Investors are making their own luck in the regions and in the least popular suburbs of Auckland. Property values have sky-rocketed pretty much everywhere in Auckland however there are investors still buying properties under market value. They are just not located in the popular suburbs and the properties need a bit of work.
We are seeing many people quietly building equity by buying up in less popular suburbs of Auckland.
Lauren a mentoring client of PropertyTutors is on video with Sean Wood explaining how she recently bought four properties all under market value. Lauren is new to property investing. She joined the Property Masters program in May 15 and under Sean’s guidance has bought, renovated and sold four properties. Sean says:
Investors add value. They look for properties others will not buy, upgrade and improve them, and in the process they have a net positive effect on our housing stock whether those properties are bought for rental or to return to the market for sale.
Many investors have moved their focus to the regions and property values have risen particularly in Waikato, Bay of Plenty and Northland. Last month some regions sales prices increased by 10 percent. For the investors who like to add value with renovations there are still plenty of properties in the less popular suburbs of Auckland in need of some loving tender care.
This blog article was written for PropertyBlogs by Mobilize Mail.