Many People will think the article below is a disgrace when in fact they should be wondering why they are not joining in.
There is a reason why people will start to buy property in another country far from their own…..because the potential to make money is extremely good.
I think that one of the advantages we have being local is that we can cash in on the bonanza ….after all developers locally can only sell to a certain number of overseas investors before their funders say no more. You however can sell your property to whom you like…
At the moment one of the strategies I’ve been investigating is actually something I did many years ago when I first started investing in Real Estate…and that is buying off the plan.
Buying off the plan is a great way to get into a property at a very small price (especially if deposit bonds are available) and then as prices go up during the period before settlement you get the capital growth…..of course the flip side of that is that you also could end up owning a property that you can’t afford in 2 years time…..which is why it is important even when buying off the plan to make sure the property is a sound investment, if you can’t sell the property and need to settle will it still prove to be a great investment for you?
A jump in the number of Auckland land sales to offshore developers and investors – especially from China – has been a feature of the New Zealand property market over the past six months,
via Offshore money floods Auckland – Property – NZ Herald News.