Hi Marissa

before i left OZ someone mentioned to me that Elders has a very cheap insurance plan with landlords insurance included. I haven’t had the chance to email my stuff to them for a quote but over the phone it was very cheap.

regards westan

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

Hi shirl1978

there are such things as no money down deals, (i’ve never done one), use “search” on this site and i’m sure you will find something. There are lots of American writers who promote these types of deals, one idea is you can ask the seller to keep some of his money in the deal (ie 20%) so you only borrow 80% from the back. Or else you…[Read more]

Hi Misty

i used to live in Stawell (Vic) for about 7 years, i would be a bit concerned about some of the tiny Wimmera or Mallee towns. My strategy was to buy in towns over 5,000, but little towns like Nhill, Dimboola and so on have been good investments for those have bought there. Personally i wouldn’t be a buyer in the market today- but hey i…[Read more]

Hi 7

sorry moderators for bringing this post up again, i knowe no share stuff. try hotcopper also, But one word of warning. Unfortunately a lot of people use these types of forums to ramp up stocks they already own. It is possible to promote some small stocks through these types of forums and move the market. During the dotcom days people would…[Read more]

Hi Flanno40

i think you are on the right track, as this is going to be a huge growth industry with the ageing population we are having. For what reasons did you friend warn you off ?
i can only guess it has to do with the more hands on you need to be with something like this as it is more of a business than a passive investment ?

regards…[Read more]

Hi Mr simba

also call as many property managers as you can they know their stuff (usually) and are more than happy to tell you what they know. They are the experts on the market and often set the price.
Good property managers are happy to do inspections and make comments on the demand for that particular home and give rental estimates.

regards…[Read more]

Hi Diane

I’ve used the stategy of buying where wind farms were planned on the expectation that i would see some capital growth. I purchased 2 homes in Millicent SA, one 15 walker st i purchased for 53k in 2002 and sold it for 93k 12 months later. (its probably worth more now but i’ve invested my cash in nz and am very happy). The other one 10…[Read more]

Hi peter

the other have covered tyhe lease issues well, i would add be careful with them as they set the rate every so often on the current land values as the land will be valued at a higher rate big increases could in in the pipeline.

In regar to finance in NZ you will be best to go through a NZ based bank (as opposed to the australian office)…[Read more]

Hi Guys

Rod as far as my tax stuff, i was living in Oz when i started investing in NZ (as you know) i’ve reimbursed myself from profits in my family Trust and will claim it as atax deduction.

As far as Fordlands goes i’ve mentioned often that fordlands in Rotorua is a no go area for some managers. Having said that if you go through the area you…[Read more]

Hi Fnomna

i would take the selling your property option. I’d then reinvest that money in a home that was showing a higher return or invest the money somewhere else for a better return. I even rather have the money paid off your mortgage than in this IP which is costing you money. The property as you have said will give you tax free money if it…[Read more]

Hi Gerard

you would need to check with the state that you live in. In some parts of Australia i believe it is not allowed (can’t understand why). The other thing is you need to make sure you don’t get a kick back from the seller as then you would need to have a real estate license i believe ???

all the best with it

regards westan

I live in…[Read more]

Hi all

one other option is landlord insurance, this is nicely priced and will insure you against tenant rent default and any damage they do. Good policies will cover loss of rent till the property is relet (providing the tenant was on a lease).

regards westan

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

Hi all

thanks to all who contributed to this thread. One thing i’m sure we all agree is this property game is far more rewarding financially than working a 9 to 5.

regards westan

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

Hi Muppet

congratulations on another great victory over the old enemy. Those NZ girls are really taking the game and showing their supremacy. Australian netball will not be impressed. We aussies hate being beaten by the Kiwi’s as much as you kiwi’s love being us.
a rubgy win would really cap off the NZ sporting calander, bring it on.
I hate to…[Read more]

Hi Muppet is netball an Olympic sport ? the silver ferns would obviously be red hot for a gold if it is.

regards westan

Hi all

oops sorry i foret who i’m going for sometime OZ or NZ. I just like to back a winner. never mind with the Olympics ahead, i’ll be right behind the Aussies. Hey Muppet are we (NZ) bothering to send a team ?

Kay i thought she sang the anthem the way all aussies sing it. Do you really know all the words ? i don’t [blush2].

I’m having an…[Read more]

Hi all

henry thanks for your story well done.

Hi Jason well done also (but it wasn’t a property story) but well done anyway.

regards westan

Hi guys

To answer this question we need to ask what are you hoping to achieve. Is it cah flow, capital growth or a blend on both?
Having said that
it’s not a far question to ask which is better the north or the south. The market isn’t that simple. Some areas like Wanaka, Dunedin, Nelson which are all in the south have had some of the most…[Read more]

Which is better Victoria or NSW ? why ?

sorry- see how difficult this question is. I’ll attempt to answer it later, i have to run.

regards westan

Hi gatsby

it’s even worse for me i’m in Nz so we are 2 hour ahead , so that 2 hour later. Yes it would be good to see Hewitt regain his form.

regards westan