Would you pay $320k for a 42 m2 LEAKY apartment in West Auckland?
The Ray White agent is asking $49k + estimated $270k share of the rebuild. It is just a one-bedroom unit (1C/30 Westward Ho, Glen Eden).
Since it is a leaky building then you'd have to stump up with a lot of cash. Don't people have better investment ideas for that much cash?
The ground-floor apartment is part of a large Glen Eden complex with a gym and has plans for a refurbished swimming pool (another "no-no" for an investor!)
The current build cost estimates were made by a quantity surveyor - a professional, whose job is to figure out construction costs. I hope it is a different QS, not the one that estimated the original costs of the SkyCity Convention Center :)
While the apartments currently have tenants, they may be forced to vacate during the rebuild (very likely!), meaning potential buyers could endure a period without rental income (roughly extra $20k per year of lost rental income).
That unit wasn't the only one for sale in the complex. Barfoot & Thompson were selling apartment 19E for $65,000 and apartment 7D for $81,000. Last November, the agency also sold 5E for $75,000.
Learn more about Auckland property tips here www.maximsherstobitov.nz...
Share your New Zealand music memories...
It's NZ Music Month and New Zealand really has some beautiful songs from artists that we call our own.
Whether it's April Sun in Cuba, Don't Forget your Roots, or How Bizarre or Bic Runga's 'Sway' - songs have a way of unlocking memories and evoking old feelings.
In honour of NZ Music Month, share a New Zealand song or artist that is special to you and explain why.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
The Tova Show
Hello! Are you a …
- A student/young professional renting
- A young family, renting or owning
- An older New Zealander/retiree/pensioner
We’re reaching out from the Tova show, the flagship weekly politics podcast on Stuff, as we prepare for our budget coverage and how it’s affecting Kiwis - we’d love to hear from you.
We need a few people who are available the week before the budget (Wednesday 22nd/Thursday 23rd May) and on the day of the announcement (Thursday 30th May).
Please email tova@stuff.co.nz or comment below if you’d like to share your perspective with us. We give you our commitment to treat your experience with sensitivity and care.
Type NFP if you don't wish your comments to be used.
And the 2024 Prospa Local Business Hero is...
A huge congratulations to mother and son duo, Mary and Sam Danielson from The Puketapu Hotel.
The votes for all finalists have been tallied and they have been chosen by Neighbourly members across the country as the Prospa Local Business Hero of 2024.
The Puketapu Hotel was nominated by a local called Margaret and the nomination reads:
'On Feb 14, 2023, Cyclone Gabrielle flooded many of the rural areas. Puketapu Hotel went under perhaps half a meter of water. However, immediately Mary Danielson and her son, Sam Danielson, along with their loyal staff pulled it together to cook copious amounts of food that without electricity would have been wasted. Throughout the years many of us have been treated with a pub gathering where we can reconnect and a free meal. At Christmas there was Santa, games, gifts for kids, donated patchwork for adults, an ice cream truck and lots of camaraderie.
This February on the cyclone anniversary, they again pulled out the stops to give hundreds of us a special night. We are all tired of the cyclone cleanup and they understood that it was needed.'
Such a deserving business and team, well done Mary and Sam. And thank you to all those who voted!
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