Christchurch Property Investment Co Bucks Downward Trend

Friday 8 July 2011, 12:15PM
By Propellor Property Investments

Christchurch, New Zealand, July 8, 2011: Christchurch based property investment company Propellor Property Investments are going from strength to strength, despite the demise of many finance companies and a very deflated property market.

According to principal, Nikki Connors, Propellor has developed a formula that works for its client base, who continue to come back for more.

“We have a significant base now of clients who are building investment portfolios through us and are extremely happy with the results they are getting,” Connors says.

The company launched in 2009, with a model that sees clients paying nothing to Propellor itself, but paying as usual for the services of their chosen lawyers and other professionals who may be involved in the course of a sale.

Propellor derives its income in the form of a marketing fee from the property developers it works with, but says their clients benefit from a very competitive price for each property, that is always backed up with an independent registered valuation.

“We provide a service that includes doing comprehensive due diligence on every property we recommend, as well as choosing to work with professionals and developers who provide a quality service and finished product.”

Marketing their services through radio, advertorials and on-line, Propellor Property Investments has built a client base that has continued to expand in the face of recession, three major Christchurch earthquakes and the National government’s decision to remove tax breaks for property depreciation on buildings (depreciation on chattels remains however).

The company has recently opened a second office in Auckland and just launched a new version of their website which includes an impressive number of testimonials from happy investors.

Connors says she is proud that the service developed with business partner and director, John Lodge, has met a need in the market for an independent property investment company that new investors can trust.

“Too many people have been burned by investing in finance companies, or putting their faith in so called property investment companies that were little more than marketing arms for a single building company.

“We have made a point of selecting a range of the best residential investment properties from a wide variety of developers in locations throughout New Zealand, based on the best long-term returns and choosing quality mid to high end homes that will stand the test of time.

“We also provide our clients with detailed projections and cash flows so they have tailored investment strategies that fit their budget, lifestyle and investment goals.”

Connors says Propellor’s clients are located all around New Zealand and also overseas, with some Canterbury investors moving offshore following the earthquakes in September 2010 and February this year.

On average the company receives 15 – 20 enquiries from potential investors per day, although this number is higher when they have an advertising campaign running. As a matter of principle, Propellor does not do outbound telemarketing, preferring to work with clients who are pro-actively looking to get into the property investment market.