http://www.oic.govt.nz

This site has the stuff about overseas investors coming in to NZ. click on the ‘investing in NZ link’ for a bunch of links or go straight to the summary –

http://www.oic.govt.nz/invest/policies.htm

cheers-
MiniMogul

congrats still, sounds great, is that in Aus or elsewhere?

you can get data for free from the RE agent. get them to print you out a couple of sheets of info in your price-range for say the last few months.
there are lots of things you can do with the data, i.e. work out the ratio of GV to purchase price in your area from the data

“I’m just thinking it might just be better to refinance your loans at the peak rather than sell.
”

ian I think you nailed it, what Steve was getting at – would make sense to get your LOCs or whatever now against current values ready to buy in a couple of months or so

I think that ‘entry-level’ properties are the most sought after, because everyone in the market for a house can afford them. also the cheaper properties in single homes are in my experience more likely to be CF+ve than the more expensive homes. i have seen some good yields for small blocks of units, or even home and income type properties.

keep…[Read more]

deja vu? yes, certainly, it has happened to me before – actually – I put a thread up about it months ago called ‘bogus offers???’ which is probably in the treasure chest. and guess what, it was the same agent as you are dealing with, even.

basically parts of NZ are getting as hot as Australia was a while back, so people are trying it on.

i think…[Read more]

‘no genius without a touch of madness’
– Goethe

i want to congratulate Steve for coming back and being around the forum again. timely and most appreciated.

cheers-
Minimogul

for anybody who has felt that a power-tripper has ruined their life – hey, you gave someone that power? remember, nobody can make you feel inferior without your consent.

how can a power-tripper destroy everything unless you actually let them? how did they even become a power-tripper in the first place?

if you sit back passive, and didn’t do all…[Read more]

!

*grin*

http://www.richmastery.com.au/AU/

these guys have property deals. i think you have to join up to view them, and – as discussed elsewhere the consensus is divided as to whether they are good or not – but use it for your own research. look at the kinds of properties they are finding, where they are, the price-range, the cashflow.
that should point…[Read more]

you can’t be gazumped if you have a signed and counter-signed offer.

you put in your offer, the agent should type it up, fax it to you via your solicitor or ‘subject to approval by my solicitor as to all terms and conditions of this contract’ if you are in a rush and don’t have time to contact your lawyer or it’s the weekend or something – touch…[Read more]

comsol nailed it when he talked about successful businesses needing good ‘systems’. A system is a form of leverage.

“owning your own business is a bigger jail than being an employee.”

Robert Kiyosaki says that many people who think they own a business (self-employed) don’t – they own a job. I can relate to that – I have a business, but I get…[Read more]

yeah, I love the book, so glad you are ‘enlightened’! (those that haven’t read the book, this is not a smug pseudo spiritual pat on the back, it’s to do with the name the authors of the book give to millionaires who are committed to giving away 10 percent to the community, and book aims to help create 1 million of ’em! they think that will change…[Read more]

I think a lot of people finding deals for ESC are people who have done their seminars. At least in NZ I know this to be true. A lot of people don’t have the $$$ to get started and finding deals for a commission is a good way to get started. I was recently in NZ looking at properties and we looked at a waterfront property in a city which could…[Read more]

Hi there,

>everyone recognises we are in the early stages >of a correction in R/E.

I think you might be right Bill, and it’s not that I disagree that people can make huge amounts of capital gain from their negatively geared PPORs over time and in a booming market, if they buy right, etc etc etc – but it’s just not a given right now. And if you…[Read more]

yeah right on kay.
yeh i live in sydney too, paddington. where are you?
we should have a coffee some time.

anyway, yeah, basically, what kay and i are doing means that our IPs will buy us our house further down the track, whereas if we’d bought our PPOR now it would be out of earned income, in tax-paid dollars – the most expensive kind.

thanks simon!

hmmmmmmmmmmmmmmmmmmmmmm.

bill, sometimes I SO don’t get you.

how can you say that ricky should buy a negatively geared PPOR which will give him no tax benefits, and which he is buying at (according to you Bill) the top of a boom and which (also according to bill) could go down in value by up to 20 percent?

(ironically, this sounds like…[Read more]

totally. Anyway, this lawyer only charges $55 an hour NZ, which I find incredibe value anyway, especially as my lawyers in Sydney cost $400 and $280 per hour.