Hi all,

I recently bought a duplex in Hawera and ANZ offered me 90% on it… I declined the offer as I didn’t want to get into mortgage insurance.

Yes, I’m an another Aussie investing in NZ. [baaa]

Cheers, Barry

HI Matt,

I have just bought 2 and am about to settle on my third in NZ.

To partially answer your questions… I think you’ll find that NZ investing is far cheaper with regard to set up costs because they don’t have all the mad taxes that we have in OZ.

Your NZ solicitor should be able to tell you all the details… Where are you buying? I only…[Read more]

Hi Gerard,

I was in your exact same position about 3 months ago… Read the books, applied the principles, couldn’t find anything that worked the 11 second rule that wasn’t beyond the black stump…

I now have three positive cash flow properties in New Zealand returning from 11.4 to 15.6% gross.

I know you said you discounted Mt Isa and similar…[Read more]

HI Mini,

Great to read your post it has put some butterflys in my stomach to rest… Waverly sounds like a good location… I am just waiting for my accountant and finance guy to get back to me… Once I make an offer and it’s accepted i will PM you to get contact details of your property manager… If you are happy with their service that’s good…[Read more]

Hey cre8iveQ… thanks for that stats site… got some good info there.

putting together all these great reaserch sites is I can see a valuable tool for due dilligence.

Hi Steven… I sent an e-mail to Westan on the 27th April… But no reply yet… he’s probably off scouring the NZ countryside for more IP’s [biggrin]

I will ask the same…[Read more]

Hey Steven,

Thanks for pointing me in that direction… There’s just sooooooo many things to monitor and check out it can be confusing for a newbie. [confused2]

Cheers, Barry