Hi Nigel

You said:
Remember it is possible to oversupply an area with investment properties.

Interesting comment.

For there to be an oversupply of investment properties can arise when
1. the live-in owners sell to an investor and leave the district.
2. prospective tenants leave the district.
3. prospective tenants decide to move in with…[Read more]

Hi Rob and Jo

Have you done a search on http://www.propertytalk.co.nz as Tokoroa comes up reasonably frequently.

Location often dictates as to how fast a house rents out for.

Some streets are very slow to rent in. eg Marr Pl and other areas have waiting lists eg the Wai area or the North area.

For average rents in Tokoroa try this…[Read more]

Hi Loanwolf

You might have have more luck with your question on http://www.propertytalk.co.nz

Regards

Hi Min

Well said.[baaa]

It is happening on all property forums where newbies come on and ask the same questions and wanting instant answers.

It took me nearly 12 months of research and self educating before I bought my first IP.

Regards

Hi bruham

As someone said in another thread a 20% gross yield in the USA is the same as a 10% gross yield in NZ because of a different tax system in the States.

And the 10% deals are still to be found in NZ.

Regards

Hi Guys

Piggy said
does Muppet also get one for promoting your service or is he a friend

No I don’t get a commission. I have no desire to invest in the USA. I am watching with amusement the amount of interest being shown in the American market.

However I have met Westan and respect his integrity in the services that he offers. Many Australians…[Read more]

Hi Guys

Mabbot said:
It’s great that you’re able to help people find properties their but are you against offering anything for free.. like knowledge for beginners??

Westan and his brother Alvin have spent more than twelve months setting up the systems to allow them to find property for prospective investors.
These investors haven’t got the time…[Read more]

Hi Guys

How many coming to Tokoroa?
Anybody want a conducted tour of Tokoroa?

Regards

Hi Del

Matata, a little township of about 300, 24kms north along the coast from Whakatane was very severely hit by mudslides and floodwater today.

I think just about the whole town has been evacuated.

Flooding also in Edgecumbe which was hit last year as well.

Tauranga had a couple of days of very heavy rain. Several houses built too close to…[Read more]

Hi Guys

Location rules supreme in Tokoroa.

Our tenants left one day and new ones were signed up next day at an increased rental of $25 per week.

Heard tell that there is a vacancy rate of between 130-150 properties. Harvey’s is the only agency who is posting their list in the window.

Don’t know exactly why the vacancy rate appears to be so…[Read more]

Hi NZWoody

You could also check out http://www.empowereducation.com as they have a couple of articles in their library about wrapping in NZ.

Regards

Hi Aptam

In answer to your question: YES.

Posted same question on PT and replies were all the same. Everyone is apparently having trouble accessing realenz this weekend.

Regards

Hi Guys

Mini said
I *finally* got to contract a great yielding property in a suburb of a town expected to double in population within 2 years. (yes I have that in writing, but it is not yet published yet – but it will be!)

Wouldn’t be in the North Island would it Min?

Somewhere north of Taihape?

Regards

Hi Ayen

The web site you posted covers these towns
Cambridge, Edgecumbe, Huntly, Kawhia, Kihikihi, Mangakino, Matamata, Morrinsville, Ngaruawahia, Otorohanga, Paeroa, Pirongia, Putaruru, Raglan, Taupiri, Te Aroha, Te Awamutu, Te Kuiti, Tirau, Tokoroa and yes Tokoroa is listed.
However the average price shown in the graph is no reflection on the…[Read more]

Hi Guys

I am not selling any of my rentals. I am in for the long haul. Tokoroa is a very nice town and very central to much of the North Island.

The house next to one of our rentals was for sale for two weeks and sold for about $93k. We have just relet ours for $180/wk. The owner is renting his own house for $170/wk until he finds what he wants.…[Read more]

Hi Guys

Lots of houses are being readied for the next foray into Tokoroa.[biggrin]

Regards

Hi Guys

Had a chat with my favourite property manager Kathy at Harveys tonight./

Said she has let 12 houses in the last 2 days.

She let our house within 24 hours of us listing it with her and with a $25 per week increase in rent from $155 to %180 per week.
This shows that location is extremely important in Tokoroa.
What happened to our previous…[Read more]

Hi Ozi

Perhaps you need new glasses.[biggrin]

Regards

Hi Guys

Now living in Tokoroa, central North Island, New Zealand.
Am now mowing a few lawns for some of the Aussies who have bought up much of the town and cleaning houses when the tenants have done a runner.

Regards

Hi Beno

Council rates vary around the country and on the value of the land.

We pay approx $1200 in South Auckland and Napier.
In Tokoroa about $1100 per property.
However in Taumarunui or Te Kuiti rates are about $1600.

If you have lakeside in Taupo then your rates are between $3000 and $4000 per annum.

Regards