Kieran Trass has a site called subrubwatch.co.nz . There is a link to it on my site purely because it is a great resource. He was very recently quoted in the New Zealand herald sighting invercargill as a 2008 hotspot – there is a free list of some other areas that are areas to watch for this year as well.  Basically anywhere with serious economic ties with dairy farming is worth researching – the applby area is one that i personally did not invest in (which goes to show how your own predjudices can work against you) but it is going through a second boom right now.

One if the larger developers has a resource consent in for 600 house lots further over in the tramway rd area. There are some details at icc.govt.co.nz  – we tried to get some land near there but just missed out.

shane that sounds like nice cash. I can see a bigger demand for your LO's and slo's with the market averages moving as fast as they have in the last quarter.

Just read that jenman article – my gosh did anyone know the extent of how wrong the whole thing was.

Onselling at 5 times the purchase price. Can anyone really defend that.

mum2five have you heard anything about a possible new subdivision out near the camp road at greta?

Do you fly overseas to inspect, have a local partner who can inspect, or pay a building inspector to go through? 

would not hurt to do all three – especially in the early stages.

me too!

Hi Dogberto – your research is good in that the ato want to tax on world wide income like terry has said but foriegn lossess will not be offset against your oz income. Like others have said the best thing to do re finance is get it locally ie nz or the country your are investing in generally speaking – you can get it in oz but i have not heard of many people doing it. It is common for say people in japan who have very low int rates – anz & westpac do it from memory. You would probably want to talk to a good accountant as there are issues when you come to sell as the ato will be just as interested in capital gains you make through your overseas investments as they will with your oz investments even though there is no capital gains tax in new zealand. It might sound a bit complicated but it's not really after you have done your first few. Have a great day!!

We have services available in targeted areas of New Zealand. It would be important to first determine your long term goals, that is, what you want your investments to do for you before you first spend any money. You can watch or "shadow trade" some deals here http://www.cashflowproperties.co.nz/index.php?cPath=1 See what we have to offer and if it fits with what you want then start the process of due diligence and purchase yourself, through an agent, advocate or through us. Remember investing os is not the same as doing it in your own back yard. You will need to research areas, find finance and contacts for legals and accounting. Remember investing is really about people rather than just bricks and motar. Find some good people and take a few flight to the areas that you want to invest in. Cheers

yes a suxpeck sounds good