Getting a handle on mortgagee sales
Friday 13th March
Hi
A little while ago I commented on the coverage of mortgagee sales in New Zealand. This week there was a useful bit of information put out which was, arguably, the more definitive research with real numbers.
The stories written in the past had been reasonably sensationalist and not particularly scientific. The new survey, from Terralink, is based on registered mortgagee sales.
What is interesting is that the percentage and actual numbers of properties sold by this method is pretty small; 191 properties nationwide in January. But growing.
Finsih reading my Blog here and don't forget to post your comments and feedback.
Have a great weekend.
Warm regards
The Landlord
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L A T E S T H O T L I S T I N G
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| 17% Below Value and 9% Yield |
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Manurewa, Auckland ONLY $267,000
Huge brick and tile unit in excellent location, this is the rear end unit of 3. The other 2 units are owner occupied and well maintained. Convert to 4 bed, modernise the interior to increase rental yield, or steal the massive equity in this deal. R V $320,000
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