Nothing wrong with a regional area as there are many regional areas that will very much outpace sydney in terms of capital growth in the next 5 to 10 years. However, if you are expecting 2% you would really have to question that location.  If your goal is to create sufficient equity to be able to finance a PPOR then trapping your gains inside su…[Read more]

The credit history alone will not exclude you here.  However, don't forget that lenders are going to see how you are using credit now as well. Number of applications etc. Use caution here.

That is a hard one without knowing more information or the DCP LEP for your area. Gut answer looking at the picture is no. Your council will have a formula that amoung other things will set a min width based on the use and density of dwelling you intend to get approved for the site. The good news is just drop in to the council and ask to speak to…[Read more]

Just saw something on my desk today 12% yield.

I have also used EBM. Have made claims and they were okay.There is one thing to note with these policies though. Have a close look at how an "incident" is defined under your policy. If for example your nice tenant decides to trash your house in a huge rage one night and punch holes in all your walls and basically destroy your place then th…[Read more]

Like most things it is best to go to the source and get your kiwi finance in kiwi land from a kiwi bank.  I can send anyone who wants them a few contacts no probs just pm.

Good to see that you were able to help him Richard. He did specifically ask for a mortgage broker on the central coast.

As a mortgage broker on the central coast we can provide a face to face service there if needed or in the NSW Hunter Valley. However, as mentioned we would not be limited to those locations for clients that are happy to work over the phone and net.

Recruit 2, I can see this is an older post now that I have just read the whole thread but I am curious if you were able to find a 220k property in Branxton as that seems low given average price. Would have been good buying – there would be a chunk of equity in the new property if your plan came off.

The investment property I'm looking at buying is in the region of $150 000. Robbie are you looking to purchase in a regional area. At $150,000 I am curious where you are going to invest. From just a due diligence point of view it may be wise to do a bit more digging around into the location of your investment if you have only been here for just…[Read more]

"My 2 cents worth: Aud to hit $1.20 usd in the short term, $1.35+ longer term outlook"A few weeks ago the vibe was it would pull up at 1.05 against the greenback. Maybe you are right!

Gavross – if you are buying from OZ at the moment I am told that you will need to put in a 30% deposit on investment property purchases in NZ.  There were a few NZ brokers on this forum years ago but I don't know if any stop by now. Also, one tip I have found extremely valuable over the years is to compare the rents on offer to market rents. NZ…[Read more]

Fixed rates are down again and finance is available in mid to high 5's at the moment. There has been a lot of discussion about an irregular raising of fixed term rates recently which has prompted a release from the NZ reserve bank questioning the banks motives on raising fixed rate ie they are out of step with the actual cost of funds and the bank…[Read more]

Time does great things, those yields are available in Auckland right now but you need to be particular with your areas when you are looking for positive cashflow property in New Zealand. It is always a good idea to fly over and visit the area that you are investing in so that when an property comes up you are that much further ahead of the crowd.

Mr Shannon said he had more than 100 lower-quality homes listed in the Detroit metro area for sale for just $US1.It is interesting that a journalist with make a comment like that without explaining the complex issues behind these properties. Is it unusual  to place a hyperlink to the businesses site in the articile for online newspapers or is…[Read more]

I have recently changed my opinion on the topic of seminars after meeting people who have been put on the property path after doing some seminars. They never would have found success in property investing so for them it was great.

Family Trust would be okay for basic buy and hold purchases. Steve – if you are buying and selling you would have to be very careful about tainting with a family trust (assuming that everything is done in the same one) . Anthony – if you duck over to the nz forum propertytalk and ask the same question there are a few expert lawyers and a…[Read more]

Most investors would see the benefits of licensing. The legislation needs to have remedies to go along with the regulations for it to be effective.

With these interest rates you will be finding them in almost every property you look at.

Not yet 1% rates but many saying another 1% cut in December.Rates for the home owner starting with a 4 by March?What do you think?