Investors switching from residential property in favour of commercial are driving strong interest in industrial sites and buildings across the country despite pandemic uncertainty. Alan Henderson, Director at property company Erskine Owen, said there is growing interest in commercial property because investors want a simple and long-term investment. “Residential investment is expensive, with landlords already…
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Westland Property Syndicate LP This offer will provide investors with the opportunity to invest in a high-quality industrial building with a long established tenant, Pegasus Engineering Limited, servicing the construction and infrastructure development sectors in the South Island. The property is located alongside other well-known NZ brands in the Izone Business Hub in Rolleston, one…
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Westland Property Syndicate LP at 6.25% p.a* projected cash return paid monthly EO Director Alan Henderson speaks to key members of the business who were instrumental in bringing this investment opportunity to you. Watch the webinar recording below to learn more about the Westland Property Syndicate. Video timeline: 00:48 Lisa Phillips, EO Director, talks about…
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1. Our mortgage service has been helping hundreds of clients in Erskine Owen since 2011 Our mortgage brokering service offers the most comprehensive financial solution to our clients. Every year we cater to many clients for their mortgage needs so that they can meet their financial goals. We’re based in Auckland, but thanks to the technology, we’re able to help clients everywhere in New…
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29 William Ave, Manurewa was secured on behalf of our clients through an auction process with the purchase price of $902,500 in July. The 1960’s-built weatherboard home with open plan living comprises of three bedrooms, one bathroom and one separate garage presented in tidy condition. The property had established tenants who wished to stay on.…
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1. Our own property investment journey started in residential property Naturally, residential property was our focus when we started the business, buying residential property. Residential property is not really a yield play – it’s about long-term equity growth. And therefore, we were laser focussed on achieving maximum capital growth. Our recommendations to clients of where…
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Interest deductibility is now ruled out for existing properties… we think (it’s still not completely clear), and will not be ruled out for new builds….probably, which is causing investors to think, “should I invest in new builds or existing properties in New Zealand?” Before the announcement about eliminating interest deductibility for investment properties people typically…
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45 Barrington Drive, Hamilton was secured through an auction process in May for $1,027,000 with vacant possession. The owner was downsizing to a retirement unit. This house is a 2006 built low maintenance construction with 2 living areas in open plan configuration and connected outdoor flow, 3 bedrooms, 2 bathrooms and double internal access garaging.…
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More investors cashing out of residential property, some going into commercial – research
More investors are cashing out of residential properties – and some intend to put their money into commercial buildings, recent data and commentary suggests. An October Tony Alexander Portfolio Investment Survey shows of 1753 respondents, a net 19 percent intend to reduce their residential property investments over the next year. A net 2 percent intend to buy commercial property,…
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