Client sees exceptional capital growth on first investment property

December 9, 2013

In September 2011 we purchased a property for a client in West Auckland for $435,000.  In October 2013 our client had the property re-valued by an independent registered valuer for $660K, based on other sales in the area. That’s a $225K capital gain in 2 years – 24.8% capital growth per annum, compared with the…

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Erskine + Owen acquires commercial office building for client

December 9, 2013

Last month our lead commercial property buyer secured the following property for our client: Purchase price $2.010m Rent $159K per annum Yield 7.92% Lease: 6 year lease beginning in October 2013 with 2, 3 year right of renewals Strong tenant – well established company Property type – two level office space with no earthquake issues…

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West Auckland suburb experiencing strong capital growth

September 9, 2013

This client wanted a property that had good strong capital growth potential over the short term and beyond. We agreed on particular suburbs that have shown through our research to be drivers of long-term sustainable price growth, and searching was focused in these areas.  We are currently working in a rapidly moving market. It took…

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Some West Auckland suburbs still a ‘hot spot’ for strong capital growth

September 9, 2013

  There are still areas that have a solid capital growth record in West Auckland, and this was what our client was looking for when we found this property. Ready to rent straight away this property was a full site, in a sought after area. There are still little gems like this if you know…

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E+O procures highly sought after property – secured off market

August 9, 2013

The market is particularly “hot” in many areas and for some types of property – e.g. 1960’s weatherboard properties on full sites around the $500k mark. Hot can be defined as multiple offers, 6–11, being presented with the accepted offer often being unconditional and at a price that would set a new precedent for the…

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Renovation increases rent by $50 p/w

July 30, 2013

The focus of this renovation was to increase the rent for our client. Initially the rental return was $390 a week, but by updating the kitchen, bathroom, and painting the house we were able to increase the rent from $390 to $440. Here are the before and after photos of the renovation… BEFORE AFTER 

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Renovation increases quality of tenant

July 30, 2013

At Erskine + Owen we are regularly planning and executing renovations for our clients. We know how much to do to maximise rental return, and we know how to get it done well and quickly at good prices so that you can get the property re-tenanted as quickly as possible – without the time wasting and…

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Renovation to increase re-sale value

July 30, 2013

The focus of this renovation was to prepare this property for sale. First we inspected the property and compiled a renovation strategy.  We then compiled a budget based on quotes from tradespeople we know and trust.  We designed a colour palate, which the client approved. Our process is designed to be stress free for our…

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Successful auction bidding on behalf of UK client

July 9, 2013

We were recently engaged by a Kiwi couple living in London who wanted to secure a property in Northcote, Auckland. They had identified two properties. We attended the first auction on their behalf. While we were bidding in the middle of the day they were sipping hot chocolate before bed. We were the underbidder on…

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West Auckland property with subdivisable potential

May 9, 2013

Client Brief: Wanted to start portfolio and had good purchasing power. Took our recommendation as to where and what to buy. Purchase date: Dec 2009RV: $565k Purchase Price: $545k – inclusive of our fee Equity on purchase: $20k Land: 1,153m2 – coastal Dwelling: 3 bed, 90 s/m do up, plus large garaging/ office Rent: $360 p/w…

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