hi DD

i’m with you on that one the lower end is definatley where the money is to be made. and i feel less risk. Most property managers i speek to say it is the cheaper homes that rent out quickly while the top end of Town can be slow.
melbear is right also , sometimes you just have to find the money anyway you can, even ask parent, but be sure you know what your doing. the last thing you want to do is hurt those who love you.

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 [email protected]

hi monopoly

i think you are over estimating the impact of earthquakes, you amke it sound like there is a risk the whole country will disappear into the ocean, i certain hope thats not the case. But then again i live 10km from the coast if a bit fell off, gee i’ll have loveley coastal veiws. Hmmmm you got me thinking where are these fault lines exactly??

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 [email protected]

Hi Guys

No there is no chat room, pity.

another site called propertytalk.co.nz has one, this site has a nz emphasis.

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 [email protected]

Hi guys

for years i would never eat into the profit on our investing, i was even drivinga 1983 commodore until july last year, and the wife a 1986 falcon. My goal was to really get ahead to the point we could be comfortable.
that sacrifice i believe has paid off, my wife and 12 year old daughter were fortunate to go to europe for 5 weeks last year and now i’m living in NZ after quiting my job last year. So today we are doing many things we never dreamed possible. In fact i still can’t believe i don’t have to work anymore, i had a dream that i had to get a job a few weeks ago (yuk). The luxury of not working was a goal of mine.

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 [email protected]

Hi James

start by getting a maps of NZ. then find http://www.realenz.co.nz it is the definative New Zealand website for listings. then you should check out http://www.propertytalk.co.nz. Speak to as many people as you can about areas, then be careful how much weight you place on what people say as many opinions are tarnished by prejudice, old information or no understanding of what you as an investor are trying to do. Only buy in areas with a strong rental demand (most of NZ), some people favour one island over the other, i don’t i’m happy with both islands. whenever you find a property in NZ always check with independant property manager on the rentability of your home. saddly NZ has some bad areas where property manager will not manage. a lot of aussies are buying sight unseen (no problem from me i do it myself) but they aren’t checking if the area will rent. For instance one area of Rotorua calleed Fordlands is a no go area. as are areas of Tokoroa unless you want to buy a place and have it vacant. Try to buy in growing towns, but don’t rely too much on the last census a lot has changed since then. i repeat, always check rental demand.
If you come across a good deal put in an offer and then do your homework ie building inspection etc, as good deals move very fast. Double check everything you hear about nz and while 95% of agents i meet are excellent and honest some are not.
Check that the land is not leasehold as you will not own the land under the home and will pay rates and a lease. i only buy freehold.
if possible get on a plane and come and look at this sensational country, it will give you a feel for areas and where you want to invest.
finally don’t be afraid to invest in NZ it is not all that different from Oz. The market is moving up and deals are not everywhere like they were last year but the astute investor will still find good deal. the window of opportunity will not be open for ever and is closing now.
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 [email protected]

Hi Mini

$1500 wow, but still over 50% below the opposition. actually half price and $500 cash. and knowing you i’m sure your service would be better than that offered by richmastery.

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 [email protected]

Hi Monopoly

yes it’s an interesting question. as you are probably aware i stated over 12 months ago that there were no more cash positive properties in Vic and neighbouring states that met my criteria. so i announced that i was looking in NZ as other here were also doing. sadly i can see and am seeing the same thing happening here (in NZ), quicker than even i thought was going to happen. My home finding business will probably die sooner than i thought and i will go back into holiday mode. so anyway back to the important question where do we go next ?, i feel the commercial market still has some promise but it wont last long either. So where to then ??? my friends ask me that often, where will i go next ? i don’t know ! Maybe i’ll have to go back and play the stockmarket for a while. or perhaps spend more time looking at buying business’s (no not ones for me to run i’ll pay people to do that). i believe there is always a way to make a dollar in this world, we have to be flexible and pursue new avenues it may not even be property (Shock Horror). perhaps it will be building large scale upmarket retirement villages (anyone interested in doing this).
Hey how about China. i’ve meet lots of contacts from China who would love me to come over and invest there (and i have a friend who i trust greatly who is Chinese) the only problem is i don’t trust the local business people. It amazes me how, over a meal with a high ranking official from the Chinese education dept when they find out (usually my chinese friend tell them) i’m buying realestate they suddenly change and want to do business with me (no thanks). Anyway maybe China is the go ??
come on you guys i need a new market, where’s next ?

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 [email protected]

hi wrodgers

it is interesting you mention Mildura, i don’t own there but i feel that it is wortha look at (as i’ve often mentioned here before) the solar tower, will be huge for the area in jobs and tourism, if it happens.
not to mention the new marina, as a lifestyle choice i can see it growing and growing.

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 [email protected]

Yes guys
saddly those towns are declining (as has been said), i wouldn’t be buying there but if something happened ie Mineral sands project then these places could take off. but better to leave them alone from my knowledge of them. Actually there is mineral sand around ouyen i think but best to check it out.

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 [email protected]