I wouldnt say touching a fleecy jacket in Colorado is the same as touching the bricks and mortar that you can alter through renovation etc to increase value and i certainly wouldnt say property is a dead certainty either.
At the end of the day invest in what makes you feel the most comfortable be it shares , property, collectibles……

Cheers.

“On house prices, the 1.2 per cent fall in the second quarter is a record, but that’s in nominal terms. In real terms, house prices fell much more significantly than this during the early 1990s,” he said

Not something to be too alarmed at i wouldnt think ….1.2%

There was quarterly rises in all all other capital cities, ranging from 1.0 per cent in Melbourne to 4.2 per cent in Hobart.

Cheers

I just like the idea that if you hold property you can actually do something to enhance the returns on your investment. With share etc you buy and hope. Its out of your control and there is nothing you can do to influence the returns…

How did you go about it for your portfolio Westan may i ask ? and can you recommend a good accountant in NZ?
Blitzem does that mean you pay tax twice on any surplus income earnt from your property’s,once in NZ and then again in OZ ?
Cheers

I used a Bank in NZ and cash deposit , to keep the funds and debt offshore and not have the risk of adverse FX moves that could easily wipe out the near 1% interest rate diferential between and OZ mortgage and an NZ one. You can get an 18m fixed rate of 7.35% last i checked.
Cheers

I think it looks good now 1 kiwi = .93 odd aussie, but i noticed it had been down at .74 in 2000. I think comfortable band looks like .80-.90 range.Outside of that the downside looks a bit scary.