Kiwi bank is doing 7.7 for 3 years. Best to source the funds in nz imo.

Hi tracy D,

Tempting isn’t it!

* Never self manage. Just don’t do it!

Regards,

Don.

I wish I knew about that auction. Seriously!!

Yes! That little book was a good read. Maybe it is the aussie rich dad? Peter Spann seems to advocate a balanced common sense approach to investing.

This bit was my favourite,

Regards,

Don

Hi,

Not alot of freehold land available in these areas. I’m pretty sure tonga and a few of the others you must have a family connection to the island.

Every few months it seems that someone in the media makes comment about plans for a pacific passport . Possible impact would be population drain from rural areas on some of the islands.

Would love to here from someone who is doing it.

cheers

interesting question – hopefully one of the accountants on this forum will have a go at it.

This is one for investors to be wary of in markets where the listed sale price is strongly (but wrongly) linked to the rental yield. Or free weeks rent etc etc.

We have just been asked by one of the major real estate agencies in town to do some independant rental assesments for them.

There is a demand by european buyers for truely “independant” assesments.

Alot of these back door incentives are not formal and can not be found in the course of normal DD.

Cheers

Great thread.

Thanks for the imput into this thread michael. I enjoyed reading everyones questions and comments.

cheers

Hi Brc,

Yes but it is expensive. In nz it starts at $380 per square meter supply only. The lighter the colour of the paint the more expensive at the lower quality glasses will cover with the darker paints. Light paints on the cheapest glass will give a green tinge.

Looks very swish though and would make a kitchen in the right house/project. Not for a lower in rental but for a resale would be good.

We are currently doing a bathroom with some built in storage/design cavities. Two boxes 350 X 350 tiled in white with stone insets. Very nice. Dark floor tile . I like it hopefully the buyers will. It is a neutral but modern.

cheers

Hi Steve,

Thanks for posting. I agree and believe your comments are still valid a year on.

In my adopted home town of Invercargill property is still “ticking away” and there are still 10% gross yield opportunities. In Fact we have been finding yields 12 to 14%.

Employment is increasing at many times the national average and rental demand for “good properties” is very strong. In meetings over the past few days two rental managers report multiple applicants for “good properties”

The SIT has announced the continuation of the fee free education scheme for another three years and three new bachelor degree courses have commenced.

However, aussies continue to buy property in well known no go zones and continue to be the very worst of offenders for deferred maintenance. At a meeting of the southland property investors association a guest speaker commented that in the 04/05 year 80% of official complaints were about properties owned by Australians. We perhaps underestimate the challenges of remote property management.

Regards,

Don