Forum Replies Created
Hi Kayne
i haven’t looked at Cairns recently but 12 months ago there was a glut of units in the city, so buyers needed to be careful where they bought.
On a positive we have a growing city that has an internatonal aiport and growing tourism industry.
So maybe keep it on your radar?
regards westanI live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
Hi guys
Muppet i was iwth the allblacks for the one in Wellington but i think the Wallabies will have the next one, With Gregan back and i think Larkham is on our team this time.
(But hey i grew up in Victoria and i don’t even know the rules yet)
Muppet every Tuesday nite a few friends come around at 10pm and we watch the Aussie rules on sky TV, the Kiwi’s are getting into it. One guy even bought around a video tape to take home as his son wants to get into it also.
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
Gee i hate to admitt it but i have to agree with Yack how can you turn 10k in the stock market into 500K in 7 years, it is IMPOSSIBLE, unless you take a huge risk, those that take this risk will lose everything more often than they make 500K or even 50k for that matter.
All this talk about leverage in shares, sure its possible but you have to use high risk strategies or use Margin Loan Products that will at best loan 70% for a limited number of shares.
Don’t get me wrong i’m into shares but i’ve been around long enough to know what really happens in the stockmarket. I currently own shares and will buy some more and increase my holding but i don’t have the expectations that the returns will be spectacular, because they wont and neither will the retruns of those who think they are on a winning magical formular.Aceyducey you made some comments before directed to me, you said
Westan,On the basis of your post it sounds like you’re a PROPERTY investor under my definition.fair enough, but i don’t see it that way, its just been the past 7 years have been best to invest in property. But 1999 was fun for shares.
An informed investor in any area should do well. It’s simply about where you choose to be informed.Sure, but don’t expect their returns to be equal. sometime property will be the place to be sometimes elsewhere.
If you focus on property (or indeed on any other investment class) & don’t inform yourself about te other investment options how do you know if you’re choosing the best vehicle for your investment goals?exactly, you have to know whats going on.
Choosing to be blind to different investments doesn’t make you a more successful investor – it makes you less successful.agree
If you look at the most successful investors, very few are property specialists. They virtually all focus on being investment specialists – knowing how to use a dollar to make two, regardless of the asset.i’m inclined to agree , but a lot successful people find their area and work it well, its hard to become an expert in too many fields.
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
ibuycashflow i agree with your comments, as i’ve mentioned before i don’t have a huge amount of confidence in the NZ Reserve Bank. Sure the country is enjoying great prosperity but the economy doesn’t need to be holted. It seems that as soon as people make some money over here he thinks he has to slow it down. I can’t see the need to lift rates it will only hurt the country. Time for a new government ???
I think MichaelR made some interesting comments on another post when i was having a similiar winge.Aceyducey the difference is the NZRB lifts rates. The RBA just talks about it.
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
Kay i i’m not sure i agree with the comment that “.5% is quite an increase”. This is well within what the RBA would be hoping for and i think they would be very happy with the results.
As far as implications for the Property market, the immediate and biggest one is interest rates. the RBA has always said that there is no need to increase interest rates if there is no Inflation the CPI at 2.5% shows there is no inflation at the moment. But High fuel costs can trigger large cost increases, so they will be watching that in future months.
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
acey i’m sure you are right. But on the other hand some people will make a packet from property inthe next 2 years and others will lose it.
I can’t get all excited about the stockmarket either but the right stocks will do very well for the informed investor.
Personally i like to see myself as an investor first, while i can make money from it property will always be a significant part of my investments, as i feel i can make money in up times, down times and flat markets.
If it turned out you could make good money from breeding Rabbits (as someone here said) then who knows i’d look into it.
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
Good stuff rubgyfan, nice story to go with it. Shows we all need a little help from time to time.
Lets hope we can see someone different Michael Schumacher isn’t really helping the sport with his domination.
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 love it when you can add strategies together
first you take Cash positive
then add capital growth (yes it can be done , just ask steve and the mappers)
then add reno to it.tie them all together in the one property and wammy it should be a beauty,
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 Jarred
if buying in NZ there are some very important things to do.
1. speak to at least 2 property managers in the area and ask about rental expectations for your property. Get them to view the home, and check the neighbourhood. We just signed up a great house then found out a Gang member lives in the house that backs on to this one.[blush2] We wont be buying this one.
2. check with the LIM that it has all the permitts needed.
3. You must get a building report, maybe even a electrical check. By the way a Builder should check the LIM for you.
4. If possible get on a plane and come to NZ and see the places that you are investigating. I know a lot of people can’t find the time but it is worthwhile.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 Yack
i’ve bought about 20 homes in the past 12 months, but not one of them was in Australia. But on the other side i’ve sold about 15 (14 in OZ and 1 in NZ. Like your self i haven’t been buying , the reason is i couldn’t find deals that caught my attention. When i looked at NZ early last year i thought this looks like OZ about5 years ago so i got all excited. Today in NZ the situation has changed again and prices have risen. This means returns are less and the potential for capital growth is also less. I don’t expect to buy 20 homes in the next 12 months. And will focus on fixer uppers.
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 del
makes me think perhaps a star investor who knows a bit about asparagus farming might have contributed, maybe i need an autograghed copy from you ? (oops should i delete that? )
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
Jars thanks forthe in depth comments, greatly appreciated.
Was there any talk about Steve’s new book and where the ideas of the book in the seminar ??
also as Del says 70% if ther finance for only what the banks see as high risk areas 99% of NZ the banks will lend at 80%. Makes me think Steve’s was buying in some risky areas ?? not the ones i’d touch.
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
Superted, what do you mean papertrade ? do you mean not actually buying them ?
The first time i bought call options was about 11 years ago we were poor students and i was sure that WMC was a sure bet. I had to talk my wife Janine into letting me do it. She knew the risks and wasn’t happy. So i said i’ll let you have half the profits to buy some new clothes. I only invested $750 but 2 weeks later she went on a $1000 shopping spree. saddly not all option trades are happy stories.
Mel- Rabbits ? at $500 each ??? and make 100% return in 12 months and 10% per year thereafter. Girlie start a WEB site RabbitInvesting.com and write a book 0- 1300 Rabbits in 3 1/5 years, i’ll buy it.
Just goes to show there are heaps of ways to make a dollar.
regards westanI live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
Hi all
well it all sounds like fun, i’m disappointed i couldn’t make it.
what else can you guys share about the day.
regarsd 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 Misty
you have hit the nail on the head why wrapping hasn’t been the best strategy for the past 6 years.
However that doesn’t mean its not the one for the next six.
(i don’t do wrap deals)
regards westanI live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
Hi monopoly
You said
“especially on smaller population towns in Melbourne worthwhile investing in.”
Oh those Jeff Kennett days are hard to break, the days when Victoria was Melbourne. i think you ment to say smaller population towns in Victoria ?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 Deanne
i’m with Jo on this one- that the info is a bit short for an informed comment. On what you have told me that alone wouldn’t be enough for me to walk away from a good deal.
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 jars11
well done on the award, good on you.as far as the photo’s go, good on you for sending in a nice one, unfortunatly my photographer (10 year old son) did the best he could with the material he was working with. The photo was taken last year when Tim and Myself flew to NZ for 10 days holiday which was a great time for the two of us. incidentaly we bought 3 homes on that trip which have gone up $100,000 (sorry i didn’t mean to show off).
regards westan
PS if you haven’t sent in a pic do it NOW.I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
hi jspri
while i don’t want to name figures i quit working at the end of last year. My income form my investments is now greater than my previous job (not that i was on a very high salary anyway). But now i also have more time to really boast my income, i have time to search for fixer uppers which can be easy money. I’m forming partnerships with others where they do the work i finance and we share the profit. i also spend a lot of time working a new business finding homes for other investors which is providing good income but i’m unsure how much longer i’ll be able to find really good deals.
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
crj you are correct with the impact of job losses on smaller communities. But think of what impact job creating has on these communities. These are the types of towns people should be buying in, ones that are growing. I think there are too many people from Melbourne and Syndey on this forum who have NO idea of regional Australia. There are in fact many towns that always have stong rental, there are also many towns that are growing, we just need to avoid the declining ones. If people find out what is happening in regional australia they might find the town that is about to become the new home of major new industry. I’ve mentioned Hamilton in Victoria with the Mineral sands project, Mildura with the solar tower these are just some.
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
