Hi guys

as a Kiwi (well sorta), i can speak with a little authority. Firstly never heard of this group. and haven’t even looked at Auckland as its very expensive. Having said that rent is really high in NZ.
the Lord of the ring, i have never heard of it mentioned in regard to property prices but as other have said it is hugef or tourism. i expect helen Clark to change her name to Froddo soon.
There are buyers from al;l over the world snapping up NZ i was in Gore (pop 9000) last week and a English Doctor had just bought 7 cheap house, cleaning out the town. Interest from the USA, and the UK is incredible not to mention Australia, But be careful because people are buyingover the net without seeing and paying above market prices, so come over and see the place.
the other thing that is driving the market up, is supply and demand , due to population increases, increasing student need and so on, NZ has always had a housing shortage so rent return is very good.
bye 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 Pisces

i agree with yack

but i’d buy true cash flow properties, ones that will give me 20% return on the cash i put into the deal, and ones that will appreciate in value.

Cash flow properties (i mean real ones not $1000 profit a year on $100,000 invested as Yack says thats not cash positive) have a number of advantages. One is the ability to aquire and control large portfolios, i bought 10 in my first year in 1997 on an income of 30000 with very little equity. Only cash positive properties actually improve your servicability. I would have stuffed up my serviceability with one negative geared property.
acsh positive properties need to rise in value though thats why i wouldn’t buy in very small places say under 2000 unless there was something special about the place.
thats enough for now been on the computer too much today the wife is getting crancky.
bye 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 all

peterp where are these homes that are selling for less than they were 15yrs ago in centers of 20-30000, can i gues Broken Hill? It would be hard to find anywere else.

Yack with all due respect i don’t think you have a clue about regionalcenters. have you been out of Melbourne recently ? No one is saying buy any area because the figure stack up but if you are prepared to do the homework you will find regional areas that will show capital Growth and Cash positive. You seem to have the wrong idea ofregional centres that for years have had cash flow and capital growth, In Vic Lockat Shepparton, Echuca, Warrnambool, Horsham, Mildura just for starters.
Yack i’m with you i thought Melbourne was going to stop Showing capital growth 2 years ago, i was looking at AscottVale, and decided against it.[V], i’d be a wealther man if i had.
Devo good comments but did Mini teach you to write i needed an intermision half way through (some of us are very simple folk)[]

bye 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 dave and all

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 if history is a guide.

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]

OK PG yes you had me going.

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]

LOL

yes when i wrote it i thought it could be misinterpreted. Should have guessed it would have been muppet and PG.

Lucky my wife didn’t read it she’d say i was exagerating.[]

Pisces we got a secondhand couch years ago and i found someones remote down the back of it suggest you look there.

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]

LOL

yes SIS i know the feeling.

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 send an e-mail to [email protected]

hi Phil and all

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 neighbours of the property ringing me and complaining, this is one of the few times i’velost sleep over properties.
hey but it will give you a good idea of what PM have to go through, so yes give it a try.

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 steve and everyone

what a good question to start the day with.

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 i have fixed a lot of loans (fixed them about 1 yr ago) about 40% of my debt is now fixed.
while i’ve been selling in Australia i’ve been buying in New Zealand, the entry price is way cheaper than what i’m selling for in OZ and the rent is actually higher than what i was getting, so i feel i’m on a real winner. Property has been kind to me so i’ve relocated (don’t need to work anymore) to NZ to make the most of this market (which has also showning large capital growth recently).
so to sum up to harvest opportunities i’ve been cashing up, buying higher yeilding properties and fixing some rates.

steve i’d love to hear what you have been doing.

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

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 today i’m effectively retired aged 39. I could never have achieved that by buying expensive inner suburban properties. i can’t agree with you that the “hassle” is not worth it. I’m now holidaying/investing full time in NZ its great not having to go to work but wake up, walk the kids to school, have morning coffee with my wife, yep i’m glad i tried the approach Steve has so well explained in his book.
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]