Eyeing your first investment property? Here are 3 tips from an Economist. #propertyinvesting

Tip 1: Focus on what your tenants need because their rent pays your bills. Different areas want different things - like two-bedrooms or three. Check out Stats NZ for the specifics.

Tip 2: Know your budget. Talk to an adviser or use our handy quiz in the bio to get your number dialed in.

Tip 3: Remember, it's the growth in property value that counts, not just the rent income. With current interest rates, rent alone won't cut it. Look to invest in cities that are early in their property cycle. Places like Auckland and Wellington City are prime spots right now.

Have any tips for first time investors? Share them in the comments.

Видео Eyeing your first investment property? Here are 3 tips from an Economist. #propertyinvesting канала Opes Partners