Property Investment in NZ done the right way!

$32,000 profit on first ever Auckland property trade/flip ($385,000 purchase!)

assetlab auckland property free property seminar new zealand property investment property coach property course property flipping property investment property mentor property trading renovation Oct 10, 2019

Original Blog on the Assetlab site HERE

Disclaimer: Nothing in this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.

$32,000 Gross Profit on a $385,000 purchase (yes, in Auckland, and yes...Three bedrooms in a decent area).

Are you a numbers person or a pictures person?

Well, here's both.

Check out the awesome transformation in the photos for this trade in Manurewa.

First, check out the numbers (all numbers GST exclusive):

Purchase Price: $334,783 ($385,000 incl GST)

Sale Price: $434,783 ($500,000 incl GST)

Renovation Costs: $33,000

Holding Costs: $10,500 Solicitor Costs (x 2 total): $3500 Rates, Insurance,

Other: $1000 Agent Fee: $20,000

Total Costs: $68,000

Profit (after GST is paid but before tax is paid): $32,000