Hi all,
I have spent a great deal of time trying to find a property that I can positively gear. Maybe it’s just me but I can’t find anything. Is it possible prices have risen too much in relation to rental and you just can’t find good opportunities anymore? I’m very interested to know the experiences of others.Cheers,
pg2005Your right. Unless you are prepared to look at a one horse country town. The best bet if you are looking at positive cashflow is New Zealand. Believe it you can not only get positive cashflow but growth as well. I love property in Australia for growth. But if you need positive cashflow and you would like a separate income steam look at New Zealand
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
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Sorry Nigel i have to disagree.
There are many ways to generate a positive cash flow out of Australian properties such as wrapping and second mortgage cash backs.
Why go off shore when you can stay at home and get a decent monthly return.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
Sorry
Richard
On the whole I disagree with you. Wrapping will not get you a highh return unless you buy a lot of property, where in Nerw Zealand you will also get strong capital growth
Having said that I am deal with builders in Melbourne who are offering investors a 9% return for three years. The do this via a lease to purcahse agreement. The tenant agrees from day one to purchase the property in three years at an agreed price. This means the tenant gets a good deal and the investor not only recieves a 9% return but is also able to claim the full depreciation during that three year period.
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
Hiya pg2005,
This question pops up like a revolving door every month – I guess this one is the May ’05 edition. The answer is definitely Yes.
Answered very similar question about a month or two months ago with about 9 or 10 detailed examples in this forum, which were all positively geared and all within capital cities.
Once again, if by “property”, which is such a broad term as to be near useless, you mean you’ve looked at an extremely narrow, specific band of “property”, i.e. a few 3×1 houses in main city suburbs under $ 300 K…you’ll need to look way harder than that.
Cheers,
Dazzling
“No point having a cake if you can’t eat it.”
Dazzling, you mean I can’t buy the first house I find in the suburb next to me? Gee thanks for the tip.
Nigel
I appreciate your services are to act as a buyers agent for NZ and Australian property but i still can’t agree with you.
You state that you “will get strong capital growth In NZ” well i think that applies here as well. I can think of over a dozen towns in Qld where growth is still happening.
You state that “Wrapping will only get you a high return if you buy a lot of property”. I have many clients who have invested as little as $15000 in our 2nd mortgage cash back scheme and are receiving 15% PA.
Surely when you buy an IP and receive 9% PA by way of a lease purchase the investor requires more than $15000 deposit or equity equivalent.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.Richard Taylor | Australia's leading private lender
You don’t have to go overseas or to outback towns. Last year 2 of my clients purchased positive geared properties in Sydney – without wrapping or lease optioning.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
I mean no such thing.
You can buy whatever, whenever and wherever you so desire. Knock yourself out.
Best of luck with it all.
Cheers,
Dazzling
“No point having a cake if you can’t eat it.”
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