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In the bustling heart of Auckland CBD, amidst a sea of 791 listed apartments, only 1 priced <$1m boasts four bedrooms or more. That's less than 1% of the available options.
Discovering a four-bedroom gem in this price range is akin to finding the pot of gold at the end of the rainbow—exceedingly rare and immensely rewarding.
In 2023, New Zealand warmly welcomed a net positive of 130,000 new migrants, many of whom set their sights on Auckland for their new home. This influx of eager residents has intensified the demand for housing, propelling rents beyond pre-Covid levels.
Despite this surge, higher interest rates have tempered price escalations, presenting a unique opportunity for savvy investors. Picture this: studio apartments fetching over $500 per week, translating to a potential net ROI of over 8% on the asking price.
And let's not forget the allure of scarcity—the undeniable appeal of owning something that comprises only 2% of the market.
But time is of the essence. With the Reserve Bank cutting rates last week, the brakes are off and the window of opportunity is narrowing. Seize the chance to secure one of the most promising investments for your portfolio.
Reach out today to schedule your viewing. Move swiftly; fortune will favour the fast in this case.
Note: The chattels in the photos may vary from what is being sold, please check the chattels list if this is important to you.