Hey Guys,

I have just bought my first IP and feel like I am in my first year at school with heaps to learn.

I am also new to NZ, so my choice of location was based on impulse and the area was cheaper.

I just bought an IP for 200K with a rental appraisal done at 300 PW. Area is Manger East. It seems as thought the market is slowing down so I thought I would go for the rental return as apposed to the Capital Gain.

Have I made the right decision??