Stuart O’Neill is great. Have seen him talk a bunch of times and even met him briefly.

A friend of mine is using him to source investments in Q’land (both residential and commercial property) and is very happy, I’d use him myself if I wanted to buy in to Q’land.

He’s a very ‘dynamic’ person which can mean ‘scary’ if you find that kind of person…[Read more]

same here, but westan has beaten me to it, and I will hereby vouch for him as a person of excellent character and integrity.

cheers-
Mini

joy to the world

Hey Michael R,

Another legendary post from you with a lot more political understanding than I have or care to have. Thanks for that.

AFAIK there are no restrictions in place for Aussies to buy the kind of properties I have bought, which is the same sort that we source for our bird-dog clients – ‘second hand’ family homes and duplexes,…[Read more]

100 percent equity on three NZ properties.
Reason – firstly risk mitigation. Not kidding you, I could hardly find a single person with a good thing to say about the three properties I bought, at the time, that thought they were a good idea. Most people thought I was making a terrible mistake and would lose money. (of course those people didn’t…[Read more]

some great points here everybody.

questions: was the tenant loyal because the rent was underpriced? Is the landlord selling rather than raising the rent/moving the tenant??? was the landlord managing the property themselves???

I prefer to use a property manager so that these issues are kept somewhat at arms’ length.

You could do the same. The…[Read more]

Hi Homer,

“The real estate agent told me rental properties are in demand in the area though. But I thought hey I’d say that too if wanted to sell someone the property.”

Exactly, and so the way to find out about demand is to ask a rental manager not connected to the sales office. (hopefully there are two in that town.)

Better still ask them to…[Read more]

“Your spot on Mini, it pays to read the artical, but I really just wanted the attention……….
”

salubrious, *giggle*, touche…..
Well, you did get my attention!!!
Then again I always look at threads with NZ in the topic as that’s my area of interest/expertise.!

cheers-
Mini

joy to the world

http://www.guerrillagroup.com.au

cheers-
Mini

joy to the world

CONNECTION on it’s own is wonderful, and you can be great mates – all that good stuff like emotional, spiritual, intellectual connection and mutual understanding. And a connection is truly effortless – you have it or you don’t.

SEXUAL ATTRACTION on it’s own is wonderful, and you can have lots of fun

but when you get CONNECTION and SEXUAL…[Read more]

The soul is androgynous

joy to the world

Hi Wilandel,

“NZ has plenty of good deals still, but it is getting harder to find “quality properties” at bargain prices. ”

I agree, and it’s ironic that if and when NZ is not flavour of the month any more and “all” (myself not included) the investors go off the boil, that’s the exact time when you’ll be able to name your price and yet insane…[Read more]

Everyone misses the good bit, because bad news and shiznit-stirring sells more papers, sheesh….
here it is:

“But the New Zealand government has made it easier for foreigners wanting to invest big bucks in Kiwi companies by doubling the threshold at which transactions have to be scrutinised.”

cheers-
Mini

joy to the world

I’ve read the article, and what I can’t get is how you read it and conclude “Kiwis don’t like Aussies”.

This is meant to LEAD the reader to LOOK for paragraphs which support your BIASED headline. OK, putting that to one side, the two salient points are that it’s going to be harder for Aussies to buy properties with “special heritage or…[Read more]

yack – and this must be a historic moment – i agree with you 100 percent!!! “a tenant wants value for money.”

Absolutely.

I’m hoping my future tenants are going to want a combination heat lamp/extractor fan in the bathroom (cost $300 incl installation) as it’s winter and it’s near the snow…..and I’m just putting one in one of my…[Read more]

Earthquakes….I grew up in Wellington, at the bottom of a main fault line, used to tremors on a regular basis, so therefore one doesn’t end up with any ‘fear’ of them. (No more than any other ‘act of God’ which could happen to you any time any where.) In wellington, a lot of houses are built of wood rather than brick (unless reinforced) because…[Read more]

Earthquakes….I grew up in Wellington, at the bottom of a main fault line, used to tremors on a regular basis, so therefore one doesn’t end up with any ‘fear’ of them. (No more than any other ‘act of God’ which could happen to you any time any where.) In wellington, a lot of houses are built of wood rather than brick (unless reinforced) because…[Read more]

what’s that saying – something like sell the mould, keep the gold – sell the trash, keep the cash??? no, i’ve got that wrong, but Steve has a saying which i forget – basically, if your investments aren’t performing, sell them and buy a different one instead. Negatively geared to begin with, and costing you heaps to run on top – what are you…[Read more]

PS Why haven’t I bought more properties? Well…firstly because i am a risk averse chicken who kind of likes 100 percent equity which I have at the moment, that is I own my properties all outright, secondly because I have been using the income off these properties to live on (I know it’s a bit naughty in terms of not getting my portfolio any…[Read more]

Hello all but firstly Kaye,

“if one buys a 500k IP, it is pretty much equal to buying 10 X 50k IP’s.”

No, because all other things being equal, you have ten rents coming in not one. I.e. your 500K property is vacant, your portfolio is vacant. 10 X 50k properties is spreading risk.

“Sure, the yield is going to be lower,”

which is another reason…[Read more]

I think Tokoroa is about 14000 people….

Oh yeah and re:leasehold land, there was a great place I was looking at a year or so ago, 35K, GV was 55k, freshly painted inside and out, 4 bedroom, right next to town and the polytech, in a south island town, would rent for 280 a week,
(41 percent return, anyone????) however the catch was it was on…[Read more]