Hi,

We have had quite a bit of experience renovating during the period after exchange. I suppose technically the work we do falls more into the category of make overs to increase yield. Usually the materials cost of these sort of jobs are low and the time/labour cost is the most significant part of the job.

In 2002 we did a job on a house that…[Read more]

Hi all,

Please do not underestimate the importance of management when investing long distance. We had a few problems early in our NZ experience. This was difficult for us because we had experienced excellent management in Oz for years. We now realise how lucky we are with the Oz property managers.

Since that time things have changed for us in…[Read more]

Hi Guys,

Just a few things to add to this. Investors should not worry to much about control of assests while using a NZ based complying trust. The way it works ( in a nutshell) is that you have absolute discretion (hopefully) to appoint or change trustees whether this be a corporate trustee or not. As well the NZ shareholders of the corporate…[Read more]

Good Point. I have never been to a semiar but I heard that most of them outline what is going to happen and then have morning tea. Then all the people who feel they have been scammed can leave and get their money back. Is this the case?

If so why all the song and dance? Just go along and leave if it was not what you thought it would be.…[Read more]

we use twine at my house! I’m still not sure how long it is.

Good old olly. He is good for a laugh and always makes me smile, I read his latest book recently (the one about the bubble) and it is very funny indeed.

Just to update rates info.

The NZ reserve today kept the cash rate on hold and failed to rule out further increases.

At the same time the national bank of NZ reduced fixed rates across the board.

Cheers

tipped to be -6 in southland overnight! The little burner will earn its keep tonight. If we did not have a trip planned it would be good inside weather!

Cheers

we will agree to disagree on that one MA.

Cheers

Have got to agree guys. I watched the prices in Elizabeth bay and the 2011 for 10 years. Studios there went from zeros to heros. Big cap gains were made.

cheers

No worries Leigh. Have a good trip.

Good Luck

good point MA. That if true would have a big impact on the numbers

Hi MA,

They were around but most of the ones in the older buildings were and still are company title. That’s why they were so cheap. There was one a few months ago in Crick Ave under 100k. It was a dog box and technically Crick Ave is in the heart of Kings Cross. However, your mail would still read Potts Point. You would also have junkies…[Read more]

Do Aussie John and crew still have breakfast over there?

we are down in Invercargill(feisty little city) The stags take on the British lions at Rugby Park soon. I don’t think it will be much of a contest (hope noone heard that). We will be “up the naki” or in the Taranaki Region of the north Island next week. Should be up that way for 6 to 8 weeks. If anyone is up there drop us a pm.

Cheers

how long is a piece of string? Sorry I can’t help with that. It really has to do with the fundamentals and not just the cashflow! Hey that’s just me. The cash yield should just be a starting point or use it as a filter to work out what properties you should bother looking at further.

For me it has to fit into my plan (geeze i sound like an audio…[Read more]

I can assure you that there is not much capital growth in studios as I have an office in Darlinghurst and watch these prices all the time. There are some exceptions though

Come of MA. I remember not so long ago you could get studios in Darlo for 60k (Vic street etc) and if you wanted to slum it up the road you could buy for high 40’s. This was…[Read more]

the gross figure is the total before it was ajusted for any expenses. ie all the costs still have to come out.

cheers

purchased my first property in 95 in nsw.. could have brought 2 more a year later…in the same spot for the same price..if only

ahh ! the crystal ball!!!! as i look into through the murky haze I see the Australian Reserve issuing a warning of pending doom and leaving rates on hold!

This should all happen in about 10 minutes time?

Cheers