Hi again,

After reconsidering my first post on this topic, I feel that I jumped in and assumed that the newspaper article was totally correct.

As we all know, media can alter the story by only publishing a very one sided view of things at times!! Just think about Today Tonight & A Current Affair. The battler is always so hard done…[Read more]

Hi,

Whether this was a wrap or not, the way it was handled was totally unprofessional and disgraceful. She should have been given unbiased legal advice.

I feel glad that the woman got her money back, and I hope it makes others think twice about ripping people off, just because they can!

She may not be too bright, but at least she was smart…[Read more]

Hi,

I bought a house in NZ last month for $40,000, which is rented at $130pw.
This is about a 17% gross return.

This in itself is good, but I knew that the house was too cheap.

I had to have it valued by a professional valuer for the bank, and the valuation come in at $57000.

If I wanted to, I could probably put it back on the market now and…[Read more]

hi bjmaca,

You may want to repost this thread in the finance forum.

Regards,

Del

Hi Westan,

As you know we were selling our 2 properties in Stawell. They both sold immediately for our asking price. We had buyers fighting for the units !!

We did well out of Stawell, and I’m sure when you sell there you will have no problem obtaining the price you are seeking.

Good luck,

Del

Well said Stu…

If people can’t post something that is going to actually “benefit” someone, then in the interests of all others reading the forum, then don’t post.

If you do get offended by someone, then try to rise above it, and ignore it.

Lets keep posts valid and courteous,

Thanks,

Del

Hi again Kay,

We have set up a NZ resident Trust Structure. We have seeked various opinions and advice from tax professionals, solicitors etc in NZ and Australia. I will say that it is all too complex for little me to fully comprehend. [blush2]

I will tell you after our tax is completed, whether we have to pay CGT, but I don’t think so!

If we…[Read more]

Hi Kay,

We have a commercial property – a chemist shop, (one of the expensive ones, I was talking about) that settles on 30th June.

It cost $250K, and will give +ve cashflow of over $13K pa, with all outgoings paid by tenant. It is in regional Victoria.

Apart from that we have just bought (2 wks ago) a property in Hervey Bay QLD on 10 acres.…[Read more]

Hi mondim,

We have about that many cf+ properties, so I will say what we have done and are doing.

About half are fixed at various terms.
No two loans expire at the same time.
About half are on variable

All are on P&I loans, (that are reducing monthly).
All have at least 20-30% deposit in them, some more.

We are monitoring all loans on a…[Read more]

Hi Jaffa,

Ours did vary quite a bit, with a couple of expensive ones, but apart from them, most of the others were around the $40-$60K price range.

Del

Hi,

If you do a search on “NZ towns”, I’m sure you will find lots of info on towns that us Aussies are buying in.

Tokoroa will have lots of info, but do your research before you jump in.

Good luck,

Del

Hi Steve & crew,

I can relate to that story….have you got a minute?

Last weekend we competed in our first ever big horse show. My one big goal in life was to be able to ride a horse good enough to one day enter in a show and come home with a ribbon!! [king]

Yesterday we come home with 3 ribbons !!

One for me on my horse,
One for my other…[Read more]

Hi Jay,

A lot of the people who used to buy in Australian regional towns etc… have turned to investing in regional towns of NZ.

You can still easily pick up houses less than $50,000, with a gross rental return of at least 11% minimum. I was in NZ last month and still bought one ppty on 17% gross return. The house was grossly underpriced.…[Read more]

Hi squillion,

There are a heap of people on this forum who don’t have the time to go to NZ to find property themselves. Trust me! I am not one of them though, (personally I don’t trust a buyers agent to do as good a job as I would do, so I go there myself to buy).

A buyer’s agent would usually sign up the property under contract using the good…[Read more]

Hi Squillion,

My advice to you would be if you are trying to become a buyers agent, and flicking properties, that you should FIRST set up a data base of buyers.

Find a buyer (finance already approved) that is looking for say…. a 3br brick house on 12% gross return, and then YOU go and find the property that meets his criteria.

It will not…[Read more]

Hi David,

You need professional advice from your accountant and or solicitor. Each person’s situation is different, and nobody here can really tell you what is best for you, going on the little information that you have provided here.

Is the family trust set up soley for purchasing property, or is it a trading company?

What are the benefits of…[Read more]

Hi,

16 in the last 12 mths, (not that numbers count), but one of those was a block of 5 units…

It was quite hectic at times! [confused2]

Good luck to all,

Del

Hi jjeff,

Welcome to the forum…[biggrin]

I am not very experienced in this area, however, I would start by asking all the RE Agents in the town:

1. what type of properties are in demand at the moment i.e. 2br or 3br units or larger houses.

2. whether there is a market at the moment for selling blocks as is, and I’d also ask as many local…[Read more]

Hi banderos,

It is good that you have included point 2 as part of your goals.

Unless you keep up the network of positive minded focused friends & mentors, goals can too easily turn into distant day dreams….[sleepy2]

Regards,

Del [thumbsup2]

Hi,

We did it about 7 months ago also.

We didn’t want to keep using a LOC, which was right up at it’s limit. With interest rates on the rise, we can sleep better at night knowing that all of our properties have a max LVR of around 70% rather that 105% with LOC.

You do miss it though, when you have owned your own place for a long time!

Regards,

Del