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What market are you in? Rising, flat or falling? You will always be seeking more than the average of the market.
Hi Redfish,
We are currently setting up to purchase property in NZ. Specialists needed are a NZ solicitor & accountant as well as opening a NZ bank account, lending criteria will be different if you don’t reside in the country. It’s important that you get good advice on what structure you use as you could be taxed by both the NZ and Australian tax systems. The exchange rate fluctuations is a significant investment risk. Don’t assume that both currencies will always be as aligned as they are now. Cheers Romo & CiscoHi Liz,
It’s important to cut any losses quickly – 2 reasons for this – mentally it allows you to realise the loss & get on with it , secondly it allows you to take the money as cash and get on with other investments. Steve talks about the velocity of money ( as does Robert Kyosaki) – you want the money to work for you & when it is tied up in a loss situation it is not working for you. romoScotty, type in Real Estate New Zealand and your search engine will find everything there is. However, it is important to ring the local Real Estate agent as most of the good stuff has been sold before it gets on the web site.
romo & criscojavascript:insertsmilie(‘[blush2]’)
