QLD vs NZ

I was extremely tempted to enter the Aussie Market a few months ago. I am so glad I didn’t.
6 and a bit percent yields seem to be standard, with maybe 7 percent if you’re lucky, or perhaps do a reno. But that’s not enough (for me!) to break even. I’ve been spoilt by 20 percent plus yields in NZ which I created by doing renos.

And capital gains? well, i reckon capital losses could be possible. And for a 7 percent return I’m just not prepared to take the risk. Sure, Q’land long term is gonna be just find and boom away, but for the short term and possibly the next couple of years I think I can wait a bit and not miss out, if you get what I mean.

Right now, the very properties I was looking at are being marketed with slogans like “WOODRIDGE Another Crazy Price Drop !”

Kingston being the area I was thinking about purchasing in. And Woodridge being a similar area. I dunno, never been there. but I hear they are areas in transition. I was using a bird-dog in the area and when the time is right I will use a bird-dog again. The same one!

Meanwhile I am still loving NZ for growth AND yields!

cheers-
Mini

joy to the world

Hi trisha

First answer- Yes all cash positive
secondly- how did i do it so quickly. We those who have been around for a long time (over 18 months) on the forum will be sick of me saying this but this is how.
About March last year i realised i couldn’t buy cash positive anymore in OZ so i looked at NZ and loved the opportunities. At that time i had about 25 houses in oZ that i’d been buying since 1997, they were all cheap properties (all i could afford) fortunatly for me they had risen a lot over the past few years but the rents hadn’t. So i started selling them and cashing up for a few NZ invasions. The first time i took my 10 year old son and we bought 3, about 10 weeks later i took my wife and we bought 7, then we moved over here to NZ in Dec 2003 to make the most of the dwindling opportunities.
I’m still selling in OZ only got about 7 left and will prepare for my next BIG investmnet attack which i’m still investigating, if it proves to be good it will be as good as NZ was 12 months ago, actually maybe even better. But too early to say it could all turn to nothing. Will let everyone know when i am comfortable. As i did with New Zealand 15 months ago.

Sorry got of the track a bit there.
regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

Hi trisha

no i’ve never bought in QLD, nothing against investing there , it just didn’t happen. I was looking seriously at Logan area about 18 months ago but got distracted by NZ and never did anything.
And yes sorry i got your email, will get back to soon, sorry i’m a bit behind as i had a bit of Tonsilitus (its Yucky- had a week sick) and will catch up on things now

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

good on you lemueltipene.

if you find properties, then maybe you should become an agent – its another way for you to make money on the side…

I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how