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...
Some Choice News!
DOC is rolling out a new tool to help figure out what to tackle first when it comes to protecting our threatened species and the things putting them at risk.
Why does this matter? As Nikki Macdonald from The Post points out, we’re a country with around 4,400 threatened species. With limited time and funding, conservation has always meant making tough calls about what gets attention first.
For the first time, DOC has put real numbers around what it would take to do everything needed to properly safeguard our unique natural environment. The new BioInvest tool shows the scale of the challenge: 310,177 actions across 28,007 sites.
Now that we can see the full picture, it brings the big question into focus: how much do we, as Kiwis, truly value protecting nature — and what are we prepared to invest to make it happen?
We hope this brings a smile!
Get up to $30,000 back* with your new home
Sign up to an independent apartment or townhouse at a participating Ryman village by 31 March 2026 and receive a $30,000 credit on settlement or sign up to a serviced apartment and receive a $10,000 credit on settlement*.
Imagine a new smart TV, your next getaway or furniture for your new home. With more money staying in your pocket, it’s yours to spend!
Discover the lifestyle that awaits.
*Participating villages only, Terms and conditions apply.
🎉 Riddle me this, legends! 🎉
He/She who makes it, sells it.
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(Shezz from Ngāruawāhia kindly provided this head-scratcher ... thanks, Shezz!)
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