新西兰ZT: Best buys in Auckland's 'hidden-gem' suburbs
People wanting to pay less interest and shave years off their mortgages are being advised to buy homes in "hidden-gem" suburbs.
By looking at the neighbours of Kingsland, Ponsonby and Point Chevalier, buyers can save themselves six to eight years on a standard mortgage, the research showed. Buying in these hidden-gem suburbs could mean buyers pay less interest and become mortgage free earlier, he said.
"For example, Ponsonby is one of the fastest-selling suburbs in Auckland but by buying in nearby Grey Lynn the median price is 22 per cent cheaper and you could be freehold eight years sooner," Mr Blair said.
"Kingsland is becoming a popular suburb but if it's a stretch, buying in nearby Mt Albert where the median price is $122,500 less, there's the chance of owning your home mortgage free nearly seven years earlier," he said.
Peter Thompson, Barfoot & Thompson managing director, has encouraged first-home buyers to scale back expectations. "Westmere not Ponsonby, Meadowbank not Remuera, Glenfield not Takapuna, Goodwood Heights not Hill Park, Glen Eden not Titirangi," are areas he recommends they consider.
Haha~~ So Hidden Gem for New Lynn should be Kelston??
Hidden Gem for Otahuhu is Otara
Hidden Gem City - Hamilton, save you 20 year to mortgage free, go go go