house or appartments
#1
Just Joined
Thread Starter
Joined: Jul 2007
Posts: 7
house or appartments
Hi!
Does anybody prefer to live in appartments in New Zealand or a house is the only option? I mean buy, not rent.
Does anybody prefer to live in appartments in New Zealand or a house is the only option? I mean buy, not rent.
#2
Joined: Nov 2006
Posts: 2,813
Re: house or appartments
Here in New Zealand apartments are generally referred to as flats or perhaps units. If you want to buy a flat there are plenty on the market, apparently the Central Business District in Auckland is chockered with flats for sale. You'll also find flats for sale in the other major cities, Wellington and Christchurch. I'm not so sure what the market is like for flats in the other cities/towns across New Zealand. Prices are quite variable like any real estate with many variables affecting the amount you'd pay.
#3
Just Joined
Thread Starter
Joined: Jul 2007
Posts: 7
Re: house or appartments
Thank you, happynz
And who prefer to live in appartments? Only students?
For example what about these appartment:
http://www.allrealestate.co.nz/cgi-b...&tm=1184218364
http://www.allrealestate.co.nz/cgi-b...&tm=1184218364
Are they good enough for a family (two adults, one kid) in accordance with New Zealand standard if living?
And who prefer to live in appartments? Only students?
For example what about these appartment:
http://www.allrealestate.co.nz/cgi-b...&tm=1184218364
http://www.allrealestate.co.nz/cgi-b...&tm=1184218364
Are they good enough for a family (two adults, one kid) in accordance with New Zealand standard if living?
#4
Forum Regular
Joined: May 2007
Location: Wellington
Posts: 122
Re: house or appartments
Apartments are great if you want to rent, houses tend to increase in value more than apartments.
For a single person or a working couple apartments are great, Auckland has lots of vacant apartments but Wellington and Christchurch get good money for nice apartments as rentals.
It is something I have looked into myself, if you can be bothered renting a place out apartments will go well.
For a single person or a working couple apartments are great, Auckland has lots of vacant apartments but Wellington and Christchurch get good money for nice apartments as rentals.
It is something I have looked into myself, if you can be bothered renting a place out apartments will go well.
#5
Just Joined
Thread Starter
Joined: Jul 2007
Posts: 7
Re: house or appartments
Thanks bro69
When you buy a house or appartments in New Zealand what else you have to pay? Taxes, agents fees?
For example, if the price of the appartments is 300K, what will be the total price?
In some ad I saw somthing like this -
OUTGOINGS AROUND $4000 PA
ACC Rates $724pa, ARC $56pa, bodycorp $1742.02
What does it mean?
When you buy a house or appartments in New Zealand what else you have to pay? Taxes, agents fees?
For example, if the price of the appartments is 300K, what will be the total price?
In some ad I saw somthing like this -
OUTGOINGS AROUND $4000 PA
ACC Rates $724pa, ARC $56pa, bodycorp $1742.02
What does it mean?
Last edited by VladimirN; Jul 25th 2007 at 6:20 am.
#6
Just Joined
Joined: Jun 2007
Location: Wellington NZ
Posts: 19
Re: house or appartments
ACC Rates are Auckland City Council Rates (Local Government Tax)
ARC rates are Auckland Regional Council Rates (Regional Government Tax - mainly public transport & environment related)
Bodycorp fees are paid to a committee of apartment/unit owners who each pay their share of expenses. These include Building Insurances, Rubbish Collection, Maintenance & Security.
ARC rates are Auckland Regional Council Rates (Regional Government Tax - mainly public transport & environment related)
Bodycorp fees are paid to a committee of apartment/unit owners who each pay their share of expenses. These include Building Insurances, Rubbish Collection, Maintenance & Security.
#7
Re: house or appartments
You might also want to keep an eye out for adverts for "townhouses"
These are, generally, terraced properties which may have a tiny piece of land (enough for a set of outdoor chairs for example) but are generally bigger than an apartment.
These are, generally, terraced properties which may have a tiny piece of land (enough for a set of outdoor chairs for example) but are generally bigger than an apartment.
#9
Just Joined
Joined: May 2007
Location: CBD, Auckland
Posts: 21
Re: house or appartments
Hi,
Speaking to a woman in an estate agencies that I went to, she said that she would never buy an apartment always a house. A lot of newer blocks suffer from leaks and if you buy one you will have loads of problems. Also the newer blocks are soooooo small, I looked at Hobson street and there was very little space. If you choose an apartment then choose an older block of apartments.
Depends on where you are going to live, your lifestyle, ect if you don't want a garden then choose an apartment and have a life outside of work, but if you want a garden to entertain at home that is the way forward.
Speaking to a woman in an estate agencies that I went to, she said that she would never buy an apartment always a house. A lot of newer blocks suffer from leaks and if you buy one you will have loads of problems. Also the newer blocks are soooooo small, I looked at Hobson street and there was very little space. If you choose an apartment then choose an older block of apartments.
Depends on where you are going to live, your lifestyle, ect if you don't want a garden then choose an apartment and have a life outside of work, but if you want a garden to entertain at home that is the way forward.