Property investments can provide both income and growth. Most consider it a safe bet in NZ, as you can usually get started with very little, although there are downsides too.
Property can provide income – from rent, and capital gain – from increase in property prices. You need to consider many things very carefully before embarking on property investment, like the location and the property itself. You need to ensure that the rental income covers the cost of ownership – the mortgage, rates, repairs and other costs. Consider what would happen if the property was vacant for a few weeks, or needed urgent repairs – do you have enough cash reserves to service the home loan and make the repairs? You may get a capital gain from property ownership in good times, however house prices do go up and down, and it may be difficult to sell in a slump.
You may want to consider investing in commercial property, or perhaps more than one residential rental property. Here’s where we can help. Not only do we have over experience in residential and commercial property investment, we can assist with your mortgage application as well. Iconic Financial’s financial planners will be able to advise you and assist you on the best options for you and your financial plan.
No Obligation Consultation at Our ExpenseContact us now you have nothing to lose. That’s why we offer a no obligation meeting at our expense. It wont cost you anything to find out what benefits you will gain. So contact us today and discover how to get yourself on the road to property investing success.