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The growth in the central city apartment market has always been driven by the number of students + the number of cruise ships. I can tell you they are both back. Vacancy rates are dropping, the retail tills are ringing and rents are again rising.
Buy now before it's too late. Pre-covid sales statistics indicate a figure of $400,000 plus would be achievable for an apartment in Altitude. Recent bank lending policy has now changed to help first home buyers. This property matches the new bank's policy. As an owner occupier you or you + your partner can buy this with a 20% deposit. You can release your Kiwisaver to contribute towards this deposit.
So… You need $70,000 deposit (less your Kiwisaver contribution).
And your repayments will be less than c$350 per week.
Speak to your preferred mortgage broker or we can introduce you to one who specialises in apartment lending. Buy this, drill down the mortgage and start to climb up the ladder.
Freehold. North side of Sky Tower. An ideal first step.
Full info pack available upon request.