I just came across this article in Perth now.http://www.news.com.au/perthnow/story/0,21598,24207506-5013244,00.htmlTry calling the guy on the number at the bottom of the page.

I suggest you check out this website. If you take their equity it would be a silent partner rather than one you could have disagreements with.http://www.efm.info/index.php?v=Home

In the current market conditions the most likely reason for interest rate rises is if the rest of the world decides it is too risky to lend to us at low interest rates. In that scenario expect house prices to collapse as house loans will be very hard to come by and only under  very tight conditions as credit is rationed.

A scary story of stupidity appeared in the Australian Property Investor in Nov 2008. They are a couple in their mid-twenties who have "retired" on their property portfolio using an amazing strategy. From page 51 "While the interest payments on their loans eat up the rental income, Rob and Kylie use their equity to fund any shortfall, as well as…[Read more]

I was thinking of a similar thought recently to redress the balance, but instead of a home owner CGT I was thinking they should remove the negative gearing benefits of investment properties. I can see a big issue with CGT on your own home. Imagine if you buy a house for 300k, 20 years later it is worth 1 million. You want to shift to another…[Read more]

Agree with everything you say condog.Does anyone know of any lenders that will allow you to borrow in foreign currency against nz houses? I have found them for Australia but not in nz. I want to wait for the nzd to bottom out then borrow in a range of foreign currencies, then sell out  in a few years when the exchange rate is high again.

I should also mention that NZ interest rates dropped today for the first time in 5 years. Expected to lower the official cash rate from 8.25% to 6.75% in the next couple of years.

The same areas that I am looking at, which is why unfortunately I won't share my research or we (and the rest of the forum) would be competing over some of the same properties. I would like to build a portfolio of about 10 properties in NZ over the next 3 years. I found your website to be interesting reading. I wasn't aware that such arbitrage…[Read more]

No stamp duty or capital gains for a start. almost 1.3 times the buying power, great huh. I think it will be slow the next couple of years, hopefully drop a bit even.All other things being equal, in 2 years interest rates should have dropped, and the equivalent of the first home buyers grant will have started (3k per person for those in kiwisaver…[Read more]

Are you able to subdivide the large block and sell the section to reduce debts and give him a deposit? If the figures are $250 per week rent there is no way that 450k should be tied up in it.

Where are you finding properties in this price range as I can't see any advertised with land under 200k let alone 165k.Thanks,Matt