One of the most important aspects of planning your financial life is preparing your long term finances for retirement. There are various vehicles for investing for retirement in New Zealand, but one of the most favoured is property.
There are many reasons for this. The strong capital gains growth of Auckland property investment over the last 20 years has allowed investors to massively grow their portfolios with relatively little risk.
However, even without investing for capital gains, property is attractive for the rental income it can produce over the long run in the form of passive income. Many retired investors also like the physical attribute of property - it feels more stable and reliable than deposits in an account or numbers on a screen.