Because our commercial property syndicate or fund offer has some unique features, to subscribe to the offer you will need to qualify as a “wholesale investor”. Wholesale investor is a term used in the Financial Markets Conduct Act 2013, to describe a person (or business) with a good understanding of different investment vehicles and how…
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Alan Henderson of Erskine + Owen answers the tough questions about retirement As I write this, it’s Saturday morning. I’m watching my son swim; I’ve just dropped my other son at cross fit. I’m negotiating to not have to drop my daughter at gym, but I know in an hour or so I’ll be picking…
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Should investors be scared off by the Reserve Bank’s increasingly hands-on approach to the property market? Not necessarily, as there are upsides – it creates a safety valve against potential overheating, and gives rise to some innovative investment vehicles. As investors, we Kiwis are used to a relatively unregulated property market. We’re renowned for favouring…
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We recently secured this tidy first investment property in Hamilton for overseas-based clients. Purchased for $560,000 the property is rented for $470 pw, delivering a yield of 4.36% The four bedroom, two bathroom home has a floor area of 159m2. Tidy and well-maintained, it was ready to rent immediately. A number of features made it an ideal purchase…
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Once a very seasonal town, Queenstown now attracts tourists all year round. As people move to the region to work in the growing tourism sector, demand for rental property has also surged. We’re finding that Queenstown properties on average, are performing better than other regions in terms of yield and capital growth – giving our…
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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…
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Our clients were looking for a high yielding property, so we suggested considering a unique property type that would allow for a maximum rental return. We purchased this 4 bedroom, 2 studio sleep outs, 2 bathroom property for $589K in Hamilton. The property was being rented on a room by room basis…
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The last month – Highlights on key market indicators Interest Rates: The RBNZ cut the OCR by 25bps last month – down to 2.25%. It cited slowing global growth and declining inflation expectations. We may see an even lower OCR. What does this mean? Interest rates are unlikely to tank any time soon. Net Migration:…
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With two investment properties already, our clients wanted to diversify their portfolio by investing outside Auckland, so we took them to Hamilton. The property we successfully purchased for them is on a larger than normal site (753 sqm) in a popular established suburb of Hamilton. This 1960’s brick house has 3 bedrooms and a floor…
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When Will The Dam Burst?
In property, as in all forms of investment, it’s important to have a long-term view and bear in mind lessons from the cycles we’ve been through before. The voices of alarm we’re hearing from some pundits now, takes me back to 2011. Then, we were four years into the life of Erskine + Owen and…
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