Personally, I can’t see much relationship between the ratable value, and purchase/valuation price.

The plus side of having a low RV of course is that you don’t pay so much tax to the government!

Here’s an example of a property I own…

Ratable value
Land Value
(Sept 2003)
$2,000

Capital Value
(Sept 2003)
$30,000

Valuation done in September…[Read more]

Try http://www.lambertons.com for Lambertons.

Also, once you have four properties in your portfolio in Tokoroa, the property management fee drops about 1.5% for each of the properties, so it’s important to choose and stick with one company to get the break in management fees.

NZ Investor and BirdDog

There was a big property article in last Thursday’s Hawkes Bay Today (Jan 13) and it focused on the boom we’re experiencing at the moment, i.e. median house prices were $110K in March 2001 and had jumped to $195K by March 2004 and were at a record $236,500 in December 2004.

Rents and wages aren’t keeping up with these prices, and unless you’re…[Read more]

I lived in Canada for 16 years so if you want to email or post the locations I’d be happy to give you my opinion on them.

If they’re in a depressed, high unemployment area in go nowhere Provinces like Newfoundland or Quebec (there are always exceptions) where there are a lot of unemployed people and/or vacant houses, then I’d run in the opposite…[Read more]

dangermouse, I live in the Hawkes Bay and finding a + cashflow property for $50K that is liveable in a decent area is, sadly, a thing of the past. [glum2]I hope you’ve done your homework on LOCATION!

Cheers,
Vicky
vicky@vickyharris.co.nz