well i hope you are all correct as you are clearly supporting NZ.

the graph makes me suspicious as it looks remarkedly similar to trends i have seen in the stock market and when prices spike like this they inevitably are followed by a “correction”. only time will tell and as usual i will just make sure i have a buffer to ride me through any…[Read more]

i have an IP which backs onto a park and it was a selling point for me as its great for a family with kids. you can put in a gate to the park (with a padlock of course).

A dog, alarm, or security lighting will eliminate the threat of thieves…a dobermahn will do the job

When you go to sell your IP you demonstrate the alarm etc and i dont think…[Read more]

i have an IP which backs onto a park and it was a selling point for me as its great for a family with kids. you can put in a gate to the park (with a padlock of course).

A dog, alarm, or security lighting will eliminate the threat of thieves…a dobermahn will do the job

When you go to sell your IP you demonstrate the alarm etc and i dont think…[Read more]

hi guys,

I focus not so much on money but simply how many properties i can purchase! As long as all the properties generate enough cash flow you can basically just keep buying. I mean really after say 10 years you know youre gonna be well ahead anyway.

So, my philosophy is to buy buy buy in areas where i think that even if CG isnt awesome at…[Read more]

bla bla bla……….just make sure you always have buffers in place and dont have all your properties in the one location. rates will rise, markets will plateau, just keep em rented and service the loans. have a buffer in place that will cover a few rate rises and its all good if you have the buffer you will know in advance when its either time…[Read more]

this ought to close this topic…..im a renter and 200% proud of it. i get to rent a 1 mil + home, 5 mins from Sydney city centre for only $600 per week. after renting out 2 rooms and having my business (home office) pay rent i pay less than $100 per week personally. obviously this frees up all my income to buy IP’s. why the hell would i commit to…[Read more]

hi guys,

wow that was an interesting read. i think Nat perhaps sees some people as clowns where maybe they / we just don’t quite know as much as her about the finer details. she should perhaps take less informed people under her wing and help them rather than ridicule them. it’s always easy to pick on easy targets but perhaps more challenging not…[Read more]

Hi Steven,

Can i open this NZ account from here in AUS and then simply access it via the internet? Can i also have them send my statements back here to me in AUS?

i guess i would just have Wizard direct debit the NZ account for the mortgage repayments right?

Hi Sarah,

Welcome to the site. 18 months ago i was in the same position as you ie not quite a large enough deposit and no homes in my portfolio. In the last 12 months i have bought 2 properties and am about to buy a 3rd and 4th.

My advice to you is this;
– Stay focused and let nothing distract you from your goals
– Read, read, and read books
-…[Read more]

Governments SUCK!!!

I wonder if your land in NZ was owned by a NZ trust of yours would the CG still need to be paid to out GOVT….its a good question can anyone answer it???

thanks Jeff,

can anyone answer this question “Capital Gains Tax doesn’t apply in NZ but may if you repatriate gains to Oz” ?? Will anyone charge me CG if i bring my profits back to OZ?

Cheers.

thanks Steve,

I think given the state of the Aussie market right now i am going to have to use IO to cheat and make some properties positive. Also am considering converting my others to IO in order to gain access to more funding. Any major pitfalls to IO i should be aware of?

cheers.

thanks for the info westan. let me know if you come across anything that may be of interest to me over there

hi guys,

allow me to be blunt. I HATE OUR BANKS AND AVOID THEM AT ANY COST!! I use Wizard as my lender of choice and go with ING who are fantstic…check them out.