Thanks for the advice and cautions. We will only proceed if and when all due diligence has been done and I suspect that will mean that we hang back for a while. Putting some time in between an emotional decision and hard reality often reveals the folly of the former!

Why is this so? Other major cities in the world regard inner city locations in a very favourqable light. How is it that in Sydney, Pyrmont and the CBD are considered bad risks for banks?

Thanks for the reply, Nobleone. Since you seem to have had your NZ investments for awhile, what would be your advice in today’s market – are you still investing there? You say you have a trust and get finance from NZ, is the tax situation in Aust negating any profits you make in NZ by bringing the profits back to OZ? I am asking lots of tax…[Read more]

Hi
We have just returned from a property fact finding trip to Queenstown , New Zealand. We arrived home tonight so this info is current. There is no doubt that real estate investing is easy and relatively tax free in NZ compared to Aust. BUT there are some problems associated with cross Tasman investing:
1. The NZ interest rate went up to about…[Read more]

Thanks Terry, helpful advice. I have just read Steve’s book “0 to 130 properties….” couldn’t put it down! It is just what I need in terms of preparing an income after retirement. The only trouble is, positive cash flow is so hard to come buy (as has been mentioned many times on theis forum). The strategy to rent the present PPR and downsize has…[Read more]