The two words that give comfort and confidence to most investors in the growing Auckland market; brick and tile. The appeal of properties like this, whether for investment or for you to live in, is the low maintenance construction and minimal upkeep over the years.

Whether this is your first, fifth or tenth investment property, it will certainly be a gold standard in your portfolio where you can simply set and forget and let the equity and cash flow build.

With retail interest rates already coming down and the OCR tipped to reduce in the next 12 months, this is the most opportune time to purchase a steady investment in such a desirable location. The long term tenants are eager to stay and treat the home as their own, meaning little to no repairs throughout the tenancy.

The tenants are on a fixed term until February 2025 and would love to stay beyond that. This would be ideal if you are buying it as a rental property and would like an easy transition of ownership without the hassle, cost and time of finding good tenants.

Alternatively, if you are purchasing as an owner occupier, put down your deposit now and settled on what are likely to be better interest rates in 2025 and take over with vacant possession.

Conjunctional agents welcome.