dave there are still good deals to be made even in a flat market, as Robert Kiyosaki said “the profit is made when you buy not when you sell”, so buy below real value and your a winner. Its long term as Yack and Ret have said. So where will prices be in 10 yrs (hopefully for investors not first home buyers) they will have doubled…[Read more]
i hate going away for a night because when i come home the remote has always disappeared. it sometimes takes hours to find it, but its important so i don’t rest till i have that little fella in my hand.
bye westan
I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database…[Read more]
as a very rough estimate i do about $40 pw for all expenses (not including interest), but this is just a guess because if it is a unit the you have body corporate fees which can blow out the figures. i’d prefer to look at each individual deal and see the figures. Sometimes rates can be a lot higher than expected, i’ve found this in…[Read more]
i’ve managed properties myself and it’s areal hassle, not worth it in my opinion, think of the worst senario, do you want to deal with it or would you rather have someone else. i’ve managed a property 30km away and put in anice single mum, but she got back with her drug selling husband who caused heeps of problems, i had the…[Read more]
i’ve been saying this for months, i feel the market is topping out in Australia so i’ve been sold half my portfolio over the past 6 months (sold about 14 properties). So i’m cashing up to make the most of other opportunities. while i believe interest rates will not go much higher…[Read more]
it’s not for everyone but get on aplane nd come over to NZ, there are still great Cash positive deals here. I became so discouraged with the opportunities in OZ i moved here 4 weeks ago.
Deal returning over 10% are common but like australia a few years ago the opportunities are less and less everyday. i noticed in july when i first…[Read more]
Yack, i suppose we have to do what we feel comfortable with but by adopting your approach you have missed out on some incredible opportunities. properties in regional cities/towns have been fantastic to me. i’ve mentioned a number of times on this forum that in 1996 my net worth was only 25k and my income was about 30k per annum, but…[Read more]
as bear said i bought there in 1997 sadly only bought 4 the most i paid was 24k for a semidetached (i did buy undervalue because in bought straight from the Govt, now they auction), So nchattaway can there be any more capital growth in Elizabeth? It has had an incredible run. As far as the cash flow it will not be cash…[Read more]
if you are worried about areas ask property managers thay are usually unbiased and will give you there views on areas. I often ask if vacant houses get vandalised if they do i walk away and dont invest, its not worth the hastle.
You asked whats NZ like, Well its very Hilly and people can’t talk properly they keep saying “fush and…[Read more]
Mini doesn’t need anyone to stick up for him/her but i think you have missunderstood. there is no Ego problem with Mini.
secondly you would be shocked if you knew what some investors were doing. Many are placing offers on properties which are way overpriced. Many aren’t doing any due diligence. You shouildn’t be supprised Aussies are…[Read more]
i don’t live in Mildura so perhaps others can explain more than me.
but some possitive for Mildura include the new Marina that is being built, this will add to the attractiveness of Mildura as a retirement/holiday destination.
and also the Solar Tower across the boarder in Buronga Wentworth Shire will be a billion dollar project (if it…[Read more]