Thinking of buying an Investment property in Invercargill New Zealand.?

Question

We are thinking of buying an Investment Property in Invercargill. With the Real Estate prices that we have seen there and the exchange rates against the N.Z dollar, it seems to us like a good investment. Can any of the locals give us some idea of which areas might be better locations than the others. We have seen several properties online for sale in Appleby, they seem very cheap, is there a reason for this? Any help would be gratefully appreciated.

Answer 1

If it is cheap, there probably is a reason. I would definitely visit the city before buying an investment property, especially in the current market.

Answer 2

invercargill is a good place for investment , it a small city of nz , abit colder than other place , and harder to get work down there,but i do believe the house are cheaper for that reason mainly,many oversea people buy there,,  good luck

Answer 3

I live 100 km from Invercargill.  The only thing you need to check is that there are no gang headquarters nearby.  Apart from that, In'gill is a clean, quiet place with no serious problems and a stable, inexpensive property market.  Appleby is on the south side of town, fairly close to where gangs are located.  I suggest you check with the Invercargill police.