Hi simon

interesting article, but at the end of the day it doesn’t affect any one here from being able to continue buying in nz, unless your one of the super rich- who are going buying as much of NZ as they can.

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

Invercargill is The South Islands third largest city (pop 50,000) and was famous as NZ fastest declining city. Luckily the city is back on track.
This last weekend i actually wrote up a two page report on Invercargill for our clients. Sorry i don’t want to post it here. i think Invercargill’s future looks good. The new freezers works…[Read more]

Hi all

yes Kay, see phil just the way i do it. By the way welcome to the forum.

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 Melissa

look into the FHOG, but you will need to liver in the property for sometime within the first 12 months. do a search of this site as there was lots of discussion that is now achived.

SuperTed, no i’m more than happy NOT being a moderator, who would want the hastles these poor people have to endure, thank goodness we have them they do a…[Read more]

Hi Phil

i think if you do the sums again you will be shocked at how much these properties are negatively geared, they are no where near cash positive.

also i think you have crossed the line as far as how much you can advertise on this forum, don’t be supprised if your post is gone very soon.

regards westan

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

Hi guys

thanks for all the thought so far.

John howard where can you get an appartment for $500 per week. I was looking at some timeshare in Wanaka (NZ) the other day and to rent the quality of it would be at least $2000 per week. Also you have missed to concept of timeshare many people have never even used there own as they swap them with…[Read more]

Hi super Ted

you can actually do something with 4k in property. I know of a house in St Arnaud Victoria that is an ex state house new carpet 1 year ago, new stove sold for 50kwith an existing tennant paying 120pw.

If you got a 5% deposit thats $2,500 plus costs you can make a deal happen with only $4,000.

With a larger saving say 11,000 you…[Read more]

Hi John

as Del mentioned just for future information (i’m not a moderator) but you aren’t allowed to post detailed info on shares on this forum. Many people here are active share traders but keep the discussion to property here.
Del i thought the same thing about KP’s advise on the FHOG, good thinking KP.
regards westan

regards westan

I live in…[Read more]

Melissa

i’d like to see you save a bit more , during this time read as much as you can about investing not just property but also shares. Join a local library and borrow, but buy good books. Don’t take supafreaks advice as while he may be right you can lose all of your money if he is wrong.

regards westan

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

Hi john

we have been down this path before- with talk about banks asking for revaluations and then asking for top up to restore equity in the loans. I believe that they can’t do it. Providing the loan repayments are being met it isn’t a concern. I suspect it is a bit of an urban myth that banks were doing this in the late eighties.
By the way a…[Read more]

hi Muppet

isn’t me either , my total holding in tokoroa the last time i counted them all was 0. Don’t think i’d be a long time holder in tokoroa, certainly not 130 of them. Muppet where did you hear some aussie has bought 130 there ? for his sake i hope he knows something i don’t about the place.

regards westan

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

have a great break Mel, thats a nice thing to do for the folks. By the way do you have internet access? It could be a long week!

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 and welcome back Simon

where did you go for a break ?

we spent a week in Queenstown (i live in NZ) and then to Wanaka and MT Cook then a few days in Timaru and home on Friday. We had to get away as we were having a new kitchen built.

Kids are back to school tomorrow.

regards westan

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

Well Done New Zealand and congratulations to Muppet and Co. You guys retain the Cup.
The best team deserved to Win, but they didn’t and the team that played best on the night won. Seriously what domination of the ball, how about sharing it a bit? you Kiwi’s are Ball hogs. At least when we got the ball we had a minutes play with it then were…[Read more]

Yes sonya

but WE are to blame we- let them get away with it. We don’t demand a level of behaviour from them, so they continue to lie and deceive. We get the politicians we deserve !

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

John
let me explain why often it is better to ride the ups and downs.
say you bought a home 5 years ago for 125k today you can sell if for $250K. Lets look at the cost to dispose of this asset.
selling cost Legal $1,000
agents selling commission $8,000 (guess)
so let say $9,000 to sell.
then you need to pay tax on $125k. No mattter what…[Read more]

Hi Bj

i recommend the BIG one, the Bible, read the first books in the new testament which is the stories of the life of Jesus. If you want something that will change the way you think you can’t go past this man.

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

we should demand and expect honesty from ALL our politicians

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 flanno40

i’d talk to the mate again see what he knows, it might just be the banks treat it as a commercial loan?

i like the idea, keep looking into it and let us all know how you go

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 john and yack

you may well be right. But remember that property investing is very expensive to move in and out of (unlike shares) which will mean that you are better to ride through the down period as by the time you sell and buy back again you maybe out of pocket, not to mention paying tax. You maybe aware that the market in the larger…[Read more]