main cities, so it can be a great choice if your budget is limited. Say you have $600K as your budget, it would be hard to buy a decent quality of freehold property in Auckland. But you have a greater range of choices when buying an apartment. Also, from an investor perspective, apartment investing generally offers good cash flow / high rental yield. When it comes to property investment, positive cash flow is the king. Otherwise, you have to tap in more money from your pocket, depends how much you have to contribute. Good cash flow also helps you finance easier as the rental income is part of your total income that helped with the serviceability. However, there’s no such thing as the perfect property. Apartments may be the choice of some investors in New Zealand, but that doesn’t mean they suit everybody, nor does it mean buying one is a piece of cake. That’s why in this video, we’d share four downsides of buying an apartment as an investment, so that you can weigh up the pros and cons and make informed decision. 1. Extra costs: Body corporate fees - 01:45 2. Limited capital growth - 03:13 3. Watch out for the leaky apartment building - 04:28 4. Home loan restrictions for apartment - 05:28 Learn more (blog version): https://prosperityfinance.co.nz/blog/... ----------------------------------------------------------------------------------- Other Videos You Might Like: Do banks take a conservative or aggressive stance on mortgage lending?    • Do banks take a conservative or aggressive...   Why should you consider refinancing your mortgage?    • Why should you consider refinancing your m...   When our client faced the risk of not settling on his off-the-plan apartment, how did we help him?    • When our client faced the risk of not sett...   Important New Zealand lending policy update in October 2020    • Important New Zealand lending policy updat...   ----------------------------------------------------------------------------------- You can still follow me here: As a subscriber of this channel, you are going to be the first to hear about the latest financial tips and the latest bank special offers. So subscribe to my channel right now.    / @prosperityfinance_en   GET MORE PROSPERITY FINANCE! As a financial advisor based in New Zealand (Auckland), we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer. Our key value: 1. We can ensure your assets are under protection by reviewing your loan structure. 2. We offer flexibility to you, which means you will never get stucked into the situation like when you need money while bank cannot offer you the money. 3. We help you save interest and save tax by developing a personalized repayment plan. TONS MORE VIDEO NEWS & TIPS http://prosperityfinance.co.nz/blog TESTIMONIALS http://prosperityfinance.co.nz/testim... LET’S CONNECT! Prosperity Finance: http://prosperityfinance.co.nz/ Facebook:   / prosperityfinancenz   LinkedIn:   / conniewang-profinance   Instagram:   / prosperityfinance   WeChat: XY_PAL WeChat Official Subscription: xiaoyu频道 TALK TO US NOW! Phone: 09 930 8999 Email: [email protected]