Hi Erin

as far as expected capital growth, if you had asked me 3 months ago i would have said continued slow growth. However somethings have changed recently.
Firstly the RBNZ has continued to life interest rates even though it was already the highest in the developed world. Personally i think the rates will end up coming back in the next 12 months but the RBNZ makes the decision not me. The economy over here is doing very well and therefore his thoughts are he must slow it down (no doesn’t make sense to me either), why not enjoy growth and the prosperity it brings as long as its not out of control and it clearly isn’t. (enough of my soap box).
2. Most of NZ has had great growth recently, however not as large as Austrlia’s growth.
3. Immigration has been slowed. Imigration has been a real neccessity for the country and helped drive housing demand it is now slowing.

OK so given these three factures demand for housing in NZ has slowed greatly and now we are starting to see a flattening of the market. I see this as a healthy thing.
There are still areas of NZ that will continue to show capital growth and the wise investor will try to find these. It has been a personal startegy of mine to buy in areas that are having something happen that will drive up the demand for housing , something such as new industries etc. I’d say look for these types of possibilities.
But there are areas that will not grow and may even decline, most of the talk of a market in decline is around areas of Auckland especially the new unit market.

hope this help a little
Muppet i’d be interested in your thought on this topic.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

Yes Kay

good comeback there[][dazed][dead]

i give up you win.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

Hi Jo

actually i made a mistake and meant to say Mildura as that is the Topic of discussion here.

But while we are on Portland, yes it has had years of decline BUT

Look at what is happening in the future
firstly the Mineral sands projects in Western Victoria, needing to be shipped out somewhere which will be Portland. ( plus The decline of Melbourne as a Port as the Ripp to too shallow for many of the super boats being build today). so we have increasing use of the Port due to mineral sands projects.
Possible Synthetic Rutile processing plant (maybe at Hamilton?). If it proceeded it would be a huge 200 hectare site, and be a $500 million project. It would be the center of Illuka’s world rutile production. Portland is keen to see this development in their City should it go ahead in about 2008.
Potential $1 billion pulp paper factory to be built between Portland and Heywood 1000 jobs (10 years away). Government is currently looking at potential sites. This project would be of a world scale.
Plus the increasing tourism of the region with the new discovery center and tram,
plus the ripple effect of the Sea change having reached Portland,
Plus the Wind mills being build and the commponent being constructed at Portland (and maybe ones in the future).

the rental demand is already strong in portland

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

Hi Guys

i’m with you redwing on Qld especially SE Qld, In Victoria i’d be looking at Geelong and Mildura, but i’d also be reading the 2030 plan for Melbourne.

as far as NZ goes for capital growth i’d be looking at Dunedin in the South Island and Hamilton in the North Island.

But obvously it depends what you want to achieve and where you are in you investing plan, if you want cash flow i’d be mentioning a lot of places in NZ (but i can’t mention them here as i’m trying to buy there myself and for others)

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

Hi guys

come on PG spill the beans, somethings going on here.

Jetdollars knows more that you (PG) are saying.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

Hi Jo

normally i’d say keep away from Ouyen , but if the mineral sands projects start to happen around that part of Vic who knows?

as always do your own checks

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

Hi dan

just had a look at your website,

you need to update a lot of your info, interest rates are now over 8% not

from your site

This is not true the market has already had great growth.

i feel what you are saying is 12 months old. i’m of the opinion that the market here has already experienced a lot of growth and is settling down. i feel the NZ market is only 12 months behind OZ.

Taken from your site

This shows that most of the growth has already happened.
You are right there are still great deals but don’t expect a lot of capital growth now.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

Hi all

yes i agree with dreamcastles comments, she is also a top spotter. (gee we are all very nice to each other [cap]).
i encourage you to feel free to contact all the above mentioned spotters, i have met them all and they are excellent people as well as top stoppers.

regards
Westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

Hi Muppet

i agree it was tough on “us” Kiwi’s with one man down, i’m sure we will be a stronger team if we could just remember the rules. Someone has to teach our guys the off side rule.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database