[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 15, 2004 - 11:06 am

Originally posted by Brisbane 04:

What is the current interest rate for the major institutions in New Zealand?

If you follow Muppet’s link to the PropertyTalk forum, you’ll see them all listed there.

And for areas in Auckland, consider buying this book:

http://www.goodreturns.co.nz/books/product_info.php?products_id=194

I think it’s about a year old now, so still pretty recent.

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 15, 2004 - 11:01 am

Originally posted by nzdream:

There are a lot of benefits of investing in NZ (no capital gains tax

But as an Australian resident you’ll normally pay CGT in Australia on gains made in NZ.

And NZ losses are quarantined there. By my understanding you can’t offset them against other Australian income or capital gains.

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 15, 2004 - 3:28 am

Kaiah,

Also beware of those free seminars. Many are just disguised attempts to flog over-priced OTP real estate.

If the seminar gets you all hyped up with ideas of 100% returns a year and no tax, keep your hands in your pockets until you’ve had a chance to cool down and check out the claims in more detail. []

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 14, 2004 - 11:05 pm

Originally posted by kay henry:

As I’ve said- give me a 15k tax return, rather than a $10 week profit anyday

Why?

Tax refunds imply overall losses. I’d have thought making a profit would have to be better than reducing a loss, ignoring possible CG aspects.

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 14, 2004 - 10:35 pm

Originally posted by Gatsby:

I don’t know anyone in this game who would take a lesser commission to buy you a ‘cheaper’ property if they could earn more commission on a more expensive property.

I’m not an agent, but I think that might be a big “if”.

From what I’ve seen written, turnover is more important to an agent than individual commissions, so if a lower commission allows them quicker deals and thus higher turnover, it’s probably better than less deals with higher commissions.

But as I say, I’m not an agent so don’t speak from experience.

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 14, 2004 - 10:24 pm

While not spiritual, a book I liked that hasn’t been mentioned is Dale Carnegie’s “How To Win Friends And Influence People”.

Some of the biography style books by successful business people can be interesting too. I read one by Lee Iacocca (the man who turned Chrysler Motors around from near bankruptcy) which was good. It wasn’t his autobiography, but the “Straight Talking” one.

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 13, 2004 - 9:19 pm

Razor Ray,

Dale’s book “Trust Magic” is worthwhile. You can read about it here:

http://www.gatherumgoss.com

I also found Nick Renton’s book on trusts good. The latest edition has only recently been released.

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 12, 2004 - 2:07 am

Thanks Kay. I’ll pass the link on to him.

Cheers,
GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 11, 2004 - 9:24 pm

Originally posted by Pelicaninvestments:

the MIAA website

Thanks for the link. I’ll tell him to take a look.

Cheers,
GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 11, 2004 - 1:39 am

Start a new hobby, to add to all the ones I don’t have time for already. [biggrin]

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 11, 2004 - 1:29 am

Look on Somersoft in the Meeting Point forum, the thread titled “Sydney Cashflow game – 24/07/2004”. I see there’s also a Canberra one mentioned.

http://www.somersoft.com

Never played it myself, just seen the threads.

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 10, 2004 - 8:44 am

The Sopranos and Dr Who reruns.

They’re the only two things I really watch on TV these days, except for a bit of news and the occasional Enough Rope with Andrew Denton.

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 8, 2004 - 12:02 am

Originally posted by melbear:

the ATO won’t let you ‘negatively gear’ the house you live in thru owning it via a unit trust

Thanks, Mel. I assume that also means via an HDT?

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 7, 2004 - 6:11 am

Originally posted by Terryw:

you cannot do this under a unit trust.

What’s the problem with that? Won’t the tax office let you deduct the interest?

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 7, 2004 - 5:58 am

Regarding investing in NZ, visit the PropertyTalk forum http://www.propertytalk.co.nz

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 7, 2004 - 5:47 am

Originally posted by kay henry:

There are also some regular somersoft sydney members who meet up. You could check somersoft.com to see when their next meeting time is.

Last night.

And again later this month to play the cashflow game (can’t remember the exact date).

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 6, 2004 - 11:22 pm

Originally posted by Celco:

Just wondering if anyone has had a fibro home re-done in weather board?

Never had one done, but have you looked at alternative claddings like Permalum?

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 4, 2004 - 12:45 am

Originally posted by Nathan_b:

just wondering what everyone on this site does for a living

Take a look at the “What are your occupations” thread down in Forum Frolic.

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 1, 2004 - 10:25 pm

You might like to read this:

http://realtytimes.com/rtapages/20040624_perfectstorm.htm

It has a passing mention of Las Vegas.

GP

[GreatPigMember@greatpigJoin Date: 2004Post Count: 284]

July 1, 2004 - 12:38 pm

Muppet,

Originally posted by muppet:

there is a better live style in the south

Why do you say that?

GP