Hi Yorker

come on ![biggrin]

you have been on about this tiny little town called rosebery for ages, i know your not that stupid to be putting a post on the forum before you have bought.

How many do you really have for sale Yorker ?

oh for the record this is what the abs saysabout roseby
The highest rate of population decrease was recorded in…[Read more]

Hi yorker

i know in my part of the world its a great strategy, if people have got the time and the cash there’s good profits to be made. I’m getting too lazy these days to do the work myself but find i can still pick up homes where i can pay others to do the work and still make a dollar out of it.

For my own investing i’m looking for these…[Read more]

Hi somethingfishi

you are basically right you can’t do the deals that steve’s first book talks about. Basically the market had changed even before the book was published. Sadly i had to move to NZ to find deals as they were no longer around in safe markets in OZ.
I can’t remember steve saying that you should buy locally ? perhaps thats the best…[Read more]

Well guys

the finals hot up this week with the four best teams left standing.

Have the saints done enough to erase the memory of the Brisbane thrashing ? or will another quality side this time Port Adelaide hand them out one again? Can geeelong overcome the awesome lions ?

I still think we are headed for a Port v Brisbane GF- and what a beauty…[Read more]

Hi Martin

email me and i’ll supply you with some good contacts, but just remember that the solicior doesn’t have to be in the city that you are purchasing in.

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 madcat

also try http://www.realenz.co.nz

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

sorry to disappoint you but the NZ accountant doesn’t know what he is talking about. Sure the NZ stuff is correct but you will have to pay tax on the capital gains in Australia. This issue isn’t a NZ one, its an australian tax issue.

sadly there is a lot of missinformation by accountants because they don’t understand the complexity of…[Read more]

Hi karen B

like kay i’ve never done any wraps. all the properties i’ve bought in the past 7 years have been cash positive. However i haven’t bought any in Australia since about July last year because i couldn’t get the returns, since last year i’ve been buying in NZ because of the returns. I’ve sold about 20 properties (in OZ) over the past 18…[Read more]

Hi sue

thats some interesting observations and comments, i know people who have what i’d consider quality houses as investments and they have about the same problems that i have with my low income tenants. BUT there are some areas that are going to be worse than others.

regards westan

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

Hi Kay and

that is very interesting, i haven’t seen the story. I can’t deny his claims but i’d be suprised if they weren’t in the middle of nowhere. These deals aren’t available anywhere within 500km of Melbourne and probably Sydney also. As you know i’m a stong believer in buying cash positive but i realy wonder if that type of investing is…[Read more]

Hi Del

thats great that we are IP neighbours again first Stawell (Vic) and Horsham (Vic) and now Wairoa. I didn’t know you owned 2 there , well done. By the way i have sold all my IP’s in Stawell and have 1 left in Horsham (as you know there is nothing wrong with these areas i’m just looking for better returns).

Back to Wairoa, Price have…[Read more]

Hi Trisha

i know lots of good agents in Victoria, what areas are you wanting them in ?

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 Madcat

you will find that these types of returns (40k for 150 pw) are not available in NZ, this is a 19.5% return.
Jo i’d be very suprised if this was available anywhere in OZ also ??

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

well Richmond is very unlikely[angry2]

But i’ll go with Brisbane, we get the friday night game on tv here on Saturday morning and those Lions were AWESOME.

lets hope Port Adelaide doen’t destroy a good final series, they are a worry they just might create some head aches for the rest. i see a Brisbane – Port final

regards westan

I…[Read more]

Hi jayhayley

i just want to add some things to jo’s comments

to work out capital gains you work out the selling price less all selling cost- including agents commission and all legal cost. Then you take away all purchase costs, this includes the original amount you bought the property for plus all legal costs and any repairs you made to the home…[Read more]

Hi Kay

i’m sure the trees will be happy knowing that they will be turned into “value added” products rather than Pulp.[biggrin]

Yes a trees life aint what it used to be.

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

WOW muppett

that is good news, as you know i’ve been investing there for a while now and that sounds great for my 4 IP’s there. Wairoas been my little secret for a while, no more by the sounds of it.

On the downside i’ve been trying to get a few of our clients into properties there (Congrats for the ones who did), the days of getting great…[Read more]

Hi Gerard

i think these questions are better answered by an accountant. Unfortunatly the ones i know want to be paid for advice, if you want some contacts please ask.

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 karina

i’ve bought heaps of houses in housing commission areas (probably about 20 in the past 7 years), but your question is really hard to answer as some areas are fine others are very bad. local property managers will give you great advice.

i make it my policy not to buy the worst street in a town/city. Often they are good solid homes that…[Read more]

Hi sonya

i looked at Mount Gambier a few years ago and i thought the Housing trust areas were very average, and the property managers where reluctant to manage in those areas. I should say that i don’t mind housing trust areas and at that time owned 4 in Elizabeth. I decided not to buy in MT gambier and ended up buying 2 house in Millicent (which…[Read more]