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 offers both rental income and capital growth, making it a strong long-term wealth strategy. Expert Josh Phegan notes that with peaked interest rates and easing LVR restrictions, now is a good time to buy in New Zealand.

A "buy and hold" approach through market cycles is key. When purchasing, focus on:

- Locations with good transport and population growth

- Properties where you can add value

- Future redevelopment potential

This strategy helps maximize your returns over time.

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

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Financial Disclaimer

Authors

Josh Phegan Josh Phegan
Real Estate Speaker, Trainer & Coach

Gill South Gill South
Business and property journalist