Regardless of market conditions, property is a popular investment option for Kiwis. And there are several great reasons why people choose to invest in property, such as having a passive income stream to boost their pay, to fund their retirement, or to have something to leave for their kids.
At Momentum Realty, we want to ensure that the process of investing in property is as easy as possible, no matter why you’re doing it.
Here are six ways we’re making it easy to invest in property in New Zealand:
1 – WE ONLY SELL NEW & RENT READY
Buying new comes with a bevy of benefits for a property investor. Things like a lower deposit requirement, interest deductibility, healthy home compliance, low to no repairs or maintenance, and a shorter bright-line test period of five years.
Additionally, buying new often means that you have a delayed settlement, which can give you more time to save for the deposit and build up your financial position to hold the investment for the long term.
On top of this, every new build home we list on our site is rent-ready upon completion. This means the grounds are landscaped, the windows have curtains or blinds, and the necessary appliances are installed so that your tenants can move in and enjoy a brand-new home straight away.
2 – EASY TO FIND PROPERTIES YOU CAN AFFORD.
When buying an investment property, you want to make sure that you find one that sits in the ‘goldilocks’ zone of affordability – one that’s not too expensive, nor too cheap, but just right.
Because if you buy a property that’s too expensive, you may find the property hard to hold when interest rates are high, but you can’t bump up the rent. If you buy a property that’s too cheap, the returns may not be at the level required for you to meet your financial goals.
No matter what you’re able to afford, Momentum Realty lists properties across a wide range of prices (from $490,000 to $1,600,000), in a variety of locations across New Zealand, making it easy to find a suitable property that fits your financial requirements.
Learn more about the role location plays in a property investment success in this article.
3 – TRANSPARENCY AROUND THE PROPERTY’S NUMBERS
When investing, you want to make sure the property you’re considering fits in with your financial criteria.
Each property listed on the Momentum Realty site also comes with a property investment analysis (supplied by enable.me financial strategy & coaching) which provides a projection of how the property is forecast to perform over the next 10 years.
Based on current figures, this analysis gives an indication of:
- Property value & equity
- Gross rent/week
- Yield
- Interest costs
- Other rental expenses and
- Potential income/top-ups over the next 10 years.
This information can help you understand how the property meets your affordability criteria and whether it’s likely to meet your capital growth requirements. If you see a property you like, your enable.me coach can run the numbers specific to your financial position.
4 – WE WORK WITH TRUSTED VENDORS
When buying an investment property, it’s crucial to buy from trusted vendors who are reputable, use high-quality materials and fittings, and have a track record for building high-quality homes that people love living in.
Momentum Realty has closely vetted the vendors and builders whose homes we list on our site. Each comes with a track record of building high-quality homes and taking their projects through to completion, offering properties that meet an investor’s needs (see the next section).
You can find more information about the companies we’ve partnered with here.
5 – GUARANTEES
We recognise that with any investment, there’s a risk, and so we aim to secure properties that help minimise some of that risk wherever possible. Each home we list on the Momentum Realty site comes with a 10-year builder’s guarantee to give you peace of mind that the house is designed to last. Many also come with a rental guarantee which means you’re guaranteed to earn a minimum amount in rent for the duration of the guaranteed period.
Details of guarantees on build, chattels and rental, will be detailed in the property information pack that’s included with every listing.
6 – WE’RE JUST A PHONE CALL AWAY
If you have any questions about any of the houses listed on the Momentum Realty website or the service we provide, you can call us on 0800 115 984 or fill out the contact form on the website and one of the team will do what they can to help.
To start the process of securing your investment property, explore the properties currently listed on the website. You can filter by location and price, as well as various other criteria to find the property that best fits your needs.
And, once you’ve found that perfect property, don’t hesitate to get in touch.