Forum Replies Created
Xenia,
While I don’t personally do NZ finance, I have contacts based in Sydney who I can refer you to if that’s more convenient. Otherwise Steve’s deal sounds pretty good rates subject to other costs.
Steve,
Have you got a direct relationship with a particular lender in NZ or is it a broker you use over there?Cheers, WM
Finding you smarter ways to finance your investments.
Hi Mini,
I’ve just joined this forum and am intrigued by what you are doing. Great work.
I imagine there would be a point when rising rents would slow down as people’s incomes don’t go up quickly enough to cover the annual increase. But you can be sure there’s a median income in any particular area that would give you an idea of what people can afford to pay. For instance, in places where you are buying properties for $40K, but the average wage is say 25K pa, then there must be some standard percentage that average earners pay in rent. Let’s say it’s $100 per week – that would be 20%.
Does anyone know what that percentage is? Because that would tell you the average rent for the area and you could set that as your conservative ceiling yeild. I guess.
WM.
Finding you smarter ways to finance your investments.
