Hi Chad

Rotorua is a major city by NZ standards with a population of 50,000. It is world famous for its thermal activity and a major tourist destination. While its economy is very tourist orientated the city as a whole is fairly working class by NZ standards. From an investment perspective there are some good buys to be made in Rotorua. However…[Read more]

Hi Brett

i agree with John, when you work out agents fees, stamp duty, capital gains tax the market will really have to drop to be able to buy back in at a better price.
Having said that as i’ve mentioned often here on the forum that i have sold about 20 properties over the past 18 months because i’m using that money to buy properties that will…[Read more]

Hi xxx

i was talking to a new solicitor today in Dunedin whose rates are the lowest i’ve seen, i haven’t used them but i will in the future.

email me and i’ll hand over their details
westanjohnson@hotmail.com
regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at westanjohnson@hotmail.com to join our database

Hi Steve

well its two hours since you started this thread and no replies yet, mustn’t be many renovators reading this arvo, perhaps they are still hard at it.

Ok my Golden rule is simple – make a profit.
yes its a bit obvious but its easy to get carried away and overcapitalise, or on the other hand fail to do enough checks when you buy and…[Read more]

Hi all

Jeff when i was last in Te Puke i found prices very high and could find deals showing 10%, do you feel they exist ?
Muppet that would be more great news if it is true for Wairoa,
(for Aussie Wairoa is not on the Bay of Plenty)
regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at…[Read more]

Hi Geoff

i agree with jeff and terry’s comments, but i see the Cash on cash return as my most valuable tool when i’m assessing a deal. But i need to ensure the % of my cash into them must be the same if i’m to compare deals. I always use a 20% deposit in the deal to see how it turns out.

regards westan

I live in New Zealand and for a fee find…[Read more]

Hi Geoff

if you aren’t putting any of your own money into the deal but are financed 100% then you can’t work out a cash on cash return.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at westanjohnson@hotmail.com to join our database

Hi Guys

i’d encourage anyone wanting to transfer money to at least look at the rates that you can get from ozforex site mentioned above, i saved hundreds by using them on a recent transfer. Its not just the charge (my was free because it was over 20,000) it is also the rates they give you for the dollar.

regards westan

I live in New Zealand…[Read more]

Shaun

this area is becoming NZ’s version of the Gold Coast, its one of the countries fastest growing areas. The beach at Mt Maunganui (part of Tauranga) is sandy (unlike most beaches in NZ) and is a tourist Mecca. they even have high rise apartments. Last time i was there (april)sitting in the sun on the beach i turned to my wife and asked why…[Read more]

Hi Derek and Yorker

Yorker if you want to mention areas then i believe you should be able to. But just put it on one post not all over the site like some have done in the past.

Also back it up with facts not just opinion, this will obviously add weight to your comments. I put post on often about are where i don’t own just because it is of…[Read more]

Hi wmcd

i’m using ozforex

look at http://www.ozforex.com.au

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at westanjohnson@hotmail.com to join our database

Hi kay

sorry i should have said that

Yes i’m talking about with a 20% deposit. As i invest for cash flow i have to go for high returns, but i don’t believe i buy risky properties (risky areas).

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at westanjohnson@hotmail.com to join our database

Hi Derek

i don’t really know you, but i appreciate the top job you and the other moderator do for us. Overall the standard of our forum’s moderation is excellent so thanks for all the time and effort.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at westanjohnson@hotmail.com to join our database

hi TS and Geo

thats an interesting deal TS, but you need to find out what the cost of the money (mortgage) will be, usually the banks will charge you more for a commercial deal. Also be aware that you may need to put 30-40% into the deal. Sometimes this can destroy what looks like a great deal suddenly look average. Obviously with commercial…[Read more]

Hi Brad

You need to be careful in Invercargill at the moment, rents have actually dropped in the past 4 months and unlike 6 months ago when the city had no vacant properties today the market, while still good, will not command the same rental as before. You MUST get a independant rental assessment on the property to assertain if in todays market…[Read more]

Hi Jo and all

yes Stawell used to be the Center of the Universe but there was a very slight shift in the cosmic forces and it is now in New Zealand in a Town called Balclutha, Pronounced Bal Clutha. Famous for its ………. HMmmmmm

bridge – yes it has a big bridge over a huge river called the clutha river.
check out the picture , its on the…[Read more]

Hi guys

Tink what a great story, well done, i hope your can achieve your goals, go for it.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at westanjohnson@hotmail.com to join our database

Hi all

hey while we are talking footy

did i tell you that Tim Notting comes from Stawell.

Gosh i’m starting to think it may be the center of the Universe

westan

I live in New Zealand and for a fee find cash positive deals there, email me at westanjohnson@hotmail.com to join our database

Hi all

yes Yorker we would have done very nicely witha purchase 2 years ago. One of the sunday shows had a profile on Dawin a few weeks ago. i missed most of it, did anyone catch it. All i remember was that the new rail link hasn’t quite been the boom that it could have been. but it may end up being huge, hope that makes sense ?

I live in New…[Read more]

Hi The hound

yes i own 2 in Dunedin and 2 in Invercargill

the Market is more expensive in Dunedin than Invercargill but i think it will give better capital growth. Invercargill’s rental market has turned a lot in the past 3 months going from very strong to softer. The market is still good for properties that are priced correctly and warm. The…[Read more]