Q&A: Auckland apartments

Hi Olly

What does your crystal ball say about property values with particular reference to the Auckland Apartment market?

Leonie

Dear Leonie
The apartment market was grossly over valued a few years ago and now its grossly undervalued. If you can afford it, buy any good freehold apartment of at least bedroom or more, with views and a car park and over 50M2 in size. Avoid those that are a part of a hotel pool or the like because of possible GST issues. Guaranteed rents are to be avoided as well as they are usually over priced and yu end up paying for your own rent.

Regards
Olly

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