In this episode, we discuss a question sent in my another listener, which says: "I already have an investment property in Whangarei, should I buy another one there, or sell my existing investment property and buy in the main centre?"
Often the main centres aren't as expensive as one might think. Median sale prices can be misleading as your investment property doesn't have to be the median property. Similarly, small towns like Whangarei are actually more expensive than properties in cities like Christchurch at the moment.
We also run through an example comparing 2 properties worth $800,000 appreciating at a lower rate, v.s. a less expensive $700,000 property increasing in value at a faster rate.
Finally, we mentioned our Epic Guide to Property Investment, this is a 9,500 word guide that teaches you how to get s mortgage and then pay off that mortgage.
The Property Academy Podcast