On the money

How to make the most of the current investment climate.

By Karyn Scherer In Current Affairs, Economy

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26th May, 2012

If you’ve attended a house auction in one of Auckland’s outer suburbs in the past few weeks, you could be forgiven for thinking the global financial crisis is ancient history. Thanks to a potent mix of circumstances – including the lowest mortgage rates in half a century, a shortage of properties for sale and Auckland’s popularity as a place to live – many ordinary properties in ordinary suburbs have fallen under the hammer for extraordinary prices. Veteran property investor Olly Newland is relishing this sudden burst of exuberance. “In Auckland, if it’s $500,000 to $600,000 or ...

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