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Affordable Auckland Investment Property
High Yielding Rental Guarantee!
Proximity's developer has just released, previously unavailable, two bedroom apartments. These are the prime corner properties with a conservatory and two balconies.
Low Price Point!
The Proximity has a low price point for the Auckland market ranging from $150,000NZD for a Studio to $294,000NZD for a two bedroom apartment. At this price we do not expect them to last long on the market.
Rental Guarantee!
New Zealand Property Solutions has negotiated a two year rental guarantee of $400 per week, for a 2 bedroom apartment, exclusively for our clients. This guarantee is based on current market rental rates.
High Yielding Apartments!
The apartments will generate a rental return between 6 - 9% per annum, making them some of the highest yielding apartments available in Auckland today.
Minimal outlay until completion in early 2009!
You can secure a property today with only a 10% deposit, or deposit bond, required until completion.
The developer will also subsidise the cost of the deposit bond by $1000 thus making the total deposit bond cost at approximately $1,200NZD. Alternatively a cash deposit for these apartments will start as low as $15,000NZD.
Hassle Free Investment until 2011!
With completion in 2009 and a high rental return guaranteed for two years, the Proximity Apartments offer a sound long term, hassle free investment.
An excellent deal on Proximity's prime apartments.
This deal is available for all apartments in Proximity including the upper-level and penthouse apartments. With 16 floors in total there is a good selection of top floor apartments with great urban views. As previously mentioned, the corner two bedroom apartments are the prime properties in the building with two balconies and a conservatory.
Price Range:
Studio: $150,000 - $162,000NZD
One Bedroom: $197,000 - $218,000NZD
Two bedroom: $294,000 - $349,000NZD
(Ranges from: £54,000 - £125,000 ; $74,000 - $173,000USD ; $115,000 - $268,000SGD ; $117,000 - $272,000AUD)
Purchase price is in New Zealand Dollars. All other currencies stated above are a guide for your convenience and are subject to exchange rates
Weekly Rentals:
$330 - $400NZD Guaranteed for two years.
Key Investment Features:
- Top level apartments are available for purchase
- Superb views from higher levels
- 2 year rental guarantee
- Manakau is experiencing strong population growth
- Furniture packs and car parks available for purchase
- Free Washing Machine and Dryer package
- Includes full Whiteware package
- Close proximity to Auckland International Airport
Why invest in Auckland & New Zealand?
- The city is growing 2 times faster than any other city in New Zealand - by 2021, Auckland will be home to 2 million people
- Auckland officially has 33% of New Zealand's population
- Auckland has 30% of New Zealand's economic growth
- $2 billion investment is underway for rail and subway infrastructure
- Ranked 5th best city in the world - 2007 Worldwide Quality of Life Survey
- Host to the 2011 Rugby World Cup and the 2015 Cricket World Cup
- The demand for Auckland rental properties is exceeding supply; increased costs of land, building and compliance costs, make new development less affordable.
- These factors all contribute to the next phase of the property cycle; as rents rise and interest rates fall, property yields increase
- No Capital Gains Tax
- No Stamp Duties or Land Tax
- No Inheritance Tax in New Zealand
- Huge demand for inner-city living in quality properties
- Manukau has more affordable property than central Auckland.
These factors mean that there is no better time to buy than now.
The suburb of Manukau has strong population and economic growth. It is just 20 minutes from downtown Auckland and is the location of Auckland International Airport; arrival point each year to over 1.7 million visitors to New Zealand.
Manukau is rich in cultural diversity offering a blend of urban, rural and seaside communities. This area provides an exceptional opportunity for investors interested in maximising their capital growth and maintaining strong rental yields.
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