Positive cash flow in Auckland? Yes, you can still achieve it
As all investors know, chasing yield in Auckland has become challenging – especially if you also want capital growth.
We recently purchased this 1970s South Auckland property for $850k, on behalf of a client with a well-established portfolio. Rented for $930 pw, it’s delivering a very pleasing yield of 5.68%.
Recently renovated, the house had the bonus of a newly built (fully consented) two bedroom minor dwelling. It’s located on a full site in a popular area with a good growth record. It also has good street appeal, a fenced easy-care section, and is close to parks, bus routes and schools.
The main property settled with tenants in place – and a week later our team secured tenants in the minor dwelling.
Published on Monday, December 5th, 2016, under Uncategorized