Looking for a secure and affordable location to invest? Look no further. Cambridge has consistent high demand from professional tenants moving to this thriving community.
We at Diamond Property Group pride ourselves on only recommending high quality investments in dynamic growth locations such as Auckland and Hamilton. After carrying out comprehensive due diligence on Cambridge last year we became strongly convinced that this location would match our clients’ profile and also Diamond selection criteria. Since then we successfully recommended several property investments to our clients. Diamond clients reported very healthy capital gains and a strong rental demand. If you want to create your own success story then read on as to what long-term prospects Cambridge offers to sophisticated investors.
Cambridge is spoilt for choice regarding great schools, with 14 schools to choose from, ranging from small rural schools right through to Cambridge High School and St Peters School with more than 1,000 students on their roll. Pre-school youngsters are also well catered for with more than 20 early learning facilities available.
High performance sport
Known as a “town of champions” it is no wonder that Cambridge has a world-class presence as a centre for equine, BMX and rowing (Lake Karapiro), with the recent addition of the Avantidrome track cycling facility. Elite sport is adding to the demand for rental accommodation for the athletes, coaches and support people.
Cambridge has more than 19,600 residents and is at the heart of the Waikato, the country’s fifth fastest growing province. The town is part of Waipa District which has about 46,600 residents. The Waipa District Council forecasts the district’s population will grow by 12% in the decade to 2022, and to 70,000 by the year 2050. Cambridge’s population has increased significantly as its role as a rural services town has developed, and as improved roads have enabled people to live here and commute to jobs in nearby Hamilton and Tauranga. An estimated 20% of Cambridge residents work in Hamilton.
Proximity to Hamilton
Cambridge and surrounding areas are quickly becoming the desirable suburb of Hamilton. With a new Waikato Expressway opened, Cambridge is only 10 minute away from the city’s edge. Being close to Hamilton major employers such as Waikato Hospital, Gallagher Group, Waikato University and Hamilton City Council ensures good long term tenant demand.
Thriving local economy
While many regional towns are struggling, Cambridge is enjoying a small business boom, with a bustling main street, wide range of shopping options including boutique clothing and homewares, weekly farmer’s market, “Alfresco Bites” event and more than 20 cafes. A thriving local economy gives people options to live and work in Cambridge, further increasing housing demand.
Feature Property: 19 Goldsmith Street, Cambridge
A boutique development of just 5 brand new, freehold homes on a quiet established street in Cambridge
Located on a quiet tree-lined street and just a stroll away from the Leamington Town Centre with its supermarket, medical centre, café’s restaurants and gastro pub.
From just $639,000, with a 10 Year Master Build Guarantee and a bonus 12 months maintenance period, you’ll be worry free.
The property features:
- 3 bedrooms, the master with ensuite and walk-in wardrobe
- Modern kitchen with stainless steel quality Bosch appliances
- Spacious open plan living/dining/kitchen room
- Good quality heatpump in the living area
- Double glazing, lots of insulation, double garage and much more!
Let’s look at the numbers:
Median E-value: $647,300 (as of Sep 2017)
Annual E-value change: +12%
Property Market Value in 10 years: $1,144,352 ( assume a conservative rate of growth 6.5% PA)
After tax cash-flow p/w in the first year: ($41)
Income tax you will save over 10 years: $36,166
BONUS: Diamond Property Group will pay a rental top-up for you for the first 2 years by giving you a cashback on $5,000 on settlement. You just have to get a mortgage ????