I would also recommend Alistair Perry who is in Melbourne. They are also Town Planners very well connected and understand investment issues

His number is 03 9662 1999 or 0407 787 313

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

I have worked in the Property Industry most of my life. I find that when you study the market in Australia and New Zealand it is an all consuming beast. The more you think you kmow the more you need to study. I have made mistakes, however mistakes are how we learn. To me proerty is the best and safest invest. That is my view and my stratagy. I know other people who do well from shares. Personally I will only spend my money once I fully understand what I am doing.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

Everything is based on demand and supply. The problem with furnishing an apartment is that you actually limit your market. The sort of people who rent furnished apartments tend to be from overseas or interstate. Most of these people arrive in early January. Offer the option by all means but do not lock yourself in. Also offer other options. Is it air conditioned. Ask if they need anything. Then offer to supply the items for a better rent on a longer term. Do this rather than move ahead and furnish the property.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

I worked for a property developer from 1987 to 1990. The only good thing that happened in 1990 was that I got married. This is a walk in the park compared to 1990. I think people forget just how bad things were. The media are alsways negative. If you take a medium term view and you are after capital growth you will do very well over the next ten years. Like anything you need to be selective on where you purchase. That mainly comes down to common sense. My personal aim is to buy as much as I can over the next 3-4 years. For once we get another boom you will double your money. This is the best time in the cycle to be purchasing

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

Interest rates in the united ststes are still well below Australia. Who are you to assure anyone that intest rates will rise. Inflation in Australia is not under any presure. What do you base your facts

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

Dont you love these people. They spread doom and gloom without trying to explain there reasons. Firsly with the Sydney market the returns are down to 2-3%. Thats one of the reasons the investment market is falling. The exit fee is another. Interest rates in Nz and Australia in the medium term will either stay stable or move down. Even if they do increase it wont be by much. It is also clear that it is unlikly that rates will keep on increasing in the United States as the economy is hardly booming. It is also important to not that the Labour party in New Zealand are the ones that have brought in many of the reforms. Including GST and unlike Australia they removed many of there other taxes to encourage people to invest long term. Despite introducing a supernauation scheme at there last budget, it is unlikely that they will now reverse previous decisions and reintroduce a capital gains tax. Remember if my memory serves me correctly GST in New Zealand is at around 12.5% I think that they would be lynched if they tried to introduce new taxes. They also need over seas invesment. Like most Western countires they are also facing a major problem with funding the baby boomers. With no complusary Superannuation until now it is highly unlikely that they will now introduce policy to put people off saving or investing. As for the apartments in Auckland many off those investors are Australians who do not bother to do any research. If they did they would realize that you cannot get finance in $1000 down but it does hold them to the contract. If the values fall than many people may find themselves in trouble. If you want to buy in New Zealand stick to established property, I like family homes. These are safe and will always be in demand with tenants. Remember in New Zealand the tax advantages to new and old property is not that great and being no stamp duty there is no advantage to buying off the plan except of course to the developer.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

Although I spend most of my life resaerching the markets its people like steve who use there own money to trial different stratagies and markets. I find the best thing that I do is the research and neg deals. This is fun. Although I have not ventured to America yet. I do go to New Zealand. I find nothing more fun than arriving in a city and rapidly working the market out. Thats the buzz

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

Whenever you buy a new property you are paying developers profits. If you purchased through a marketing company then you were also paying $25,000 to $30,000 in commission. That said you should hang on. There isno point dropping $100,000. With the property in Southbank is there anything you could do to add value. Perhaps when the property is vacant you could offer white goods, air con whatever to increase the yields. In the medium to long term you will find the values will lift again. You stratagy for renos in Elwood and St Kilda is a good one.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

Kiyosaki is not the first person to come up with this theory. What they forget however is when most of this was thought up it was based on the premise that by the time the average baby bomer hit 46 there spending would start to decline. The reason being that 30 years ago most people would have children in there early 20s. So by the time they wre in there mid 40s there children were in the workforse uni leaving home ect. Today we are having children at a much later age. I am 42 and have 2 children under the age of 6. Clearly my spending has only just begun. Many in ther western world are in this position. Most figures indicated that by 2020 we will have doulbe the number over 65 and only a small number entering the workforce. The decade of 2020-2030 may be tough.

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars

The only thing you could do is invest in New Zealand where you will recieve positive cashflow and growth. You will need between 10-20% deposit. It may be worth looking at a separate income stream from Australia.

It is important however to do you sums carefully. Although what you buy will be positive you will have to fund the 10-20% deposit here

Nigel Kibel

http://www.propertyknowhow.com.au

Australian and New Zealand Buyers advocate
service and seminars