Interesting article Ozi.

On a seperate issue I have often wondered about those saying that the Kiwi market is 18 months behind Australia. Seeing as the last 12 months have seen negative growth in many parts of Australia does that mean that the Kiwi market as a whole has only 6 months of growth left?

I realise that you cannot generalise the…[Read more]

I know it’s an old one but I HATE the use of the word XMAS. I know it is my Christian background but still….it irritates me.

Let Christmas be Christmas.

No matter what I say, what I believe, and what I do, I’m bankrupt without love. (1 Corinthians 13:3b – The Message)

I too brake for tailgaters. They are a menace.

No matter what I say, what I believe, and what I do, I’m bankrupt without love. (1 Corinthians 13:3b – The Message)

Michael:

Point taken about life cycles etc. The way I read it did not fit in with the rest of your post.

I too agree that Yack is largely helpful and that his first post was deliberately provactive to stir up the pot.

Unfortunately it was some of the latter replies that were not so helpful.

Kind Regards,
Tim

No matter what I say, what I…[Read more]

Michael:

I think you are a well informed investor who is living proof against the stereotype of the ill-informed, do-it-on-a-whim, follow-the-crowd, sheep-to-the-wolves new investor.

I too am a fairly new investor and have found some of the posts in this thread condescending and patronising. It is almost as though some people feel threatened by…[Read more]

I think the point has been basicly made already however here is my 2c worth:

If a tenant has a formal lease and is abiding by its conditions then they have the legal rights to occupy the residence.

My understanding is to all intents and purposes it is theirs for the duration of the lease. I do not mean that they can modify the land or…[Read more]

Russ,

Congratulations. Sounds like you have a couple of good deals there.

The way I look at investments is that if a deal is making money for you at a reasonable risk level then you are on a winner.

Sure there may be better deals but sometimes (ie. the current market which is stagnating) you are better off with something you KNOW is good than…[Read more]

Thanks Robert. Will do.

No matter what I say, what I believe, and what I do, I’m bankrupt without love. (1 Corinthians 13:3b – The Message)

Thanks Ozzi:

Will do.

Kind Regards,
Tim

No matter what I say, what I believe, and what I do, I’m bankrupt without love. (1 Corinthians 13:3b – The Message)

Depreciater you said:

Not sure about Agile’s comment regarding depreciation not being claimable on positively gearded properties. That sounds odd.

I need to clarify that I am not certain about the depreciation with + geared properties in NZ. This was an informal comment I heard and I need to research it further when I find a good…[Read more]

A quantity surveyor can do depreciation schedules.

Good point GreatPig. You are 100% correct.

Is is my understanding that depreciation may not be able to be used as a write off for NZ property if the property is positively geared. Also as the properties are old there may not be much of a benefit to paying the quantity surveyer once his/her…[Read more]

Dangermouse:

Would you be able to supply more info on the properties in NZ?

1. Did you buy sight unseen?
2. Is your gross return worked out: (52*rent per week) / Purchase price or are you calculating your yeild some other way?
3. What areas in NZ did you buy in (if you feel comfortable sharing)?
4. Not sure why you would need a surveyer at this…[Read more]

I agree with Superted. (I know Superted….I could probably know you over with a feather right now[biggrin]) I have never bought sight unseen either although I have had conditional offers on property w/o having seen them. In NZ though you make a conditional offer and sign a contract with conditions eg. building inspection, finance, due…[Read more]

Superted:

I think I will take your advice:

“Never argue with an idiot, as they will bring you down to their level and beat you with experience”

Regards,
Tim

No matter what I say, what I believe, and what I do, I’m bankrupt without love. (1 Corinthians 13:3b – The Message)

To Superted:

You said:

Sounds like you know all about NZ Tim and they way they think.

I did say I am not well travelled. But I have been to NZ. I do invest in NZ. I do have Kiwi mates. My best man at my wedding two years ago was a Kiwi. From my time in that country (and no I am not a resident, just a visitor, so my insights are not…[Read more]

Originally posted by SuperTed:

Tim the fluffy post master.

The rivalary between Aus/ NZ has nothing to do with an Australian percieved arrogance, and if you knew any Kiwis then you would know that!!
Did you read

Fluffy….lol…I have been called worse.

Do I know Kiwis? Err well let’s see. I invest my money over there. Go there on…[Read more]

Recognition is irrelevant to an investor except where it increases property values and/or rents. To even hint that the reason that the NZ property market has taken off is because of recognion from Hollywood movies is absurd.

This to me is arrogant. I have read in other topics in this forum that many people consider American’s arrogant because…[Read more]

Monopoly:

maybe you should be called ‘agile’ instead of me. You are certainly great at the backflip.

Regards,
Tim

No matter what I say, what I believe, and what I do, I’m bankrupt without love. (1 Corinthians 13:3b – The Message)

an overseas market which has largely achieved huge recognition as the direct result of media popularity thanks to the LOTR phenomena.

Are you kidding Monopoly? You are seriously putting the growth of NZ property values down to a movie that was made in the country.

If I was a Kiwi (I’m not but I invest there) I would find this remark extremely…[Read more]

Superted:

This will be my last response to you on this particular topic.

I find it sad that you cannot accept (note i did not say agree) with differing arguments from your own.

Another reason I do not wish to discuss this further with you is that I find that you continually make this into a personal attack. For example when have I ever trash…[Read more]