All Topics / Help Needed! / Finance in NZ

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  • Profile photo of RobertRajahRobertRajah
    Join Date: 2005
    Post Count: 9

    I have a two bed room apartment on the 12th level of Zest Apartments in Nelson St, Auckland. I need to raise $115K at the lowest possible rate on this property. Can anyone please help?

    Any idea how much this apartment is worth in today's market.



    Profile photo of Kiwi-FullaKiwi-Fulla
    Join Date: 2002
    Post Count: 371

    Hi Robert,

    Here are my suggestions.

    Go to a broker … or I hear Kiwibank is offering 8.6% 3 years fixed.

    Get an e – valuation from QV to give you an idea on the value.

    Do some comps on what is selling in the apartment block in the last 6 -9 weeks.

    Get 3 RE agents in to evaluate the property ( tell em you may be thinking of selling) – Get Comps off them to support thier claims to the sale … make sure they are within your complex that you are selling.

    Put in an application and see if the lender requests a valuation.

    Good luck.

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