Hi Nordicskier,

Yes!!!

Try – Hervey Bay & Maryborough Insurance Brokers Pty Ltd. We have done exactly what you are asking through them (on a property at Hervey Bay), but the location shouldn’t matter…

We did both properties on the one landlord’s type policy and literally saved hundreds of dollars. No other agency looked at the properties in…[Read more]

Hi all,

Nobleone – as far as the Mill goes, there is only about 250 people working there these days, (unless it has changed recently), I believe it used to be somewhere around 3000 people a few years ago…

The population of Tokoroa is 15,000ish, and so the if the 250 or so working at the mill go on strike again, doesn’t bother me so much. I…[Read more]

Hi Westan,

We have actually made some “GOOD MONEY” from some of these areas in Tokoroa, so I guess it’s horses for courses…

“Perhaps” steer clear of the cheaper “forestry box” houses, as these are in the lower socio-economic areas. Just over the railway line is the not so great area (from memory). As with lots of areas in NZ, there are “bad…[Read more]

Hi Loanwolf,

Yes, I can agree with the profile from Marisa…

It fits us almost to a tee!!!

We are leaving our large farming business in Vic and have bought a Queenslander 500 metres from the beach, to beat the stress etc….

We have 2 kids aged 6 and 7. We aren’t waiting until they leave school, because by then they may not want to leave…[Read more]

Hi Barbie,

Have you considered commercial property???

Good luck,

Del

Hi Matt,

How are the units going???
Good to see you back here….

(sorry most people won’t understand)!![biggrin]

Regards,

Del

Hi Al,

I agree with Westan…

I would never buy leasehold land, however I have owned crosslease land in Rotorua, where there was 2 houses on the one title. Both houses shared part of the driveway.

I don’t have any hesitation about owning crosslease land… It is very accepted and common in NZ, however it is best if you don’t share the…[Read more]

Thanks Alex, I will have a read!

Cheers,
Del [biggrin]

Hi Scott,

Do you know where I can find a copy of this report to read??

We are very interested in SE QLD (shifting there), and I would like to find out more about it.

Thanks,
Del

Hi Kristine,

2 weeks vacancy is OK, and you should expect that in Invercargill.

Is the rent you are asking at the correct MARKET price?
What comments does the property manager have about your property?

I’d be trying to make my rental property there more attractive then the next vacant house there.

Does it have good heating, etc..
Is the garden…[Read more]

Hi Mark,

Our current strategy:

We are looking for “Problem properties” in areas where we expect good capital gains….i.e. within 4 streets from the beach etc..

We try to fix those problems, rent out & hold the property for a while and then sell and (hopefully) make some money!!

Goodluck,
Del

Hi Zac,

I think that it is partly your PM’s fault for not contacting you earlier, but it is also partly yours for letting things get out of control.(sorry)…

We make it practice to keep in regular contact with all the PM’s and ring them AT LEAST once a month to find out how the tenants are going and making sure they are up to date with…[Read more]

Hi,

Most of us here don’t invest in South Auckland, but try this:

http://www.yellowpages.co.nz/quick/search?cat=12234&view=loc&page=search&loc=1

http://www.nzs.com/region/auckland/manukau-city/media/newspapers/

Del

Hi Aussie & all,

Basically I agree with you…

I don’t like that so many people attend one of Steve’s Seminars or something and they feel that they have to quit their jobs on Monday morning, to do “property fulltime”….[baaa]

People need to plan to “scale down”, not “shut down” in this kind of economic market.

Of course there are exceptions,…[Read more]

Hi ggumpshots,

Some of the benefits in subscribing to the town’s local newspaper would be:

(1) learning about new businesses or infrastructure that might be coming to town, or
(2) hearing how the town may have just got flooded last week in a big storm, or
(3) how the only primary school is being closed down!
(4) The train line is being opened up…[Read more]

Hi Surfermark,

As for Australian Accountants, I can definitely recommend our accountant. (We invest in NZ as well as Australia).

He is based at Warragul in Victoria. About 1hr from the GPO.

His name is Paul Bright (director)
Armitage Downie
Accountants & Advisers
PH 03 5623 6322

He has been our accountant for 5 yrs and he has helped our…[Read more]

Thanks Monopoly![daisy]

Well guess what,

I have just got an email from our NZ Solicitor (I mean ex-solicitor), to say that the $10,000 was received in their Trust Acc, and they have just credited it to our bank account!!

Amazing, I think we were LUCKY!! [biggrin][biggrin] It could have had a very different ending.

Thanks all for listening to my ranting, [blush2]
Del

Hi TokyoJoe,

There are plenty of houses in NZ in that price range and lots in higher price ranges.

Perhaps look around Taupo area.

I wouldn’t mind having your dilemma!

Goodluck,

Del

Hi Monopoly,

Yes, you can bet that next settlement, I will be asking my solicitor to email me a break down of the settlement funds, BEFORE SETTLEMENT TAKES PLACE. I picked up the error, because I knew how much funds should have been deposited into our NZ bank account to within a couple of hundred dollars (considering rates etc..)

The 10%…[Read more]