Hi Nguyent

it is hard to give you anything helpful but some comments for you. The Govt figures aren’t always accurate. For instance the Govt said Hobart would decline in population however it is actually starting to grow. However you do need to be careful with smaller towns and everyone is different. if its in Vic or SA PM me and i’ll see if i…[Read more]

Hi Kristen

sorry to hear you couldn’t find what you were after, what areas were you looking and what were you hoping to achieve ?

Sorry Yack your strategy of only buying in your own neighbourbood will cost you dearly in future earnings, why not buy good property with strong cashflow no matter where in the world it is. I’d be happy buying in…[Read more]

Hi james

firstly every thing you read has a bias. It is near impossible to not be.

Anyway lets look at your question.
Firstly i can’t see how on earth you ask the question will NZ property burst from that graph ????

Secondly yes NZ has had a great year with property rises 22% on the year till March the best in the world apparently.
However…[Read more]

Hi all

there was an interesting show on TV here in NZ on Sunday called 20-20, anyway the usual hype , talk to people in Sydney whose home has dropped by 30% blaa blaa, the point of the story was is a slump headed the way of NZ, Neil Jenman who was being interviewed said he felt unlike Australia prices were sustainable in NZ , he said in oz you…[Read more]

Hi Muppet

as usual you have all the info,

i suppose being a dentist or for that matter a university student doesn’t disqualify you for finding good deals.

regards westan

OK to be honest the only reason i put this message on was to get this to the front page, the poor old tigers need a bit of encouragement come you Yellow and Black supporters lets get behind them (and not with your knives).

regards westan
PS whose turn is it to beat us this week ?

Hi Hux001

i know the games was a few week ago but i spoke to my brother last night (he’s buying his first NZ IP) anyway he and his 13 year old son had a great nite , pity about the result , he loved to Medallion Room, a real treat for him

regards westan

I bet a million dollars that richmonds next flag will be without current coach Danny frawley. Drhappy don’t sell your self out just for money, “go port” no it just doesn’t work does it, I was enjoying seeing Port make it to the finals only to see them bundled out. lets all hope they make it to the semi’s again. Its nearly as much fun as…[Read more]

Hi all

i am of the opinion that they charge way too much for there deals which look average from what i see. Can anyone confirm or deny they use university students to find there deals ???
Mini is that true there contracts are unconditional ? WOW what is risk for everyone involved.
regards westan

Hi

i think Mel you maybe a bit harsh on R.K. , it may be scare tactics, which helps him sell a few books or it may also be an intellegent observation of what he is seeing happening. I for one see what he is saying everyday, people i meet and friends acknowldge that they aren’t financially ready for retirement.

I think what Kiyosaki is saying is…[Read more]

Hi Recoveryman

a friend of my brothers is staying with my brother at the moment comes from Geraldton if you want any local knowledge give me a call

regards westan

HI Guys

We all knew that the property market has been out performing the stockmarket, it was just some diehard stock investors (who see it as some sort of football game and they barrack for the stockmarket) who didn’t want to accept it. Perhaps i’m being harsh on them and they were just ignorant. They are the ones who would never acknowledge that…[Read more]

Hi ken

i reckon that knowledge is essential but the whole process can be short tracked. I’m a big fan of R.K. he has helped me (not personally but through his books) push my self look for opportunities and most importantly think in a new way.

I’m all for learning and doing things quickly but safely

regards westan

Hi Ken

i’ve just started reading Robert Kiyosaki’s new book “who took my money”, when i was reading it i was thinking of you or rather your question. i haven’t got too far into it but it may be worth a look as it explains getting there a lot quicker.

regards westan

Hi del

i’m selling my properties, ones that are only returning 8% are getting dumped. Obviously when i bought them they were returning better than 8%. But the way i see it is i wouldn’t be buying them with only 8% return so should i hold on to them ? no i say. So i’ll take the money and reinvest elsewhere , somewhere where i can get capital…[Read more]

Hi Di

one question need to be considered before a decision is made, most importantly what do you see as the potential capital gains for your IP ? If it is low growth for the next 5 years then i’d sell.
if i was in your situation this is what i’d do. Sell the iP and pay any CGT. that will give you about $120,000 cash to buy IP’s with. I’d then…[Read more]

My thought about NZ are- if you want to buy there, get it happening sooner rather than later. Being full time in the market in NZ i’m seeing the high returns disappearing before my eyes. When i first started buying in NZ about 12 months ago deals were everywhere, sadly that is not the case now. Many centers where i bought last year that were…[Read more]

hi Geo

i think that is a true story

certainly sounds like one anyway.

westan

hi guys

you can still find properties that are 100-150k easily in Victoria. But as far as cash positive goes not really.

Horsham for instance you can buy ex commission homes for 95k and rent at 155pw
Stawell about 75k and 125 pw
the La trobe Valley 95 for 135pw

So not cash positive but about as close as you can get in Victoria without buying in…[Read more]

Hi stelep

welcome to the forum,

can you do us all a favour and do a search before you post a question, often we get the same one over and over again.

hope you enjoy this place as much as the rest of us, there are some exceptional people here.

regards westan