I have a 2 bedroom apartment in Auckland which is in prime location over the road from the Auckland Uni. I owe about 55% on it, and it is paying for itself, the value is about 290k.I bought it for 250k 2 years ago.
In the past I have not had a "buy and hold" strategy if I have made a profit and things seem to be entering a flat period (eg, I just sold in Perth).
Does anyway have any idea of the Auckland market, and is it a good time to sell? Or even if it is flat, if it is paying for itself would you just hold it long term?
Robert
PS: I am based in Indonesia and am looking at buying a food franchise here..
In the past I have not had a "buy and hold" strategy if I have made a profit and things seem to be entering a flat period (eg, I just sold in Perth).
Does anyway have any idea of the Auckland market, and is it a good time to sell? Or even if it is flat, if it is paying for itself would you just hold it long term?
Robert
PS: I am based in Indonesia and am looking at buying a food franchise here..