What To Do With $40,000,000?
So you’re thinking of buying a new home for yourself in Coatesville Auckland. Are you after a home with room enough to stretch your legs; in your private maze? Or perhaps an ability to swim in the lap pool, or outdoor pool?
You Could Buy Kim Dotcom’s Old Place
It certainly ticks all the boxes. But before clicking Buy Now, it’s worth exploring a few alternative options. Let’s assume you’re looking in the realm of $40m shall we?
2 Homes In Herne Bay?
With an average HomesEstimate of $3.2m, you could grab yourself 12 homes in Herne Bay if you weren’t fussy. But you’d have all that added maintenance that comes with 12 homes, so we found you the two above. At $20m a piece and more floor area than your average section, you’ll have room to spread out.
Or 70 Homes In Otara?
If house maintenance doesn’t bother you and you’re going biggest bang for buck, we could suggest Otara. With a HomesEstimate averaging $570,000 you could buy a whole block like the one above. Imagine the street parties if you gave all these families free rent.
Might You Appreciate 40 Homes In West Harbour?
This area is getting some serious attention with new schools, motorways and housing on its doorstep. With easy ferry access, and Pak ‘n Save turning up, it’d be a good place to spread out. 40 modest homes would give you just enough exercise as you cleared the mail daily.
But Then Grandma Always Said…
Grandma did have good advice. Save some and spend some. Perhaps the prudent option here is to put that spare cash in the bank. With current interest rates from Westpac sitting at 3.4%, you’ll only be able to buy a home of around $1,360,000 every year with the proceeds. Here are a few you’d be able to grab, ignoring tax implications. Not a bad option.
Time To Do Your Homework
It’s a tough decision, but worth doing your research to see what’s available. Lucky Homes.co.nz has a bunch of free data to explore decisions like this.Follow us on social media