The return on your hard earned savings from your bank is under 2%. Pretty soon, the major trading banks will be charging YOU to keep YOUR hard earned money in a safe and secure place. There is a better way for Mum and Dad investors to achieve much better returns and you've found it right here. You may not have a lot to invest however understanding the rate of return and how much you'd need to invest will answer this very question.
This 45sqm two bedroom apartment in "The Landings" building must be approached as an investment that'll give you a decent, inflation proof return on your savings well into the future. The rent for this is $440 per week, even after the "Covid Effect" that's $22,880 per year, you then deduct your costs such as body corp fees AND then you divide that figure by how much money you'd like to spend and there is your rate of return. BOOM! Is that rate of return in double digits?
Don't forget the Pool, Gym and Tennis Court as excellent facilities for either your tenants or you as an owner occupier.
Whatever your desired rate of return is, no matter how greedy or guilty you feel about how much return you want DON'T BE! We would not discourage you from contacting us no matter how outrageous your purchase price.
Our "out of town" sellers are original owners and are not interested in being landlords in Auckland any longer. They offer this seriously affordable apartment so you can start yielding a real rate of return on the day you take possession. It's time to take the power back and ensure that YOUR savings do not end up on the critically endangered species list, contact us today for a same day reply.