so 1.5% on top is a good max to wrk thru for the next 12 months
“Extraordinary Popular Delusions and the Madness of Crowds” ~ Charles Mackay
do you have a web link for this report ? I would think its reasonable especially in Urban areas, look at past property cycles, also a excellent read is More related to financial markets is “Extraordinary Popular Delusions and the Madness of Crowds” ~ Charles Mackay starts with the tulip mania, exact replications of the proeprty booms and the timing of the crowd when the join the sector
hey nah
They have considered this for some time but i think want to protect the level of inward investment (thus why the RBNZ has a 1 percentage point higher int base rate than Aus at the moment) which also has the effect of attracting forex investment. cullen (fin minister) is unpredictable though
hey nah
I agree with Vicki, unfortunately Hawkes Bay has really thrived on the boom and the places where employment is at its greatest, napier, hastings and havelock north have especailly gone thru it check http://www.pmigroup.com.au for there latest report on all areas of NZ, I lived in hawkes bay for 3 years and now live in the UK but have 3 IP’s in lower North island, NZ, and am cautiously looking at adding +ve cashflow props only, as i agree with steve mcknight interest rates will follow the US and go up and regional town rentals will be the first to be empty in a recession
hey nah
to make it clear these are exceptionally good via the 11 second rule
hey nah
where in canada is it i have relatives there who may be able to point you in the right direction for your research
hey nah
dont forget there is a nig oversupply of inner city rentals, which will take some time to shake out, unit then rents will struggle to increase
hey nah
no cpaital gains tax at the moment on property in NZ i am tax resident in the UK so shoudl avoid this,
good call on the fixed interest deals currently they look attractive and limit your unknown risk to vacant tenants
hey nah
I think that in todays climate more than ever you need to find the properties that are going to provide +ve cashflow, otherwise with higher interest rates your cash would provide higher yields in the banks or with a fund manager
hey nah
a word of warning Otago Uni students are a mad bunch with a reputation for destroying rental houses, the houses should be of very solid construction or very cheap to aquire or your investment may start to haemorage cash[comp]
Step 1 - 0% Complete
Step 2 - 50% Complete
