Tag Archives | Apartment investing

Why AKL Apartments Doubled In 18 Months

AucklandAuckland Central is leading the way in property price increases. In the past 18 months the area of Auckland Central, which is mostly apartments, has seen the highest price percentage increase at 106.6%. The next best performing area was Sandringham with a medium property price increase of 69.4%.

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Apartments Now Attractive To FHBs

Major Banks may reduce the deposit required for buying an Apartment. Currently a twenty percent deposit is required and this could drop back to fifteen percent. The focus of the move is on home ownership not investment and it should attract more first home buyers into the property market.

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