>My personal
> believe is that for a passive investor, property is usually better, because of
> leverage. Most who buy shares usually buy them outright, whereas most who buy
> property usually borrow to do so. Whilst the underlying investment (I’m
> talking buy & hold – not trading) over a 5-10 yr period will perform
> similarly, the property…[Read more]

this is a wacky one, but you could go to a hypnotist or hypnotherapist and try and get regressed to when you were back in the taxi, and then *look* around the taxi -from your subconscious memory- to see the taxi number. Because actually the memory of the wallet and what you did with it and when you last had it is still within you, and the taxi…[Read more]

I can’t WAIIITTTTT for the book!!!
By the way Leigh, ‘in the can’ is a film biz term,
35m film is in cans, and when you’ve wrapped the film, it’s ‘in the can’ ready to be processed…

cheers-
Mini

joy to the world

Hey Squash,

sorry about thinking you weren’t an investor in NZ. Thanks for some good discussions and everything is clarified. Plus, I lost the bet so, err, here’s my ass!

cheers-
Mini

joy to the world

“At the end of the day an individual will invest in their preferred area/s – and ultimately it is their expertise, or otherwise, that will largely determine the degree of success they enjoy (or not)
”

well said derek.

my enormous amount of words was me just saying basically ‘my individual preference is for property.’ – and my reasons why, which…[Read more]

YES

joy to the world

Hi kp,

everyone else, sorry i again smooshed all replies into the one email without breaking it up into who said what

> Mini, I wish I could be transported to NZ to check out whats going on over
> there.

your wish just came true, as they have these flying chariot things with tiny little waitresses, tiny plastic knives and tiny seats at tiny…[Read more]

smooshing replies to everyone in the one post

> Nah! It would take too long to firstly correct the misconceptions.

if ever?? hehe

> It’s funny to note the proselytising fervour on both sides of the fence.
> Who really cares anyway, as long as what we do puts groceries on the table
> plus a few frivolities.

indeed, but I just don’t care for…[Read more]

Jars!

you legend, go Erskine!

You look really nice.

cheers-
Mini

joy to the world

I found the way of valuing property interesting, 58 x annual income being the current (‘ludicrous – sic’) price in Aus.
That would mean a house renting for $100 per week would sell for 301,600.

They say the long term average is 31 i.e. the same property should sell for 161000 if rented for 100 per week.

Comparing it to my NZ investments, I have…[Read more]

I am a PROPERTY investor.

People will always need a place to live, no matter what the economic climate.

Shares to me are ‘BS’. Meaning, no matter what a company’s stocks SHOULD be doing based on fundamental or technical analysis, it’s stuff like PERCEPTION and HYPE, ADVERTISING, FEAR, GREED etc that make prices go up and down, I reckon.

Shares…[Read more]

I calculate the gross yield like this:

rent per week….times 52 equals….

divided by the purchase price.

i.e. for a 52k house where the rent is 100 per week

100 x 52 = 5200
divided by the purchase price = .1

.1 means ten percent yield
.05 means 5 percent yield

etc

i.e. I skip the ‘x 100’ bit and do that in my head cause I know what the…[Read more]

bb,

“I thought your intelligence was away ahead of going to anyone’s seminar.”

thanks for your kind words.

*thinks: reinforce positive behaviour, ignore other*

Yep, the learning outweighed the costs (it’s all tax deductible anyway, hehe, which is why NZ BirdDogs just happened to have a business meeting in Melbourne the day before!) and the fun…[Read more]

Yack –
“Is (+ve CF) that the only reason you have decided to invest in that town of 1500.”

I invested in a town of 1500 a year ago with no property manager there.
BUT…

It was not an Australian remote town. It is in NZ and 30k from a major regional town of 44000 where the property managers managed it from, as well as other properties in the…[Read more]

Misty,

it’s hypocritical to try and make someone else honest, by using a dishonest “some lame excuse”.

The professionals use things like credit checks, references, bond, and rent paid in advance to minimise the risk of tenanting your property.

I suggest as others have that you either use a professional manager, or if you insist on managing the…[Read more]

are their names Fiona and Adam by any chance?

hahahhhaaa

Seriously,
I know the BEST handyman company in Sydney. They are super fast, and they seem to happen to have everything they would need for multiple jobs in the back of their trucks. From specialised cupboard corner hinges to sheets of roofing, they are seriously total…[Read more]

ah well, I’m certainly not one to kick and opportunity in the teeth – I just sent him the info sheet for NZ Bird Dogs!

joy to the world

In my opinion, the newer the place the less ‘value’ you will be likely to get. After all, buildings depreciate,(not meaning tax strategy – meaning, get older, need maintenance, get worn out, get outdated, go down in value) land appreciates (that is the thing that makes your property go up in value, not the dwelling itself.)

Two identical…[Read more]

yeah, manic, do it.
I reckon Sydney is to Auckland as Melbourne is to Wellington, anyway.

I think Greville St Prahran is like Cuba St, Wellington….

Wellington is a fabulous place. OK, I’ll try to compare to Sydney, though it’s really hard…cause most of Wellington has great views but Australia is so flat that you basically have to be quite…[Read more]

Hi there,

the good areas in Auckland are – with what i consider to be their Sydney equivalents …

Mission Bay = Double Bay
remuera, epsom = eastern suburbs sydney
Mt eden = newtown
herne bay = pt piper
ponsonby = paddington
grey lynn and westmere = bondi junction
the north shore = the north shore
rodney district = central coast
sandringham =…[Read more]