I work under licences and frankly I do not need to justify myself to a faceless person. You clearly do not know me because I have never been a property manager. I was a partner in a real estate firm in Melbourne.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

I think that before you make a decission you need to talk to a good broker and discuss your position. Look to what you can borrow and where to buy for investment. Then look at the shortfall and that will tell you what you can afford. In your position I would still consider an older style apartment in Elwood St Kilda, get someone in to share if needby or buy for investment. This will make much better sense in the long run because you should get much better capital growth than the point cook area. If you live in the Elwood st kilda area you get great lifestyle and provided you are careful with what you buy it should be a wise decision.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

I will be back in Auckland soon. My view is that there may be better areas to buy in rather than Auckland. I prefer Wellington or Christchurch. You need to establish a stratagy with what you are trying to achieve. Sit down and look at what you are trying to achieve and then draw up a plan. Im sure that Treve was great but remember that Steve plans his purchases carefully, thats why he is successful

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

Hi

It depends on a number of factors. Are you single, married have kids ect. The reality is that if you work in the city it is cheap to rent. In terms of where you buy you need to do your sums and see what you can afford. If you are wanting to invest in higher capital growth properties look inner city such as St Kilda and elwood. For 350 you will get a nice 1950s apartment near the beach and shops. The returns are normally under 5%. However I know someone running back packers out of apartments and that is dramatically increasing the rent. In my view be careful of areas such as point cook. Many investors have brought there and there could well be an oversupply of investment properyies.
Whether to buy or rent is a personal choice. If I was single and starting off today I would rent and buy an investment. In the long term it will a better buy, as long as you research ther market

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

The other point I would like to make is sure if you spend the money and purchase blue chip investment you can still achieve some great results. Most people that I deal with are after a good first or second investment property. In many cases in Australia they want something that will provide capital growth. The reason I like New Zealand is it gives a separate income stream to anyone who invests in Australia. I still buy property in Australia for clients and myself. What you do dazzling is up to you

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

That response does not represent proof

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

That is certanly true, a company like central equity has one of the largest rent rolls in Australia. The point that is being missed is that many of those apartments take Mirvac for instance where aimed at owner occupiers. They started even four years agop at around $550,000, with many being well inexcess of 700-800. Clearly you need corporate tennats. My point is that in a construction zone it is difficult at this minute to get the type of returns required to hold these long term

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

It is not a matter of canning the area it is a matter of timing. If you guys have owned property there for some time thats great. My point is that if you purchase today you are unlikly to get growth there for some time

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

please give me examples of what you are talking about

I am opened minded, and always willing top learn something new. If positive cashflow in the cities please tell me

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

the fact that the market has slown down means that it will be far easier to fiond good deals. Currently its winter not a lot of stock. As spring approaches then you will find good deals

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars