How to get started with $60k
The property market is booming, so how does a newbie investor get started in property investment in 2015?
Tuesday, September 15th 2015, 9:26AM
by The Landlord
It can be hard to get into the world of property investment – especially when it comes to the superhot Auckland market.
Just a few years ago, there were no LVR restrictions and over 20% of residential lending was at greater than 80% LVR.
But now would-be investors determined to launch a property investment career might have to take some risks and be creative.
In the September issue, NZ Property Investor magazine talks to six experienced investors to find out what they would do if they were starting out today.
For the purposes of the article, it was assumed they would have scraped together an initial investment fund of $60,000.
This amount won’t usually get an investor very far in Auckland.
But the experts NZ Property Investor magazine spoke to said there are still opportunities for newbie investors, but it would be necessary for them to be innovative or to look beyond Auckland.
To read what the experts recommend, click here to get the digital issue of NZ Property Investor magazine.
Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.
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