Hi Western

Thanks but I have already worked that out. It does make it a little tighter for straight our investing. You need to look at apartment blocks or foreclosers.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

In the main cities in New Zealand there are still good investments to be found. The returns are still better than Australia and over a period of time the capital growth will be good. Frankly I do not care what the market is doing at present. If you buy for the medium to long term you will do well. I have invested a been in this business before the 1990 downturn. This is nothing compared to 1990. The ecomonies of both New Zeaand and Australia are sound. I agree with Western about Texas. Its a great place to invest. Not all people will feel comfortable investing so far away. I am now investing in Texas. I have a different view to some of you. I would prefer less cashflow but look at higher capital growth. Thats why I would never buy in Buffalo. To thoses of you who do. Good luck.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

Just a couple more points.

Your right KP you do not know anything about the New Zealand market. you tell where in an inner city area in a major city in Australia you can recieve returns of 7.5%-8.3% on residential real estate. The fact that you do not see the point does not make it a bad place to invest. The USA has a population of nearly 300 Million. Thats a lot of accommadation required. In terms of Westerns comments I have given my reasons for investing in Christchurch. I would like to ask you, why you recommend and buy properties in Buffalo. Even if New Zealand flatens out figures show that prices still go up well over a period. Given the high taxes and the lack of growth please explain your reasons

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

I arrived in Texas late last night. This city has a great feel to it. I am seriously jet laged. I am going bfor a walk and will be meeting up with serveral contacts here. My aim is to establish further contacts with property managers, accountants ect. Although I have communicated with a number of people I am not comfotable until I have met them face to face.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

Infact I am always happy to talk to people on this forum and people who have invested in the United States. I feel that since I tell people to research then I need to research ther market for myself. I am prepared to share that information.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

For the record we are spending a great deal of our own money on a large investment.I woud not ask anyone to purchase something that I would not purchase myself. Now I wonder if everyone has that attitude

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

Dear Don and Liz

I could not have said it better. If you are buying an investment for the long term then what happens in the short term does not matter. I believe that if you can recieve a 6-8% or higher return in a city like Christchurch it will provide you with good long term capital growth. I believe that a this point in the cycle it is dangerous to purchure purly to makre short term gains. I would stay away from regional areas and new apartment buildings in Auckland. I do not believe that there is anything wrong with Invercargal. I do not believe the growth will be great however it provides good returns and is safe.
My attitude is never to be black and white. Do the research. I must admit I very much like Christchurch as a city. I will be here in Christchurch for a week, I would be happy to meet with any locall property people. After that I am off to Texas. Just me I am not on a cowboy tour. I will ber doing my own research. Three of my colleges have already been there. Once we have done that we may assist others. But we will only do that once we have done all the research and are confident that there ill be no problems.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November

Prices are higher than they were that means you have to be more selective on where you buy. Unlike some people I do not buy in second rate locations. I and my clients buy good long term investments. Iagree that the United States offers good opportunities. I am there next week. But unlike you Western I will not be investing in Buffalo

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Property Researcher and education
One Day property investment research workshop just $290 Melb 26 November