How To Buy A Bargain In The Property Market

[@Kiwisnrl]

I found a property on a cross-lease in I think it was epsom a few months ago. It looked very attractive. 3 bed and similar pricing but a bit higher to your e.g. and vendors paid a lot for it 5-7 years earlier. Realisation hit when I investigated further and 2-3 years ago townhouse complex had been built 2 doors down, the townhouses were a lot cheaper for the same size, 3 bed etc and thats the answer to Akl housing and diminishing returns to property. I'd say it'll take a few years for prices to come out of the cave in Akl as incomes increase as proportion to 1m+ mortgages and overleveraged supply

[@aotearoanz5769]

I used to charge around Ponsonby with my uncle & cousins renoing those villas bac in the early 70's... Unc's was the same principal buy low & win... He made alot of $$$