With 2015 upon us, it's time to get cracking on those resolutions! Of course, we don't mean any of the ones about picking up that book or taking that cooking class – those are for you to do without our interference. But if you've made buying investment property in New Zealand a resolution for 2015, then that's something we can help with!
But first, you have to know what you want and how you stand financially. So before anything else, let's look at what might be on your wish list for 2015 as a property investor.
Stable interest rates
These would be top of anyone's list really, but given there are suggestions of an increased interest rate later in the year from pundits like Roger J Kerr, some stability for the beginning of 2015 in particular might be very useful. This may allow you to lock in a home loan with a great interest rate and be onto the property ladder with a clear sight of what you will pay in the coming years!
Knowing what you have and where its going is vital, so getting the right property investment advice alongside interest rate stability will be very appealing for many.
Affordable housing, with growth
The property dream! While it might seem difficult to find in Auckland, you just need to know where to look. While the Real Estate Institute of New Zealand's median home prices for November showed central Auckland as quite expensive, casting your eye to outer suburbs might net you some great deals.
For example, Hamilton City property has a median price of $380,000, which is $20,000 more than in November 2013. Affordable, and growing! A fantastic combo if you ask us.
To find out more about how to make your property investment wish list a reality, contact the Goodlife team. We'll help you out, no matter your situation.
Here's to your financial independence!
Daniel Carney
Authorised Financial Adviser / Investment Property Expert