yeah ange – read, read, read!!
go for the threads with lots of replies first.!
a lot of us have been posting for a year or more so there is rather a lot here already!

hi fudge, I resent you the email i wrote (long!!!) so hope you get it this time! ditto dom!

> Dear Mini,
> Thanks for your comprehensive answer to my question :o)) I know this would
> have been answered elsewhere and I could do an archive check, but… does one
> get the same tax benefits as one might in Australia if one buys in NZ?

yes as far as I know. haven’t done my first tax return there yet but i think depreciation is 4 percent on…[Read more]

yeh interesting about the psychology of rating yourself.

“Some people might have 100 properties and give themselves a 2/10. For some, it might never be enough, but I think it’s good to be satisfied and proud of oneself- whatever one has achieved- because it isn’t easy for many of us. ”

yeah – totally. and I gave myself a big old back-slapping…[Read more]

i’m only going to mention the good ones as they’re the ones i remember!

Australia’s Money Secrets of the Rich.
John R. Burley
My Rating 9
I agree with muppet. one of the best books on ‘wealth creation’ to quote an icky jargony term

Real Estate Riches
Dolf de Roos 8
as well as educational, it reads quite well too

From 0-135 in 3.5 years
steve…[Read more]

my two things that i do in order to get a good deal is make cash offers, i,e, have finance ready to go. i heard that up to 50 percent of deals fall over due to finance not working out for the buyers. cash offers don’t fall over. although you can still get out in other clauses, like if the building report doesn’t come up to scratch.

second thing i…[Read more]

yay the book, redwing! sooshie’s just got it too.

i think it’s brilliant that you’re networking. often it’s hard to find people in your circle of friends who are on the same page of what you want to do and aren’t negative and telling you you can’t do it for whatever (their) reasons.

through this forum i’ve met up (in real life) with some excellent people that i can chat to about investing, we…[Read more]

hi Dom,

it wasn’t unusual for me because my parents are there and i nip back several times a year anyway. Also i know the country pretty well having toured it lots of times. I was extremely hesitant about investing sight-unseen and I was finding deals on the net for months before making a move, driving myself crazy with how good the numbers were,…[Read more]

hi kay,
bill is right, and after doing a lot of research, i found that the more expensive the property (generally) the less the yield.

the properties at the bottom of the market (actually any market) will likely have the best yields, because the rents in any area seem to be in a far narrower band than the purchase prices.
Often a house might be…[Read more]

nice one Richmond.

Hey Fudge – I had a friend who had arthritis in her whole body (started in a knee, spread to the other, spread more) at around 20 too – but got completely cured within 6 months. I saw her again about a zillion years later and she never had it again. drop your email if you want me to tell you more because it might be a bit hairy…[Read more]

dolf de roos bought his first property at 17 when interest rates were 27 percent. he looked like a kid too. You can do it too.
just identify what the actual problems are and solve them one by one.
for example using a mortgage broker would be a good start.

It does seem to me that there might be bargains to be had in the future, in the Aussie market – probably when the next 0.00004 interest rate rise (hehe) snowballs into even wider-scale panic and loss of confidence than we’re seeing now.

If you are buying now, you’ve got to figure out if your property is worth it – it might be overpriced! Figure…[Read more]

the last agent I went looking with drove us around in a brand new beamer.

business must be good….

Yeah, actually, I saw their stand at some investing expo i went to at darling harbour. i can’t believe I took a brochure and followed it up actually, because it’s so not me. I guess i wanted to test if it could really be as good as they said it was.

So off my friend and I went to an ‘information night’ with RP vending. The returns seemed so good…[Read more]

to store and grow my weath – with passive income to boot

I would have thought that any sort of borrowing would be much better in the long run than a joint venture, as if you’d use a money partner you’d probably have to give away a larger share of the profits (50 percent even???) than you would if you were borrowing from the bank or a non-conforming lender…. thoughts anyone?

hey bjaw,

unfortunately I’ve been asked not to refer anyone else to him.

FYI, this is what he said:

“Following up on our conversation the other day – I am finding other persons referred to me are not working in the smooth manner that you and I progressed matters. For that reason I must decline to accept any more referrals. I have not made…[Read more]

waiheke island for 100K in January, would be worth 250K now. No bull. 127 percent capital gains were documented in the last year, but in the bottom of the market the capital gain has been even higher.

foxton for 58K at that price CF+ve, would be worth 80 now

je ne regrette rien….

yeah but don’t forget often people go back and read the thread again to see what’s been added after their post.
i think it’s valid to not reply to every post. i don’t, just those i feel i have something to add to

cheers-
mini