Opes
How does Opes price its properties?
The Opes Best Price Policy proves a property is well priced.
Property Investment
1 min read
Author: Andrew Nicol
Managing Director, 20+ Years' Experience Investing In Property, Author & Host
Reviewed by: Ed McKnight
Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.
A lot of investors ask us: “What kind of properties do you at Opes Partners actually recommend?”
And we get it. When you're thinking about investing in property, you want to know what you’re actually buying.
Not just in theory, but in real life. What do they look like? How much do they cost? Where are they?
Now, one of the things we don’t do is list specific properties live on our website.
That’s because by the time you get in touch and say, “I want that one,” it’s likely already gone. (Good properties move fast. Often within a few hours or days).
But that doesn’t mean we can’t show you the types of properties we’re recommending right now.
In this article, you'll learn what we're recommending right now. And we've set this page up so that it automatically updated with the latest data each week. That way you really will know what we're recommending. Right now.
As of today, we’ve got 148 properties available on our stocklist.
These are handpicked from developers we trust, and pass our due diligence process. We’re constantly reviewing new stock, so the numbers changes regularly.
Right now, we’re recommending properties in 5 key cities:
These aren’t random choices. These are markets we've chosen for investors, where we see potential good capital growth.
Each city serves a different kind of investor.
For example, Auckland offers strong long-term growth. While Christchurch is still relatively affordable and delivers solid rental returns.
Property prices vary by the location you invest in. But here’s a rough idea of what our investors are typically paying:
These are the median prices of properties we're recommending right now in each city.
So if you’re trying to get a feel for what you’d need as a deposit (or how much lending you’d need), these are good ballpark figures.
Of course, there are cheaper and more expensive options in each region.
But this gives you a sense of the middle ground.
We typically recommend two main types of property: townhouses and standalone houses.
Townhouses are better for investors who want lower maintenance and higher rental yields.
These are often in higher-density areas, close to shops and bus stops. They’re usually more affordable too, which means a lower deposit and (often) higher cashflow.
Standalone houses, on the other hand, are often on their own section with a bit of land. This is great if you’re focused on long-term capital growth or want something with more potential for future value-add.
Here’s the current breakdown of what we’re recommending:
So whether you’re yield-hunting or equity-building, there’s usually something to match your strategy.
At the moment, one of the most affordable properties on our list is priced at $519,000. It's located in Christchurch.
Usually, these entry-level properties are townhouses in up-and-coming suburbs. They often suit first-time investors.
On the flip side, one of the highest-priced properties we’re currently recommending is available for $899,000. That's based in Auckland.
We keep a close eye on how the prices of the properties we recommend change over time.
Here's how the prices of properties we recommend in Auckland have changed (since we started tracking it)
And the same data in Christchurch:
The prices naturally shift as we look for investments that fit with what investors want.
So if you’ve worked with us in the past and see that the numbers have changed since you bought ... that's just a natural change in the market.
Managing Director, 20+ Years' Experience Investing In Property, Author & Host
Andrew Nicol, Managing Director at Opes Partners, is a seasoned financial adviser and property investment expert with 20+ years of experience. With 40 investment properties, he hosts the Property Academy Podcast, co-authored 'Wealth Plan' with Ed Mcknight, and has helped 1,894 Kiwis achieve financial security through property investment.
This article is for your general information. It’s not financial advice. See here for details about our Financial Advice Provider Disclosure. So Opes isn’t telling you what to do with your own money.
We’ve made every effort to make sure the information is accurate. But we occasionally get the odd fact wrong. Make sure you do your own research or talk to a financial adviser before making any investment decisions.
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