Hi Paul

You said:
That is a great article to summarise this industry. Cheers Muppet made my day

Thanks for that. Just trying to keep our Australian cousins informed about the play in Auckland.[biggrin]

I know of some Australian investors who have bought between 120 and 140 apartments in Tokoroa.
No comment at this stage.[bonjour]
I don’t think…[Read more]

Hi Dave

The Local council is usually the best place to start..

However try asking the question on http://www.propertytalk.com which is a NZ based forum.

Regards

Join us at http://www.propertytalk.com

Hi Paul

You said:
What both of these places have over other towns like Tokoroa (which for the record I would not touch with a barge)

Ummm, what is the problem with Tokoroa?

A group from Australia have recently bought a large number of units in Tokoroa.
I wonder what they know and everybody else doesn’t if in your eyes you wouldn’t touch Tokoroa…[Read more]

Hi Grossrealisation

New Zealand’s biggest and most popular property forum is at http://www.propertytalk.com.

It caters not only for those investing in NZ but for other parts of the world as well.

Regards

Join us at http://www.propertytalk.com

Hi Hirirose

Opotiki is a typical small NZ town.

It has a river flowing very close to it.
Close to the ocean.
Population of about 4000.
Serves a large country area which is mainly bush and forestry, kiwi fruit orchards, some dairy farms and sheep farms.
Areas along the coast line near Opotiki are being developed for housing.
Rents bear no…[Read more]

Hi Pradeep

What has the Gold Coast to do with the Kiwi Property forum?

Regards

Join us at http://www.propertytalk.com

Hi Pete

The latest news on interest rates in NZ from the goodreturns web site:

Floating rates to remain up
Weekly Home Loan report: The prospects of lower floating rates have been pushed further into the future.

Tuesday, 20 September 2005

By Janine Ogier

The Reserve Bank quarterly monetary policy statement proved to be a “steady as she goe…[Read more]

Try http://www.interest.co.nz/mortgages.html

Regards

Join us at http://www.propertytalk.com

Hi

I suggest you use the search function and look for postings by Quiggles as well as the USA.

Also do a search on Somersoft for the same thing.

Quiggles has made some very interesting postings on his trails and tribulations of investing in the USA.

You can also PM Westan and join his mailing list as his team is already sourcing property in…[Read more]

Hi Luke

Please note that the biggest mill in Tokoroa that employs about 950 workers is not closing.

However another of CHH’s mill(the plywood mill) has closed one shift with the loss of 40 jobs. Some of these workers will be leaving Tokoroa and moving to Australia. There will still be 200 other workers continuing with the other shifts.

And yet…[Read more]

Hi Guys

Please be aware that CHH have at least 3 mills in Tokoroa.

1. Pulp and paper mill = 1000 employees. Most of the WORKERS life in or near Tokoroa. The MANAGERS life in Rotorua and Taupo and use company vehicles to come to work. It is this group that Graeme Hart will target NOT the workers.

2. A Plywood Mill = 240 workers of which 40 are…[Read more]

Hi Guys

The latest about Graeme Hart’s buying up off Carter Holt Harvey.

CHH sales possible after Hart completes review

01.09.05
Graeme Hart, New Zealand’s third-richest man, plans a “comprehensive review” of Carter Holt Harvey after his $3.27 billion takeover bid for the nation’s biggest timber company.

Offer documents filed with the stock…[Read more]

Hi dohickey

The 40 workers laid off were at the plywood mill.
They were laid off because of a downturn in the Australian housing market not needing so much plywood.

There is a fair bit of uncertainty in Tokoroa at the moment as nobody knows what Graeme Hart will do with the Kinleith pulp and paper mill.

About 900 workers work at the mill…[Read more]

Hi Guys

Kathy, Property Manager at Harvey’s won’t manage houses or flats in certain streets of Tokoroa.

Regards

Join us at http://www.propertytalk.com

Hi Guys

Tracked down a newspaper item about the Labour Party’s housing scheme:

Labour vows first-home deposit help
23 August 2005
By REBECCA PALMER

Labour is promising to introduce an equity share scheme in which the government could provide first-home buyers with up to half the deposit needed to buy a house.

Housing Minister Steve Maharey…[Read more]

Hi westan

Is it 50% or 5% the Government may assist with?

I can’t see any Government in NZ contribute 50% of the cost of house.

Regards

Hi Westan

I get into PI a few times a day to keep an eye on this forum.

Propertytalk is keeping me very busy as well.

as well as several thousand in Australia and Asia,

Appears to be that a few thousand Australians are employees of CHH as well.

General feeling is that Graeme Hart(new owner of CHH) tends to hang on to his new acquistions.

To…[Read more]

Hi Guys

Latest news item.

Hart deal puts mill towns on edge

Graeme Hart’s $1.6b swoop wins control of Carter Holt.
18.08.05
By Mathew Dearnaley

Provincial New Zealand is holding its breath over an audacious takeover of Australasia’s largest forest-products conglomerate by this country’s richest man.

Former tow-truck operator Graeme Hart, who…[Read more]

Hi Guys

If you are looking to buy in Bulgaria then buyer beware:

Bulgarian Real Estate Market Shivers in Floods Aftermath

Business: 8 August 2005, Monday.

The real estate market in the areas worst hit by floods has seen a considerable shatter.

According to realtors as quoted by Investor.bg online edition, such natural disasters influence the…[Read more]

Hi Nigel

You said:
Because if everyone buys there you can certainly artifically inflate the values

This can apply to anywhere in the country.

Regards