It looks like I am the only Warriors supporter here. They’ll be back.

Andrew
http://www.rentmaster.co.nz
Software for Landlords

Hi sbhjain

That is not an easy question to answer. There are a lot of variables.

You have to consider where you want to live, and what standard of living you want to live in. A quote I quite like is to ‘buy a house for yourself which is the cheapest your ego can allow’. A cheap house for you means more money to invest elsewhere.

Property…[Read more]

I have not done wraps myself but yes I believe they are legal, and no they are not very popular.

Andrew
http://www.rentmaster.co.nz
Software for Landlords

There is a free spreadsheet available from

http://www.rentmaster.co.nz/propertyinvesting/propreturn.zip

This was actually written by another forumite but I cant remember who it is. Whoever it is should feel free to take credit for it.

Andrew
http://www.rentmaster.co.nz
Software for Landlords

3 weeks rent free per year? That sounds quite generous.

This reminds me of another idea I read somewhere (I think Graham Fowler wrote it). If you have some spare cash and want to do a bit of a makeover, and you have a good tenant, then you contact the tenant and tell them you have $500 to spend on the house, and how would THEY like you to spend…[Read more]

Maybe Westan is referring to the lignite suppliers in Southland. Go to google and do a search on lignite Invercargill. But I too would be interested to know what else there is.

Andrew
http://www.rentmaster.co.nz
Software for Landlords

I dont think people will leave the cities either. That is where the jobs are, and that is also where more of the jobs are being created.

Market forces will take care of themselves long term. If home affordability goes too high, it will be un-sustainable, and will come back down again. There are only so many people that can afford to purchase…[Read more]

Hi guys.

I am from West Auckland, New Zealand.

Andrew
http://www.rentmaster.co.nz
Software for Landlords

Originally posted by Richmastery:
Still in School..

Aren’t we all. The beauty about life is that it is a continual learning experience. No one man ever knows everything. Which is why we visit forums.

Andrew
http://www.rentmaster.co.nz
Software for Landlords

Here are a few rent increase tips for starters.

– Furnish it
– Add another bedroom
– Subdivide the section and add another new house.
– Add a granny flat
– A suggestion from someone else is to offer the first weeks rent free, in exchange for an additional $10 per week. The tenant saves on some up-front costs, but looses long term.
– Just paint…[Read more]

Hi busta_

I dont want to sound like doom and gloom, and it is not answering your question, but it sounds like you are over-extending yourself.

I suggest you work out how much you can afford to pay back before getting a personal loan and finding the rent does not cover your mortgage and loan expenses. If the calculations work out, then go for…[Read more]

Hi Mattn

A bit outside the square, but have you considered investing back into your own business? If it is making good profit now, then maybe there is opportunities to make even better profit by investing in marketing or expansion or something else. I dont know what your business is, or if this is an option, but thought I would mention…[Read more]

Invercargill could be an interesting case study.

Prices have been going up a lot recently, mainly due to out of town (and out of country) investors. Much like Tokoroa. When the next slump comes, it will be interesting to see if those gains will be sustained, or if they are in for a bigger than average correction.

With the introduction of the…[Read more]

Hi bacchu

The phrase goes ‘location, location, location’. i.e buy the worst house in the best street.

However I think that might be a bit simplistic. You have to live in that worst house. But I think for long term capital gains, location is best. They are not making any more land. Maybe you can extend the house later? But you also have to…[Read more]

If you are looking for property finders in Auckland, you might also like to try http://www.hybridgroup.co.nz

Maybe I am missing something. How does having lots of clients mean you can negotiate a better price? Maybe the bulk purchasing of apartments? But if I was selling a house, would I care how many clients the buyer has and change my price…[Read more]

Hi Agile

If you listen to the ‘experts’ over this side of the Tasman then it seems that prices are going to drop in the near future. Prices are still going up, but slower than before. The BNZ economist even suggested prices will drop 10% over the next 2 years. Interest rates have been going up recently over here, and the speculation is that…[Read more]

Hi

I have not been back here for a while. The place still looks good.

I have been reading both NZ magazines on and off recently. I agree that the NZ Property magazine has big font and large pictures and headings with the occassional article, but it is independent and the December edition especially had some good content.
The KPI magazine is…[Read more]

Rental returns on these inner city apartments are apparently very good. But the biggest concern for me would be the over-supply. But they have been saying there has been an over-supply for quite a few years now, and new ones keep going up, and people keep buying them. Could be worth…[Read more]

Well done once again Fudge111.

The new spreadsheet looks good. If you liked the last one, you will want to have a look at the new one.

I have updated the link to point to the new spreadsheet. The link is now
http://www.rentmaster.co.nz/propertyinvesting/propretuen.zip

FYI – Between 1 November and 9 November the last spreadsheet was downloaded…[Read more]

Hi Muppet.

Thanks for reminding me. The NZPIF offer has just expired. However if I receive an order in the next 10 days at the discounted price I will still accept it.

Andrew
http://www.rentmaster.co.nz
Software for Landlords