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    Auckland serviced apartment at NZ$1.889m and 4.3% gross — does it stack up?

    If the income estimate proves optimistic, there is not much yield available to absorb the error. The Auckland 3-bed serviced apartment costs NZ$1,889,000 and is projected to produce NZ$6,716 a month, or around 4.3% gross. I have allowed for empty periods, management, ordinary upkeep and one...
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