Freer Property and Finance

The demand for Auckland rental properties is now exceeding supply; increased costs of land, as well as building and compliance costs, mean that new developments are less affordable. These factors all contribute to the next phase of the property cycle; as rents rise and interest rates fall, property yields increase. Auckland City home values increased 4.9% and in 2009 clawing halfway back from the drop off the peak in late 2007, according to QV valuers.

• No Capital Gains Tax.
• No Stamp Duties or Land Tax.
• No Inheritance Tax in New Zealand.
• Huge demand for inner-city living in quality properties
• Auckland has some outstanding fundamentals for excellent long term capital growth. It is New Zealand's largest city with a population of 1.8 million and a strong growth rate. This spectacular city has a breathtaking harbour and amazing beaches. 
• Currently yields are around 5-6%pa and 'fixed' interest rates are also starting from 6%pa

The developer of the recently completed apartments is selling his remaining stock.  These quality apartments have just had their prices slashed and are now priced up to $30,000NZD below their current market valuation.

The timing is right for investing in New Zealand property!
A recent study has tipped Auckland property prices to increase by almost 30% over the next three years (see article further down).  During this time Auckland is also predicted to have the highest increase in property prices in New Zealand.

The combination of reduced purchase price, decreasing interest rates, lack of new housing, high population growth along with a weak New Zealand dollar makes now the perfect time to consider investing in the Ivory Apartments.

The deal
Along with the reduced purchase price the developer is also offering a two year rental guarantee with a minimum of $25,000NZD per annum and any up side in rental return going to the owner.  They are also offering a reduced property management fee of 5% for all purchasers; market rates are 8% therefore this will reduce your annual property expenses.
A great location for investment
Located in a very desirable up-market suburb on Auckland’s inner city fringe these spacious apartments can offer rental yields of 6 – 7 % with great capital growth potential. 

These high yielding Auckland apartments are priced to sell and those with genuine interest are advised to contact us immediately.
Key benefits of investing in Ivory Apartments:

Recently completed high quality Auckland apartments
Priced up to $30,000 off valuation
Two year rental guarantee of $25,000NZD minimum with any upside to the purchaser
5% Property Management fees (usually 8%)
Favourable exchange rates for overseas investment
Located in up-market inner city Auckland suburb
Apartments will suit investors and owner occupiers
Great capital growth location
These apartments have the right combination of rental and capital gains potential!
This stunning apartment complex offers a variety of 2 bedroom, 2 bathroom apartments over seven floors, finished to a very high standard that will appeal to the professional tenant. The Ivory apartments are spacious for the Auckland market, offering greater living space along with two bathrooms.  They all come with at least two car parks and this presents a key point of difference for rental potential.
Prices start from $395,000NZD

Check current exchange rate ... http://www.ozforex.com.au/cgi-bin/convert.asp

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