Is buying an apartment a good investment in New Zealand?

Apartment investing in New Zealand, particularly in Auckland, has become popular over the past few years. Compared with buying a stand-alone house, here are two most common reason people choose apartment as investment property.

Apartments are often more affordable than houses in the main cities, so it can be a great choice if your budget is limited. Say you have $600K as your budget, it would be hard to buy a decent quality of freehold property in Auckland. But you have a greater range of choices when buying an apartment.

Also, from an investor perspective, apartment investing generally offers good cash flow / high rental yield. When it comes to property investment, positive cash flow is the king. Otherwise, you have to tap in more money from your pocket, depends how much you have to contribute. Good cash flow also helps you finance easier as the rental income is part of your total income that helped with the serviceability.

However, there’s no such thing as the perfect property. Apartments may be the choice of some investors in New Zealand, but that doesn’t mean they suit everybody, nor does it mean buying one is a piece of cake. That’s why in this video, we’d share four downsides of buying an apartment as an investment, so that you can weigh up the pros and cons and make informed decision.

1. Extra costs: Body corporate fees - 01:45

2. Limited capital growth - 03:13

3. Watch out for the leaky apartment building - 04:28

4. Home loan restrictions for apartment - 05:28

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