I'm currently using harcourts, http://www.harcourtssouthland.co.nz but i recomend staying away, as currently they aren't doing their job. My house has been vacant since november, due to one problem or the other.

If any one could recommend a PM in Gore this will be helpful to me.

Cheers

hi propertyboy,

I think the others have answered your other questions well, but I can inform you on the FHOG (first home owners grand) as I have a copy of the forms in front of me. My girlfriend and I were in similar situation a few weeks ago before we signed on our property. In regards to the FHOG there is a few rules.

– If the property is in both of your names you are only eligible for one grant and neither will be eligible in the future for another. As long as neither of you have purchased a property before 2001 or received the grant previously.
– Now if you are thinking of a long property investing partnership it may be worth buying the property in one of your names and the second in the other persons name and therefore being able to receive two grants.

Though depending on the type of arrangement it might be worth setting up a trust for tax benefits and forgo the second grant. That way you could both be a beneficiary of the trust and the property is protected by a company.

Hope that helps a little. If you have any other questions just ask.

Cheers Jarred.

… It’s all true….

CRAP ! !

http://www.lifeaftertheoilcrash.net/

the barrel price at the beginning of this topic was $40 its now $75 ( going on 200). Which is nothing when a world can’t function.

i’m going to steel an oil truck and sell it in 10yrs time.

Was there on the weekend checking it out.
The company i talked to, manage 2000 units, and hold less then 1% vacancy rate.

So it seems quite easy to rent out.

But not very attractive with a 3% Net return.

Would have to say, its definitely a place i would like to live.

maybe a question for TMA, can you use the investment property they are purchasing as security. I’m only new to this, but i’ve bought one IP, and its my only property, but i used this as security.
cheers, Jarred.

For an informative, i would be more specific. E.g. “Property investing for capital growth”.

Intro (with little story)
-Wealth creation specific to capital growth (reason for this type of investing, how to access the money obtained from capital growth)
-Type of area’s to invest in for capital growth, e.g. views.
-Property types to gain greater capital growth, e.g. house over unit.
– Reason against capital growth.
conclusion

Just an idea, i definitely not the best English student as you can tell from all the gramaticalerrors, math is my forte’.

Good luck

probalby not in the kiwi sections
[biggrin]

Hi Spanky, i thought i would reply and give you an insight on what i have gone through.

i’m 19 aswell, and i can tell you its annoying. I got knocked back on a 90% LVR because i was younger then 20, so that was annoying, therefore i needed a greater deposit. So that was the first problem.
The second problem was ANZ turned me down because the money showed on my statements were inconsistant. Which was because i work for my dad, and he just pays me when ever. So they didn’t like that.
3rd, I had to get the house valued, and when it was valued the guy wrote a <edited> value and said heaps of bad stuff, and valued it 8grand less then i bought the place for. His reasons were beacuse on that day NZ had 50mm or rain and there was water dripping in 3 different spots in the house and wasn’t clean outside. So the lenders said we wont lend to this house.

So then i thought i was screwed.

Long came mum to help out “LOL” just as i was about to pull out of the deal. Mum without any investing experience, nor did i have much, but i did at least know something. But mum knows how to talk to people.
She organised the builder to inspect the damage, and he said it was just a blocked drain which caused the water the overflow, so would only cost aroudn 350 to fix. So then mum rang the guy who did the valuation told him to do it again at the price with the things fixed, minus the cost to repair it. Valuation now at the price i signed up. And lenders have agreed to give me the money.
YAY
Was also harder getting a loan in NZ earning 400 dollars a week. But can be done.
So i’m sure you’ll be able to get a loan, but you may just have to go through a couple like me. I suggest a Broker, they are fantastic.

1 IP down, and good luck to you.

I also screwed settlement time, went unconditional before valuation and ran out of time. Now have just been approved and been given an extenstion on the loan. Was looking bad, but now i’ve very excited.

Hi guys, i had a similar question on a thread in finance. Property Guru replied to me there and said that 90% LVR is possible. I’m currently enquiring more about that now, as ANZ told me i’m allowed at max of 80% because of the o/seas rule.

Regard’s Jarred
[king]