Hi del

yes i love the guys at Rotorua, they are fantastic, but i deal with the business banker and can’t direct people who are after only 1 or 2 properties too them , i think thay want at least 1 million loans from now on (or intention of eventually being that).

regards westan

I find +ve cashflow deals in New Zealand which I sell to other…[Read more]

Hi all

to answer the question where ia wanka

its where “willy wanka” and his chocolate factory is.

sorry its WANAKA in NZ near Queenstown and about the hottest property market in the world at the moment.

i see in today’s paper a town 15km from Wanaka is just about to undergo a major subdivisdion, effectively doubling the size of the…[Read more]

Thanks steve

regards westan

I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to westanjohnson@hotmail.com

Hi Muppet the Aussie girls were too good for the lasses from NZ again.

i was driving around with the family tonight, we boughtan icecream and went fora drive. we come across a touch footy competition there were hundreds of people playing. As an aussies rule boy this new sport (forme) touch footy looked fun.

Tally
NZ 16
Aust 9[]

PS watch out PG…[Read more]

Hi Steve

one thing i’ve found over here (in NZ) is the banks are happy for me to get the valuation (in fact they ask me to get it). It’s a great document to have, will your financier let the buyer supply the valuation ? also i think $500 for a valuation is about$100 more than if you got it yourself.

regards westan

I find +ve cashflow deals in…[Read more]

Hello muppet and sports lovers

i here that the aussie girls beat the lovely kiwi girls in Cricket so thats a point to the aussies.

my tally
Aus 8
NZ 16 racing ahead after the softball win

Hey guys in oz did you know the world cup of softball was on ?? it’s played by Guys.
it wass huge over in NZ. anyway Muppet if our star pitcher (trevor…[Read more]

Hi Midas

welcome to the forum

well that’s the difficult question we are all asking, personally i haven’t bought in OZ since about April and have actual;ly sold 1/2 (about 12) my oz properties, i didn’t do it because i thought the market was about to collapse but because i was persuing some other great capital growth/positivecash flow deals. Its…[Read more]

Hi fafsky

good luck with your endevours, i started in 1997 with only 25k and bought 10 in the first year,admittedly the most expensive was only $33,500. So i hope i can help.

it is difficult because the market isn’t moving up anymore (well not when i left Oz in Dec), but it wasn’t moving up much at all in 1997 either.

here are some tips
1. buy…[Read more]

Yes good point Del and also i found some real cheap properties i picked up last year for 23k i had to pay 10k towards my loan so thats nearly 50%, nearly not worth even getting a loan. Kiwibank bought in a rule the deposit must be 20% or atc least 10k.
regards westan

I find +ve cashflow deals in New Zealand which I sell to other investors. To be…[Read more]

Hi Xenia

In NZ you must have at least 20% deposit, so where this come from is up to you. but it can’t be the security of an OZ property. One way is to refinance the Australian property so you get access to the cash yourself then use this cash as the 20% deposit. Once you pay the 20% deposit the NZ property is enough security for the NZ banks.…[Read more]

ret

Ret, i’ll leave yours to someone else, i am the wrong man for this question i chose not to buy in Ascot Vale (Melb) in Aug 2002 because i thought the market was too high then.[] (but i did buy in other areas that increased probably more).

Houses only your hot with the calcultations []. it is an interesting point because if it goes up 100% it…[Read more]

Hi toystory

i can’t help with that one but before i left Oz someone told me that the Landlord insurance through elders was very competative in price. Unfortunately i never got around to getting a quote before i left, that’s another thing to add to the jobs to do list.

regards westan

I find +ve cashflow deals in New Zealand which I sell to other…[Read more]

Sorry Houses

i meant to say yes i agree this frenzie in australia is a real big one, we are in unchartered territory.

westan

I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to westanjohnson@hotmail.com

Hi all

housesonly, i’m not sure what the definition of a bust is, but certainly not 10%. the stockmarket moves up and down by that amount every year and its not a bust. If the market went to 3000 points unless it happened overnight it would never be considered a bust. Likewise a 10% increase in my opinion is not a boom. i don’t know if there is…[Read more]

Hi houses only

yes i know what you are saying but remember that your example didn’t actually happen inMelbourne because propertyies purchased at 167 in 1989 only went down to 152k yes still a drop but no were near 28%. Sure the occasional house this may have happened but the Median price was only down 9%. remember that if some went down by 28%…[Read more]

I’ve seen the way Chinese drive (i’ve got chinese friends) they need all the luck they can get.
Pisces, in Victoria about 6 years ago there was a very publicised death of a toddler Jaiden leskie. the house in Moe that we was taken from went up for sale a few years after that and to my surprise sold for a very good price (for that time).
My wife…[Read more]

Hi all

it’s good tosee the health discussion taking place.

Like Pisces i have trouble with House only comment about a bust,

While stockmarket go up and down 30% is common this is not the case with property. First of all there is not one market but many markets in real estate. So it is not really correct to talk of the market. but overall the…[Read more]

I had a dream once with this number 7. It was flashing 7 7 7. The next morning i went and put a large amount of money on horse 7 in the 7th Race.
Guess what.

yes, the horse came 7th

westan

I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to westanjohnson@hotmail.com

Hi Purple kiss

i think chinese consider the number 13 as lucky !!!!

i’m not superstitious so it would never bother me number 13. But enough perople are, so maybe it would effect saleability ?

Just looked up i’ve got 27 houses and none number 13 but 3 that are 15.

regards westan

I find +ve cashflow deals in New Zealand which I sell to other…[Read more]

have ag reat one kay. but while your gone i’ll be posting heaps to get back above you on the post tally.

all the best
westan

I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to westanjohnson@hotmail.com