WATERFRONT MASTER
It’s a well-worn route for property investors – buy a regional property at a low cost with a good yield, then sit back and wait on the capital gains... In popular opinion, it’s a straight-forward road to property success. Except when it doesn’t work out. And then the goldmine becomes a liability.
That situation is one Auckland investor Hamish Duke is all too familiar with. He went down that path with his first foray into investment in Southland. It didn’t go well for him, almost derailing his investment journey. But it was not the end of his story.
Fast forward eight years and the 39-year-old is a successful investor with a 26-property portfolio. There’s no regional properties in there though. Rather, that portfolio is comprised of apartments, all situated in the Auckland CBD. And he built it up by utilising a couple of strategies often perceived of as risky.
A real estate agent by trade, these days his business also revolves around the Auckland CBD, with a particular focus on the Viaduct. Duke has long sold in the area through his
