Hi all

SIS i hear what you are saying but i disagree, that hasn’t been the situation recently, town of say 2,000 to 100,000 have not only been cash positive (up untill recently) but have shown massive capital growth. even more growth that Melbourne and Sydney. i have many properties that have doubled in valuie in the past 12 months that are in…[Read more]

marky mark

i started using 10,000 as my rule, but soon realized that 5,000 and sometimes smaller was not a big risk. the Town i lived in untill 2 weeks ago had 7000 and rentals were always in demand.

regards westan

hi all

sorry i should have mentioned i’m talking about towns in Vic. of at least 5,000. not saying that smaller towns are bad but everyone needs to be looked at on its own merit.

regards westan

i don’t think the tenancy thing is a problem in Victoria, certainly not my experience

westan

also ask the property managers how many vacant 3brm houses do they have on there books, and how long have they been vacant ? and why are they vacant, sometimes it’s because they are dumps.

westan

hey Muppett

i didn’t realize NZ still wants to be a state of Australia.

hey and just for the record i was with you on Gold and silver, not that we can talk stocks but i’m holding IGOO up 400% in 6 months and RED up 200% in 2 months.
soon i can buy the rest on NZ[]
westan

hey guys

can i join in also i’ll send a pic to you PG,

back to the original topic “reality is for people who can’t handle the Net.”

this was what one of my old mates used to say about drugs in my long gone dark past.
hey it was hard being without my computer for 4 weeks while we shipped it over to NZ[8]

westan

welcome to the forum pricey

yes, you are right enough rate rises will turn a cash positive into a negative one, but think of what happens if rates go down, your profit goes even higher. if you own one or two properties i wouldn’t be too concerned of rate increases, but if you owe a lot then as the guys have already said lock some rates in just to…[Read more]

hi all

yes i use my card for all payments also.

hey SIS would you like my wifes card it has a 7000 limit, your welcome to it. Just pay it off and its yours[]

i read a while ago that we should try carring large amounts of cash with us because it changes the way we think about money, normally i don’t carry cash so i tried it for a while carried…[Read more]

hey anubis

there is something we own, judging by the activity of aussie investors we own half the real estate in NZ[^]

regards westan

hi gilad

the demand for rental properties in regional cities and towns in the markets i know, Vic and SA, is very strong (probably lower vacancy rates than the city).
there has been a major demorgraphic change recently with many people moving back to the regional areas, no days regional cities all have Universities and small towns offer a…[Read more]

hi all

yes i think we all agree that anything near melbourne is purely a negative geared proposition, and the only way to make money will be through capital growth which may not happen for a few years. even regional cities and towns are experiencing the same thing (not the situation 12 months ago). it would take a brave man/woman to invest…[Read more]

hi all

deano i was in Dunedin last week, rents are increasing again this year, Dunedin has a population of 100,000 plus 25,000 students. i was talking with my rental manager in Dunedin this morning (my tenant has moved out). she said the demand has been quieter this year for student rental for some unknown reason??? the school year for Otago Uni…[Read more]

hi all

yes i’m disgusted by the sportsmanship in that game. he should have been banned for life, wasn’t it terrible the way that kiwi batsman threw the bat away after young trevor’s delivery very unsporting. yet all the attention is on our champion Greg Chappel, he wouldn’t have thrown his bat.

westan

hi ken

good question
generally i like to put 20% deposit into a deal. the return i get on this deposit must be 25%, i don’t factor in any future capital gains (they are a very nice bonus), because that is just guessing.

what are others after?
westan

Hi deano

welcome to the forum

the market has moved up a lot in NZ recently and good deals are hard to find, some towns where i was buying 6 months ago have virtually run out of cash positive properties. New properties are comming on the market all the time you just need to be knowledged up about areas, take the time to visit the place, you…[Read more]

Hi all

well Muppet i knew you would have fun with this story. Wasn’t it an old Kiwi PM who said years ago “every time a kiwi moves to Australia is raises the IQ of both countries”[] very clever.

i can tell you all, now that i’m living in NZ, that the Kiwi’s are just as dumb as us Aussies.[:p]

Hey Muppet, why do you guy’s keep talking about Greg…[Read more]

my goal is to be free from the need to work so i can spend my life doing what i feel is important to me.

westan

hi mcollins

the name of the game is to have your property rented, 80% of your properties vacant is a huge problem and could send people broke. it is up to you to make sure that your properties are tenanted. i knew a guy years ago who owned 50 properties but he didn’t maintain them, first the rents dropped then he got bad tenants who didn’t pay.…[Read more]

hi bassla

in tas there are some area’s atht are real bad, clarendon vale is one area, so check it out. vacant properties get trashed and tenants can cause problems (i know, i used to own one there for 4 years and it never got any better).
how about make an offer subject to finance/ building inspection or whatever, give yourself time to do all…[Read more]