Sold
2O/147 Hobson Street,
Auckland Central, Auckland City
NZD 210,000
Property details
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Agents
Ray White Auckland Central: A T Realty Limited (REAA 2008)
3/246 Queen Street, Auckland Central Auckland City 1010
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8.1% Net Return On Asking
With the banks struggling to stay competitive with inflation and current high yielding savings accounts offering 5% or less per annum, your money is simply not being put to work for you the way it could be in traditional investment vehicles.
This unit returns over 8% on asking price after outgoings when factoring in the current market rent. This works out as an additional 40% more on return on your investment each year! And the good news doesn't stop there. Once the inflation genie has been put back in its bottle, you can expect a proven capital gain of 20% in the coming years.
Harvard is a no-brainer purchase right now. It's a staple in the portfolio of any Auckland property investor, with 2 bedrooms that maximize rent capitalisation and a smaller footprint that makes it an attractive price. On top of that we have seen the equivalent of 4.5 years of annual rent price inflation in the first 5 months of this year. Apartments are literally renting for >20% more now than Nov/Dec last year.
It's literally a countdown until prices realign to reflect this rental demand disparity but until then, these rental rockets are like gold dust.
This unit returns over 8% on asking price after outgoings when factoring in the current market rent. This works out as an additional 40% more on return on your investment each year! And the good news doesn't stop there. Once the inflation genie has been put back in its bottle, you can expect a proven capital gain of 20% in the coming years.
Harvard is a no-brainer purchase right now. It's a staple in the portfolio of any Auckland property investor, with 2 bedrooms that maximize rent capitalisation and a smaller footprint that makes it an attractive price. On top of that we have seen the equivalent of 4.5 years of annual rent price inflation in the first 5 months of this year. Apartments are literally renting for >20% more now than Nov/Dec last year.
It's literally a countdown until prices realign to reflect this rental demand disparity but until then, these rental rockets are like gold dust.
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Contact Habeeb Urrahman
Contact Habeeb Urrahman
Habeeb Urrahman
2O/147 Hobson Street, Auckland Central 1010
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Habeeb Urrahman
2O/147 Hobson Street, Auckland Central 1010