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Thanks for your reply,
I am still at the researching bit hehe. If I get more serious I would consider goin to NZ and see what can be done from there as I am not a fan of buying without seeing the property 1st hand.
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Also, what do you think would be better. Getting loan in Australia or New Zealand for purchasing in NZ?
EngeloRumora | Ohio Cashflow
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Thanks, what do you think of Whanganui? Read article on Whanganui seeing some good CG few years ago.
EngeloRumora | Ohio Cashflow
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I dont know yet, Have been browsing the whole of NZ hehe, were would u guys suggest is worth taking a closer look?
EngeloRumora | Ohio Cashflow
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Hey Wobbly,
Your are the only 1 replying to posts on New Zealand, I guess no one else is intereted on investing there hehehehe
EngeloRumora | Ohio Cashflow
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Good point Wobbly, Thanx for feedback
EngeloRumora | Ohio Cashflow
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Hey Tony,
I agree mate, I have seen some decent yeilding properties. Would love to get an opinion from other investors as I am not informed much about the New Zealand market. Definetly will be doing more research in weeks to come. Have seen a block of 3 units selling separetley or together listed at 40k 50k and 50k renting at 120 per week. Looks very interesting.
EngeloRumora | Ohio Cashflow
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I cant believe some of the replies that Zaul is getting. He just wants to get pointed in the right direction.
@ angelinsydney, You really are an angel for willing to help the kid out, I am not experienced enough to be a mentor otherwise I would have put my hand up first.
@ Zaul, Hey mate make a passion an obsession and you will succeed
All the best.
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Thanks xdrew for your insight. What month did they have a write up in the API mag? im a regular reader but must have missed it?
@ goldies, I would never purchase a property without seeing it first hand. Even if some one took 1000 fotos of a property im interested in I would still want to see it in real life. Plus I always chat with all of the locals in the area to get some insider info. I recently purchased a property in Mildura and pretty much spent 2 days speaking with locals and just driving around town before inspecting any property.
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Hey Jamie,
Thanks for the link. Im currently speaking to a few agents in Moree. Would want to go have a look in person before deciding to buy anything.
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Hey Jamie,
Thankyou for your response.
EngeloRumora | Ohio Cashflow
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hahahaha,
That is funny, keep the good deals to yourself hehe
EngeloRumora | Ohio Cashflow
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Hi ibluedento
I have recently purchased an IP in Mildura. Which street are you considering buying in?
Thanks
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Hey guys,
Thanks for your replies, I have just returned back home to Sydney from Mildura. I must say I was very impressed with what I saw during my stay. Everyone was very friendly and willing to take the time to help me know the area better. I have spoken to quite a few locals and they all said that property is considered to be worth more on the West side of Deakin Avenue although the East side has better yields. I am currently in the process of purchasing a 3 bedroom house in McKendrick Avenue due to the recommendations of many locals that its a good street to purchase in. I was also very lucky to come upon an excellent agent who was very proffesional and helped me with all of my requests. The house I will be purchasing (subject to building inspection and pest control) was sold to me at the same price as it was sold to the vendor in 2004. This obviously indicates that there has been little capital growth in the previous 5 years. I am a believer in buy in GLOOM and sell in BOOM, so I think now would be a good time to purchase property in Mildura. The town is very well equiped with everything a population of 50k could possibly want and need. Unfortanetly the propesed casino wont be going ahead which is a big dissapointment as I think this would bring a lot of tourists to the area.
Once again thanks for your comments.
Regards,
EngeloEngeloRumora | Ohio Cashflow
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Hey guys
Im interested in getting ideas from different people regarding investing. Im situated in St Leonards, would love to meet up.
Regards,
engelo10EngeloRumora | Ohio Cashflow
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