Investment Advice, The Aucklander
Thursday November 5, 2009
by Tanya Kwasza
We are all at different stages in life and have various long term aims and goals. A unifying factor is that most of us desire wealth and financial stability.
For younger investors who are happy to continue to work into their sixties, you do not need to be too aggressive when it comes to building a property portfolio as the sheer course of time of two or three decades of capital growth will see a modest portfolio bear fruit.
For those of you who have only a decade left in the workforce you need to be more aggressive. However there is a dichotomy here because for many of us when we age we tend to become more and more risk averse.
I am able to source property that fulfills most of your requirements. Ideally a property should be as hands off as possible. There is nothing worse than ongoing issues and expenses with repairs and maintenance. There is also the horror of vacant properties.
Hence I have found that brand new brick and tile properties with Housing New Zealand Leases that are purpose built for the elderly work across the board. They suit those who are close to retirement as the yields are reasonable and in the long term with yearly rent reviews in line with market rent, will show better returns than money in the bank. They are also perfect for busy people who don’t have the time or inclination to be a landlord! The greatest attraction about these properties is the certainty. Knowing that your rent will be paid 52 weeks of the year for as long as 20 years gives you that extra comfort. The lease also has legal obligations for HNZC to rectify any tenant damage, again minimizing your risk.
These are extremely hard to come by and at Catalyst2 I am very excited to announce that we are on the verge of releasing brick and tile accommodation for the elderly in a wonderful central Auckland location with lengthy leases.
For further details or a free consultation so that we can help you understand how as little as $50 a week would enable you to access 10 years of hassle free capital growth through property investment contact Tanya Kwasza at 0508 CATALYST 0508 228 259 or visit our website www.catalyst2.co.nz
