Nikki Connors, often billed as the "queen of property investment" says her latest comments on the New Zealand property market were met with a lot of scepticism – but she was right.
Right about interest rates softening, correct about the government falling further behind in their building of affordable housing and that many large property developments are being cancelled due to lack of funding.
"Despite all the flak I received over the last few months with my predictions – I was right," says Connors, the Senior Property Strategist and Principal of Propellor Property Investments. "Interest rates have gone down - Kiwi Bank has announced a one year fixed rate of 3.99 per cent and ASB are now offering a 3 year fixed rate of 4.39 per cent.
"The newspapers have been full of the news that a lack of building by developers (due to banks tightening their lending criteria) is already having a devastating impact for renters …which will only get worse."
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So what does this mean for property investors? Greater returns and an easier solution to paying off the family home – and that's the subject which will be expanded upon in three intimate, 40-person, property seminars in Wellington, Auckland and Hamilton this month.
Connors says: "The demand for rentals will only increase as the shortage becomes more chronic. So I see the values of investment properties continuing to increase in value for very, very attractive capital gain.
"Rentals will also go up as the demand increases from the decreasing available rental pool; so rental income will become greater."
Connors also says one of the fundamental laws of investment property could change if investors choose the right investment properties now and take advantage of today's interest rates which could give investors property that is cash flow positive.
"That means that you may not have to top up the investment property throughout its life," she says. "And what does that ultimately mean? You can now invest in a strategy for paying off your home mortgage faster – through an investment option that has become more affordable for the average New Zealander."
For those over 50 who still have a mortgage on their own homes and who have no plans for a better retirement income other than the state pension - her seminars should be compulsory. She says she can show investors how to get started and set up a portfolio to help mitigate the risk of this investment option; how they can pay off their own mortgage – sometimes in half the usual time –and enjoy an extra income in the future.
Knowledge is power but only when that knowledge is sourced from the right people.
"Since the publication of my book, A Fabulous Failure, I have received so many wonderful letters and emails of support and people at my seminars tell me how much they enjoyed reading about my journey from failure to success; and how property investment helped me achieve financial security.
"I didn't realise that my story would inspire so many. I am so privileged to be able to share it through my speaking engagements around the country.
Connors says Propellor also has attractive boutique developments from respected building companies ready for investment – that are also cash flow positive. More can be found out on the night.
Book now for an intimate evening with Nikki Connors. Seats strictly limited to 30 people per seminar; $25 per person, $40 per couple):
Auckland
Monday, September 17, Waipuna Lodge, 58 Waipuna Road Mt Wellington, 6.30pm – 8.30pm
Hamilton
Thursday, September 20, Novotel Tainui, 7 Alma Street, 6.30pm – 8.30pm
To book, call 0800 81 81 91.
Other seminars/conferences Connors will be attending:
• September 19, Christchurch – anniversary of Women’s Suffrage in NZ
• October 2, Auckland – D&D Financial Consultants Client Seminar
• October 14, Dunedin – NZ Property Investors Federation Conference
• October 29 & 30, Auckland – Women in Leadership NZ 2018
For more information click here
