Have you tried Di Jones?

I read an article about them many years ago when they had just started and were kicking goals. Seemed an awesome woman. Seem to specialise in the area, too.
The daughter, Kim, could be a good one…at the woollahra office. I certainly see lots of houses for sale with them in our area (paddington).

A quote from the…[Read more]

re: how on earth do you get a loan, aren’t the three things the bank looks at equity (either in a house, or other assets, cash savings, etc), income (earned or investments) and credit rating. (no outstanding parking fines or debt collectors….)

and if you can make them happy about all three, they work out according to their formulae if they will…[Read more]

> Take it as you will, but you were being patronising.

which bit? You still didn’t answer.

> Makes no difference if I’m a newbie to property investment or not, you will
> rub people up the wrong way if you talk down to them.

When did I talk down to you in the post you took offence to?

>I’m also not wasting
> people’s time.

glad to hear…[Read more]

>You might want to keep your ego in check.

ewww…..

>I’m a reasonably experienced property investor

bully for you.

>Excuse my ignorance but

excused.

>I would have thought doing as much due diligence from this country would be >nothing more than simple common sense

well, then, start using it then and stop wasting people’s time who are just…[Read more]

yeah, financial planners are salespeople on commission. not investors. They don’t have your best interests at heart, they have their own.
So they figured, not enough commission possibilities from you to make it worth their while to see you.
But seemed to be trying to hide that from you by making you feel small with a put-down.

*bah…[Read more]

Hi there,

interesting point.
I always ask why the vendor is selling, too, and I have recieved such answers as ‘they have a $34K mortgage on the property hence 36K is their bottom line’. Or ‘the vendor owns 75 rental properties in the area, and is now in a home. his children are selling off some properties to be able to pay rates.’ (that property…[Read more]

Unbelievable!! I think that’s called ‘trying it on’.

One way of reflecting it back so that the agent figures out the wrongness or rightness for themselves would be to tell the agent to put the whole thing in writing, ‘so that you could run it by your solicitor, before you could consider such a proposal’.

My guess is that he/she would back down…[Read more]

aha! Thanks, that explains it. (doh.!)
I still wish the site had a cookie which remembered you so you don’t have to log in manually every time.
like the old site.

cheers-
mini

‘is there anything else i should know?’

Yes. A lot. I would suggest taking a trip over there to check out properties. I think it will answer thousands of questions for you, to do that. it’s only like $399 return or something.
air nz, emirates, qantas, freedomair.co.nz, and even padific blue has started now i think (virgin).

re termites, no, – NZ…[Read more]

>Thanks for your reply, but I’m still in the dark.

yep…

>1. I don’t have a trust set up in Australia or NZ. >This is why I was enquiring about them. Forget my >situation – can anyone tell me the advantages of >setting up a trust rather than investing as an >individual?

that’s a bit like saying, ‘forget my income, just tell me how much tax I…[Read more]

I think your questions would be too specific to you to answer except by a NZ accountant versed in property.
It would also depend if you have structures i.e. companies and trusts in either or both countries or if you are buying property as an individual.
Also make sure that your Australian accountant and your NZ accountant communicate with…[Read more]

“Sorry wont share how.
Sorry guys not telling how.”

OK, let’s all jump on him, hold him down and tickle him until he tells. *rolls eyes*

Or else just read Robert Allen books – I think one is ‘how to buy real estate with no money down’ and one is ‘no money down for the nineties’.

cheers-
Mini

Hi guys, I bought the best house in the worst street (well it was the best, after I fixed it up – )and it’s an OK earner at 20 percent yield, 10 after costs.
(I bought it for cashflow rather than gains though.)

re:” I doubt Donald Trump uses the 11 sec rule.”

hmmm, I disagree, I think he most definitely would use it or something like it to…[Read more]

deano,

yep you should find some good properties in the areasyou mentioned and their surrounding areas and towns too. Various industries going in.

Dunedin, yeah, i think I read that they had – or are having – an increase of several thousand more students.
Traditionally (in my day hehe) NZ student accom is a bunch of students sharing a flat, and…[Read more]

hi there,

benefits – higher yields and cheaper prices
often regional towns are much less remote than their Australia counterparts, so more accessible beause NZ is more compact

pitfalls -may be harder to get to know the market.
other practical issues of living further away from IP (though bizarrely, might and up being closer than an Australian…[Read more]

bb,

wow! I’m amazed at what you wrote. Does this mean we won’t be arguing as madly as we used to?

!!! anyway,

re:
“What’s this year going to hold? NO IDEA.”

I think that even if I had a good amount of Aussie $$$ to spend (as compared to NZ prices are still comparatively higher) I don’t know if the bargains have started popping back up yet as…[Read more]

the thing about apartments is that – well, you know the old saying – land appreciates, buildings depreciate. i think CG is going to work for you much better if you buy a house with land, rather than an apartment which will start to be seriously dated in 5-10 years and will have ever-increasing strata fees – outside your control, not to mention…[Read more]

i have bought three houses so far sight unseen. Photos
– yep, but take them with a grain of salt, because they can be too low rez to show the bad bits. Actually when I show people my houses i show them the ‘agent photos’ and then i show them the ‘reality’ photos (which are a lot worse!).
the agent isn’t lying, but low rez wide-angle photos just…[Read more]

ooh, I like this fast reply business. It’s fast!

i calculate the gross yield (rental income divided by purchase price) and then the net yield (less annual costs such as vacancy, repairs, management, rates, and insurance.)

In the price range and areas i have bought in, it’s been that 20 percent gross works out to 10 percent in the…[Read more]

Hi All,

I want to do a longer reply but am at an internet cafe on holidays, so can’t talk long.

Briefly, I think it all comes down to the old ‘negative gearing versus positive gearing’ argument.

The best thing about cash yields is that you don’t have to revalue, refinance, sell, or otherwise frig around to ‘get your money’ – it arrives in the…[Read more]