A scheme has been launched to encourage Aucklanders to buy big new planned Christchurch houses for $640,000, as a financial watchdog reminds investors about seeking independent advice.
Tanya Kwasza, a licensed real estate agent of James Law and Newmarket's Domain Consulting, is projecting a 9.7 per cent yield on the scheme for four and six-bedroom houses which would house post-earthquake rebuild workers.
She hopes to get about 100 "foundation investors", leasing the houses to contracting companies. She is planning to hold promotional events in Auckland and advertise here.
The first promotion is scheduled for January 31 at the BNZ business partners' centre in Highbrook, Kwasza said.
The Financial Markets Authority advises people to be objective about all investment offers and take time to consider what type of product is on the table. It says it has noticed a rise in these types of offers, but says independent expert advice from qualified professionals should always be sought before people parted with their money.