Why re-invent the Property Wheel?
28 May 2014
Melbourne style row houses of three levels have been the standard for over a century in many cities.
This configuration is supported under the Unitary Plan as it achieves a similar high density as
apartments but offers a freehold title and your own courtyard. These smaller homes are a stepping
stone either up or down the property ladder.
First home buyers and small families wanting security of tenure or access to capital gains can get a
foothold in the Auckland property market.
Empty nesters and retirees who no longer need or want to maintain a large section and home can
relocate next to shops and services where they feel part of the community.
Investors will find these terraces hard to beat with new construction and low maintenance design
and materials. Located where people want to live and with no body corporate costs. If this is your first property purchase you may consider renting it out and rent a property for your use
where you want to live. This way you retain a foot in the Auckland property ladder but get to choose
where you live and receive a tax deduction on rates insurance and maintenance.



