Buying guide

Why real estate is a good investment

Planning for investment success

Josh Phegan
Last updated: 9 July 2024 | 5 min read
AI

AI summary

Real estate investment can build wealth through rental income and capital growth. Expert Josh Phegan recommends a long-term 'buy and hold' strategy to ride out market cycles, noting houses often gain more value than units.

Current conditions are favourable for buyers, with peaked interest rates, easing LVR restrictions, and high property supply. When choosing an investment, look for:

- Proximity to transport and population growth

- Potential to add value through renovations

- Future redevelopment potential

Always budget for ongoing expenses like maintenance and management fees.

Is real estate investment still a worthwhile part of your investment strategy?

What are the market conditions like at the moment for investing in real estate in Aotearoa?

Why invest in real estate vs another asset class?

What expenses are involved in a real estate investment?

When it comes to location and type of property, what would you recommend in a real estate investment?

Should you get help from an agent who specialises in investment property to buy your first real estate investment?

Is investing in a property fund another way to invest in real estate?

Financial Disclaimer

Authors

Josh Phegan Josh Phegan
Real Estate Speaker, Trainer & Coach

Gill South Gill South
Business and property journalist