NZ suburbs

gainni
there some good ones and the end of the south island and in the middle of the north island
depends on what you looking for and how much you want to spend
just need to find what the employment is like so you are sure of letting out your PI
I have been using the phone
which is not that expensive when you get
good info on the town, I phone realestate and banks
recoveryman

Mt roskill in AKL is a good spot

hi mini
i’m going back to NZ in sept (we need to sort out where we are going to live etc for next year). i will also look at buying some more properties. a friend who is a Kiwi from the North Isand suggested i look at areas such at Wairoa, Hawera (near where you have been buying i think) and also Tokoroa and Huntley. What can you tell me, is there anything special about these areas or are there many places that a just as good?
regards westan

[]hi westan,
i lived in hawera for a year, has pop of approx 10k, good solid farming community, stable, mainly dairy farms, near oil & gas fields (although i hear that the gas to gasoline plant is facing problems), close to Mt Egmont/Mt Taranaki (attracts tourists & locals), has a hospital, provides products & services to the farming community. good spot. hope this helps.
Cheers, QB[]

I am only new to the investing fourm, but I have been looking at property in palmerston north as my brother lives down there and I Have been there myself.

the property’s down there still cost around the 100k plus region and are nice enough to be positivley geared(?) I think the rent that way is about 200 a week..?

Davo

Basically NOTHING… Well not much anyway

No stamp duty on loan
No stamp duty on mortgage

Costs will be:

Application fee for loan
Legal/conveyancing costs
Inspection costs; building, pest and LIM
Valuation report
Minimal settlement fees

That’s about it!!

P.S also NO capital gain tax if it’s bought as a long term buy and hold

Cheers

David U

Hi guys
thanks for the comments about those areas i asked about.
Davo70 i’ve used a new zealand bank BNZ (owned by our NAB) got $0 application costs on the loan. Interest rates are a bit higher in New Zealand than Oz.
Rod C when would you be going to NZ i’ll be leaving about the 21st. Check out Emerites airlines return to Auckland only $376 compared to 650+ with airNZ and qantas, also look at freedomair.co.nz for cheap flights often 450 return but not the choice of destinations.
westan

Hi Guys
Hell that quick. Sitting here and thinking about places to buy in, I have a comment for Tamara in regards to Huntly. You are correct in what you say about it hi unemployment etc. However my thoughts on the new motorway bypassing Huntly is that in time Huntly will become an outer suburb of Auckalnd because the new road will allow quick travel between the two places. This will mean that places in Huntly will appreciate in value.

Other suburbs for all you others to consider include Te Puke just outside Tauranga and the Mount.

Mini has already suggested Marton.

Opotiki further along the coast from Whakatane I have heard is already starting to attract attention.

Palmerston North has also been mentioned. This city has Massey University in its midst. Hence it has a large student population.

Another point to consider is that the incidence of home ownership in NZ is going down. About 33% of NZers now rent.

Dannevirke is another place that has reasonably cheap houses

Consider also that these small towns have their good and bad streets/areas and this affects prices paid and rents that can be charged.

Keep the comments coming and if I can I’ll think up something else to say.

Regards

Hi Westan
Oh well we can’t win Lotto everyday. Roll on the Rugby World Cup.
The King Country is an area in the central North Island. The main two towns are Taumarunui (pop about 4500) and Te Kuiti (pop about 5500).
The best skiing in NZ (ha ha) is only about 50kms from Taumarunui on Mt Ruapehu. I am taking my school there next week costing the kids about $12 each for the day skiing.
Lake Taupo which has the best trout fishing in the world is also only about 50kms away as well.
Deer stalking and pig hunting is also to be found not far away.
Taumarunui has a high unemployment rate. Houses rent for about $80-$120 a week.
Ask Mini how she is doing with her house?
I noticed this week for the first time a Prop Man advertising for tenants in Taumarunui. Not sure what this means though.
Another small country town to consider is Taihape.
Then there is Otorohanga about 60kms south of Hamilton. And there is Te Awamutu just south of Hamilton.
There are alot of small towns in the Waikato of which Hamilton is the biggest.
Hamilton has a pop of about 140000 but alot of building is going on there.
Just north of Hamilton is Ngaruawahia which basically is an outlying suburb of Hamilton.

To research the houses that are available in these places use http://www.realenz.co.nz. 40000 houses for sale in NZ are listed on this site and nearly all the big Estate Agents use it.

Regards

Hi Sooshie

What you are saying is true; but seeing as I will be moving to NZ permanently in the next 12 months, I was making my comments from the perspective of a NZ resident.

Cheers

David U