Should I buy an investment property from Du Val?
If you are an investor looking to break into the Auckland market, Du Val is building in the right locations.
Both South and West Auckland have a lot of potential.
However, here at Opes Partners, Du Val is not one of the developers we recommend to investors.
Opes Partners Managing Director Andrew Nicol says: “For me, there are too many question marks around Du Val. The properties are more expensive, the director has a history of business failure, some of the layouts are a bit pokey. There’s the burst water mains, and I think the body corporate fees are far too high. Du Val would benefit from focusing on what is important to an investor (cashflow) rather than making gym fees compulsory.
“Investors often ask what I think of Du Val, so there it is, that’s what I think.”
To be clear, we’re not suggesting you shouldn’t buy a property from Du Val. Some people will and if held for the long term some investors may do well out of it.
But, our advice, if you are looking into a Du Val property, is to keep your eyes open, do your due diligence carefully, and fact check.