Search results

  1. I

    Would you buy an Auckland serviced apartment running NZ$165/month negative?

    I’m considering a 2-bed serviced apartment in Auckland. The location appears to have durable demand, but using a conservative rent estimate of NZ$5,262 and allowing for reserves, it comes out roughly NZ$165 per month cash-flow negative. I can comfortably cover that, but the return then depends...
  2. I

    Are buyers negotiating more in Auckland after 80 days - second opinion? [mixed-use building]

    The Auckland market feels split rather than uniformly fast or slow. I’m looking at mixed-use buildings around NZ$1,617,000–NZ$2,426,000, and several have now been advertised for roughly 80 days. I’m trying to decide whether that length of time gives buyers meaningful negotiating room or whether...
Back
Top