Auckland buyers accepting yields below 3%
An investment block of seven two-bedroom units flats in Mt Eden sold on December 2014 for $4,100,000.
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If ever there were evidence about Auckland’s overheated residential market, it is clear in the sub-3% yields investors are accepting.
For example, an investment block of seven two-bedroom units flats in Mt Eden sold on December 2014 for $4,100,000 had an average rental income of $360 per unit,
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Chris Hutching
Fri, 07 Aug 2015
Fri, 07 Aug 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Auckland buyers accepting yields below 3%
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