hi all

thanks Simon and Steve, and you other guys who are Mortgage brokers, your contibutions are a huge help to heaps of us.
[]

a year or more ago the guy i spoke about LOC’s was using a senario were i would be putting and extra $200 per week onto my loan, no wonder it was paid off in half the time. i only discovered his sneaky tactic when i was looked closely at his figures.
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]

i can’t see property prices retreating very much if at all in regional areas that have been place where we traditionaly find cash pos. properties. Therefore it would take large hikes in rentals to make properties cash positive or a dramatic drop in interest rates (costs). Rates won’t drop dramatically but i could see rent increasing in the comming 2 years. By the way there are still areas where cash positive properties are still obtainable.

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 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 towns of about 10,000 (Stawell and hamilton in Vic).
the real key that has worked for me is Cash positive with capital growth. That will really msake you a winner. they can be found.
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 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

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 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

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 a grand around, funny it actually made me feel richer.

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 lifestlye many seek.
Yacks comments about capital growth has been true up until a few years ago. in this past couple of years country towns have shown better capital growth than even the best performing areas of the major Capitals. And funny enough it has been the lower priced homes that have grown the fastest. i know a guy who just retired at the age of 39 because he purchased enough of these cheap regional houses. so consider regional areas. personally i would consider Ballarat in Victoria as one place to invest.
what about future capital growth in Regional areas ? the victorian government has recently started a million dollar campaign to encourage people to return to regional cities, if more move to these places the laws of supply and demand tip a price increase.
regards westan

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 doesn’t start till late feb.

pieces i think if people hunt around they will easily find finance in NZ, however if you approach banks in Oz then it may be difficult. I’ve found ANZ here (in NZ) excellent so far.

mini are you heading to christchurch on your travels? i might be up that way if you have a few hours free if you have time to catch up?

regards 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