Also note that DD specialises in Queensland which anyone savvy knows does not represent ‘the market’ – it is doing it’s own thing, so listen to DD, he really does know – he makes it his business to know.

hi Foundation, just a bit of background about DD.
DD and his wife have made a *fortune* from property and are financially free. I went to an evening where they spoke about what they had done and how they had done it, it was a free evening, to do with a mentoring group that runs in Sydney to which my friend belongs. He was allowed to bring a…[Read more]

indeed, 46,000 people can’t be wrong

“will appreciate faster than probably anywhere else in the country”

That is sooo bogus, email me, and I’ll give you some examples and figures that will make you eat your words, okay?

This is of course something that a large majority of people (A.W.’s) would *like* to be true, but actually isn’t. Sorry!

Interesting given that you are ‘selling’…[Read more]

“sad to see all this to ing and froing”

oh poomba, don’t cry,

(and BTW ‘huh’?)

Re population, yes, Auckland has the big bell curve thing going on – most of the immigration to NZ comes to Auckland first.

HOWEVER!! the immigration rate is something that the NZ government in their infinite wisdom sort of open and close the gates at will, so to speak.

Now this is all a great big dynamic economics study. NZ dollar up, property…[Read more]

“where do you find the time to actually do a Development?”

the glib answer is ‘watch less TV and sleep less’ but the real answer is, I ‘work’ for myself (if you can call being an entrepreneur work – it feels like a great big game most days) – so I can always prioritise what needs to be done soonest as I have complete freedom as to what I do with…[Read more]

I reckon that ‘buying and holding’ something for some stupendous CF+ve yield like I was able to do in NZ a couple of years ago is ‘old school’ in the current market and people that are waiting for that deal even in NZ either have to look at 200 to find it (cause you do occasionally find them, if you are always looking) or else DO a bit more to…[Read more]

let’s not forget the pleasure of making your personal mark, no matter how ‘generic’ – you do get to choose, which is fun!

Picking the colours and how you will redecorate your IP, no matter how ‘cheaply’, is one of the most fun parts of property investing and one which is really rather satisfying! The rest is basically a big headache at worst and…[Read more]

Really! Is that for your units? how long a period was that for? Is that what we call ‘rates’ in NZ?
cheers-
Mini

Re; No CGT

“foreigners”

Yes you are right foreigners do have to pay CGT as do NZ residents who trade. However. NZ residents in certain circumstances don’t. Such as if you were intending to buy and hold. i,e, hold it for a year or more and you should be OK. Now how is a non-resident a resident?
Well, that is a question you should ask a NZ…[Read more]

hi Westan

i would say I’m more interested in the ‘next Gisborne’ than Gisborne itself right now…however if you can find anything CF+ve or close to but with an upside to improve, sure, grab it – deals are everywhere even Gisborne!

hi Westan

i would say I’m more interested in the ‘next Gisborne’ than Gisborne itself right now…however if you can find anything CF+ve or close to but with an upside to improve, sure, grab it – deals are everywhere even Gisborne!

Your answer is totally dependent on the town and the price-range and what is expected by tenants.

In a way you want to keep it to what ‘most tenants like’ so you could ask your rental manager.

However I think there is something to be said for being ever so slightly more ‘trendy’ than what the market is doing, to futureproof your place. I see a…[Read more]

1. Capital Gains absolutely do happen in high cashflow areas
2. A high yield is a great buffer
3. Renovation or adding value is a fantastic way to speed up the capital gains process as well as increase the income without twiddling your thumbs waiting for ‘time to pass’

Hey Kerwyn

it’s basically how you negotiate it. What are the vendor’s options? How do you set it up? What are the vendor’s needs? What other offers do they have? What are their choices? that sort of thing. Also every purchase is different with a different vendor or agent or both

Oh, quite. Am paying landlord 2-3 percent yield to rent an 800k property.

Am purchasing in NZ instead and getting huge yields and CG’s. Income from NZ is more than paying the rent on Sydney home. If I had put the deposit down and bought the Syd property instead I would be broke, stressed, overworked and maxed out in a market where prices are…[Read more]

Fabulous, and God Bless our property managers, running a professional business, acting as our eyes and ears in the market. I could not invest as I do (in various locations all over NZ) without them.

As far as I know vendor financing (either entirely, or even just leaving 20 percent in the deal) is as old as the hills in NZ and predates the term ‘wrapping’ by decades!

Re: Richmastery,

“few of them have the negotiation power we do (currently we act for 46,000 active NZ property investors). ”

Hah! Good try!

Well, I am one of the 46,000 on their list (and how special that makes me feel, NOT) and though I am *definitely* an active NZ property investor,
richmastery don’t ‘act’ for me. We don’t ‘act’ for our…[Read more]