23rd August '08

Three weeks into the free car promotion and the momentum is really building. The only problem I can see is that I will run out of completed homes! Not a bad thing I suppose? I have to agree with the likes of Bob Jones and Olly Newland who have said in the past, “this is the time to be buying or investing in property” and I have noticed the smart investors are doing this. Of course the best way for anyone to create wealth and income for themselves is to buy residential property; history shows that in the medium to long term property always increases in value, not to mention there can be very major tax benefits. The homes I have with the 10 year government guaranteed rental returns are proving to be very popular, especially when you get a free car tossed in! If you are an investor, the demand for these is explosive and it wouldn’t hurt to look at this form of investment, particularly when other investments are going sour. I have also looked at our other stock and the home that really stands out as a great buy, is the 4 bedroom home at 47 Shortland Street. This home is priced at $359,000, it is the last one we have in this subdivision and with the free car it is a lot of house for the money. Have a great weekend and enjoy the Olympics.