Isn’t what fullout has described known as “flipping”? Isn’t that what deposit bonds are? Or is that only for OTP apartments?

kay henry

Tom,

I think if the landlord buys the TV, he or she has to get it insured. And what happens when your friends are watching the world cup and, in their excitement, a beer gets knocked on it? hehe.

It’s a good idea, and you are a creative tenant! I’d have you as a tenant in a minute, but no plasma tv for you!

kay henry

westan,

I don’t think your 9.5 sounds conceited- I think you’ve done remarkably well- fantastically well, and yet you retain your humility and seem very grounded- good for you )

As for me, I gave myself 8/10- not because I’m arrogant, deluded or uppity- but because I am pleased with what I’ve done. It seems like most of us here came from humble…[Read more]

C2, Thanks for your reply :o)

I do believe equity is like cash. So alike, in fact, that it *is* cash )

As a person who rarely has a cent in my bank account, I rely on equity to realise future financial freedom. To me, there’s not much difference in saving 20K or paying off a mortgage quickly and having the 20k in equity. I put all my money into…[Read more]

Dovie, I’ll chuck in an alternative perspective here.

Investment is *risk* and if you wait to pay off your home, you won’t be investing for many years to come. But before you can probably make any changes anyway, you need to know what your house is *really* worth. Did you get a market appraisal from a real estate? (These are often inflated…[Read more]

Props- just a quick reply to you :o)

I have only noticed that your use of English is excellent- very much like those people who have spent a lot of time living all over thew world- full of nuance :o) The only way I knew you weren’t from an English-speaking background is that you said so yourself in a post where you queried the use of the term…[Read more]

mcollins,

A good idea would be to look up “wagga” in the search engine on this forum and see a variety of answers to this question.

As to my opinion, wagga, with a population of around 50,000 is a pretty good place to invest. Prices have remained pretty flat in wagga (although an IP I bought 3 months ago did just have a bank valuation done on it…[Read more]

As I said in another post, when my ex and I went to get our first loan, we took the mortgage broker out the back of our shared uni household, and sat him down on a milk crate. At the time, she was earning 13k and I was earning 17k- both on part-time jobs, and we still got our loan! :o) (the mortgage broker was probably wearing a suit though-…[Read more]

Mini,

Another question for you :o) If the costs of the houses are so low, and the tenants are paying around 20% rent, why don’t they buy it themselves? A loan for them, over 25-30 years, would see them paying similar rental as mortgage repayments. Does the FHG exiast in NZ?

kay henry

Dear Mini,

Thanks for your comprehensive answer to my question :o)) I know this would have been answered elsewhere and I could do an archive check, but… does one get the same tax benefits as one might in Australia if one buys in NZ? and does one have to pay CGT etc upon the selling of IP’s in NZ?

kay henry

westan,

I did a bit of research on BH a few months ago. The population has been about halved- from 40,000 to 20,000 over the last few years. 20,000 is still a reasonable population.

A new local mine has opened up there very recently. There are something like 30 art galleries in the town, making it something of a potential cultural centre. Pro…[Read more]

PererM,

I see what you’re saying :o) I guess my thoughts are that people need to be investing very carefully anyway. A lot of the investment seminars were attended by “mum and dad” first time investors. A 450k OTP apartment bought 2 years ago was probably an unwise investment for the young man- given that the deposit bond strategy ended at least…[Read more]

Mike!!

Don’t be so cryptic- teeell!! It’s like torture!

kay henry

Sorry Phil- it came out looking like a picasso. Never mind- the thought was there

kay henry

LuckyPhil,

In honour of your first emoticon, here’s a little bunny for you. I drew it myself )

() ()
( . . )
() ()
( )
(o) (o)

kay henry

ok richmond :o) I’m a newbie but I’ll give it a burl.

1) What was the prime motivating event in your life that created a focus on the need to invest?

Fear of not owning my own home when I’m old- I still don’t own my PPOR, by the way, but I’m not very old yet!!

2) What have you in fact done about it since then, and rate your achievement.

I’ve…[Read more]

MiniMogul :o)

You get 20% on cf pozz IP’s. So is that 20k return on a 100k IP? Do your 100k IP’s get a rental of 400 bucks a week? Or is it commercial or other property you have invested in?

kay henry

angel :o) I think you’ve left your caps button on!

There are many books to read. Read whatever you can, and work out how much you can borrow. It’s always a good place to start, I reckon. A good mortgage broker can discuss that with you and then just check out every property you can find until you find one suitable for your needs and…[Read more]

awww shaun :o) Hope you went well in the job interview [:X]

By the way, how do you get mortgages and loan money without a job, shaun? Or do you wait until you have one before you borrow again? Would anyone really disclose a “change in circumstances” as required by lending bodies? And I wonder what the bank would do if we told them we were no…[Read more]

Glad we’ve moved from anger about the lazy, stupid poor to “the ex”- now I can relax []

kay henry