Suburbs 'best buy' this year for investors

The experts' consensus is to buy in main city suburbs with strong communities, preferably within 3km of a city centre, close to reliable public transport, and areas with population growth, water views and diversified employment.

Auckland central city apartments have a low vacancy rate and are a good investment for reliable cash flow, but don't expect much capital gain, says Ray White chief executive Carey Smith.

"The apartment sector is holding up better than any other.

"Prices have come down but sales are good. You can get good cash flow. But you can't do both - get capital gain and cash flow."

To read the full NZ Herald story click here

Posted: 8 Jan 2009

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