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Hi Tony, Yes it is a fantastic deal. First my apology for an error in my original post (Purchase price was $525k not $520k). The property is 3 purpose built flats (on 3 vertical levels) comprising 1 x 2 brm @ $250/wk plus 2 x 3 brm @ $325/wk each. Surplus cashflow before tax rebate is over...

dionysus888, I see you found my property clock at www.hpc.co.nz . This clock specifically indicates the "time" of the Auckland property market in New Zealand (in the typical property cycle) . Whilst the "time" on the property clock in Auckland differs, from say Sydneys "time", the...