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At the time of writing this advert there are 576 apartments listed in Auckland CBD... 10 of these are 4 beds or over.
That's less than 2% of what's out there.
While 4 bedroom apartments anywhere close to this price point are incredibly rare to find, when you do you might have just found that pot of gold on the other end of the rainbow.
2023 saw New Zealand welcome a net positive 130,000 new migrants to our shores. That's 130,000 heads looking for a pillow and the bulk of this in-flow came straight into... you guessed it... Auckland!
This past year has seen rents soar past pre-Covid levels while higher interest rates are holding back prices from moving up with them to find their natural equilibrium.
With some studio apartments currently renting at >$500pw, it's extremely possible to be looking at net ROI of >8% on the asking price here.
This is all before factoring in the scarcity play of owning anything there's only 2% of.
With vendors set on selling to fund a new project, time is a key factor here. Some lucky investor is going to swoop in just before things take off and land one of the best performing apartments in their portfolio.
Get in touch today for your viewing. I'd move quick if I were you.
Note: Some photos used are of a similar unit in the same complex; however, please note that the furniture, outlook, and finishes may vary. For more specific details, please refer to the chattels list.
