Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's why ignoring commercial property could be a missed opportunity. Hosted by Frances Cook.
Getting a foot on the property ladder is part of the Kiwi dream. Many regular people plan to increase their wealth by first buying their own home, and then maybe a rental or two, to invest in their future.
But the residential rental market is flooded with people with exactly this same idea, and that's pushing prices out of reach for many people.
There's another part of the market that doesn't get anywhere near the same attention, and could work for some situations; commercial property.
As in, shops, offices, maybe even some warehouses.
When you zig while others are zagging, you can find more opportunities. But there are a few things to know first.
For the latest Cooking the Books podcast I talked to Kaison Chang, from Baker Tilly Staples Rodway.
We discussed the pros and cons of commercial property, what you need to consider to invest successfully, and whether an economic downturn could spell trouble for investors.
For the episode watch the video podcast above.