Investing in Auckland apartments is a great way to get on the property ladder says a couple of property experts. Dave Windler of Mortgage Supply and long time apartment investor and mentor Grant Hoey agree there’s a lot more demand for Auckland apartments from first home buyers and it’s not just investors signing on for inner city apartments mentoring. Grant Hoey has provided his Auckland apartments mentoring service for over 10 years and says many of his clients are first-time buyers seeking support and guidance with the ever-growing apartment market.
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It’s official the Auckland apartments market is the latest to compared to house and land packages in the regions and it’s thanks to growing demand and more options available many not just in the heart of the city.
Auckland can not bring new apartments online fast enough. Demand for the smaller abode is coming from everywhere. Migrants, offshore buyers, empty nesters downsizing, first home buyers and property investors are all vying for new or newly renovated apartments. The older apartments however are ignored by these buyers and picked up by Grant Hoey’s investor clients whom have enjoyed a profitable 2016 renovating these apartments for on-sale and often achieving the end to end deal in as little as four weeks.
Where will you be investing in Auckland in 2016? Auckland apartments may feature strongly with investors this year. To say apartments are now in hot demand is an understatement given the growth in the market in recent months.
In the last 12 months Apartments have seen their values grow by 33 percent. Apartments were probably undervalued up until 18 months ago.
In 2015 many baby boomers have migrated to the city. They have sold the family suburban home and downsized to an apartment.
Auckland property values reached a peak of 20 percent growth in June 2015 and baby boomers have been quick to cash up.
Auckland apartment living and investing is on trend. It has been nicely helped along by the massive growth in standalone residential property values and the continuing RBNZ LVR restriction which has locked out many first home buyers.
Property Investors are fast realising they can make huge gains from investing in Auckland City Apartments. Webinar Presenter Grant Hoey – is a seasoned property investor who has specialised in the Auckland Apartment market for many years.