Yes, Dave and I have just settled on a home last Friday, and our previous purchase was just prior to christmas, both in Tokoroa. Can you please let me know where the better markets are, as we are always on the look out for +cf.
Hi Tim,
My thoughts exactly. I like you have not read this report; I did not believe I could waste valuable time on it. [baaa]
I own a Real Estate Company in Tokoroa, so am at the coal face of people whom invest here We own our home in ^Tokoroa, and invest in properties all so. The buyers we have range from our locals whom are buying to upgrade, down size, or invest. I deal with overseas investors from Ireland, England, Germany, USA, France, India, Fiji, Japan, all over the world, and of course all my Aussies.
[exhappy]
I deal with some of New Zealand’s leading developers who see huge potential in Town, and are looking at future projects.
We have many people from the above-mentioned places, and New Zealand whom are coming to Tokoroa to Retire or live.
We are central North Island, Dave and I have a boat moored in Tauranga, its an hour away, my family get the benefits of the ocean for a weekends fishing or diving [snorkle][snorkle]without having to pay coastal prices to live there, and it takes us only an hour.
I love living here, no traffic jams, parking meters, exhaust fumes etc. We are two and a half hours from Auckland, 1 from Hamilton, and 40 minutes, Rotorua, and ¾ and hour from Taupo. Which is why prices having been steadily rising for the last 18 months. There is a huge demand from owner-occupiers wanting tidy homes to live in. The bigger centers are pricing themselves way to far out of reach for “the average ma and pa†to quote mini, so they are moving here, can visit family cheaply, and live a very comfortable lifestyle. Many who have moved away for a few years come back to live. Tokoroa is a very friendly Town; in bigger centers you miss the smiling faces, people talking on the streets, [gossip]and just the relaxed atmosphere in general.
I keep telling people who have listened to all the negative talk about the mill, just come here and have a look. We are not reliant on one employer; I get quite angry [cigar]every time I hear this. Mini and Muppet, Del, you guys all know who you are, have been wonderful at exploding all the BS that gets published about our little town.
Tims previous comments I could go on – it just urks me that a report goes public declaring a NZ town to be a ghost town in 20 years, what kind of credibility, logic, and demographical statistical analysis has been done on this, and how have the results of this been correlated with other comparable situations, in what ways were the local town planning authorities engaged in how they should accept this report and commence a downgrade of their infrastructure and facilities!!
I say poppycock!!
Tim
P.S. I openly state my interest in Tokoroa as a satisfied investor.
Your final comment Tim, many others stand behind you on this one.
Cheers Jenny Lamberton
Very common in a busy market. There are two ways of presenting a back up offer. One is a standard clause, that allows the vendor to sign your offer subject to him successfully cancelling the prior offer, should it not go unconditional upon the set day. Two-You can further add to the clause that the vendor shall not allow any extensions to the prior contract. Cheers Jenny[blink]
You can make a back up offer on a property that is under agreement. Your agent will insert a backup clause, this allows you to have first option on the property if the 1st offer does not go ahead. [biggrin]
Hi Guys thanks for the welcome, Muppet it was nice to put a name to the face today, thanks for the visit. I loved my Aussie invasion, very exciting. Met a whole heap of the most wonderful people, who are patient, pleasant, and extremely good to deal with. Even though they are tired, and travelling around the country side. The knowledge gained from Dave and Steve, and others on the courses they run helps making investing in another country less intimidating. You can also tell that they are going to be excellent landlords, by the way they conduct business. The feedback I have had from those that came to Tokoroa, was they all left very happy with their purchases and level of service received. And YES Muppet u were right, u will read about it the local paper tonite. Cheers Jenny
The websites don’t allow us the facility to mark under contract, or under offer, so these homes stay on the site until physically sold. Jenny Lamberton
With the income level you mentioned, it would be wise to allow a lump sum tucked away for emergencies, such as loss of rent between tenants, and unexpected problems like a blown hot water cyclinder, wiring problems, wear and tear. This makes these problems much easier to cope with.[biggrin]
Just a thought, is it worth while advertising the property as a trade for something cheaper, and using the cash differnce to pay off some of your debt. [upsidedown]