Hi there,
can you provide more info, where is the holiday home?

thanks Mini and Westan I always appreciate all the info you provide.

depreciator, thanks for reply, not worth ending up in hot water. Cheers[blink]

apologies Purplekiss, NOT MANTLE PIECE.
Still stands, the 2 places I recommended have lots of goodies. Probably Statewide as a larger selection, though the other is cheaper generally.

Hi Purplekiss
Try Statewide Salvage, Bassendean for the fire surround. I have picked up some great pieces here.

I recently purchased a fire surround from Diggers and Truckers in Stubbs Terrace, Shenton Pk (1 month ago)for $260.00 would you believe in excellent condition! Lightly rubbed it back, came up a treat, it is now in my bedroom.
Good luck

Sorry Minimogul forgot to add …….read one of Muppet’s post where he mentioned PM fees of 10% +GST, CRICHEY…….. Is that average going rate for NZ…..
How is a potential NZ investor to break even, let alone make any money.

thanks for reply Minimogul, but it doesn’t sound like there are too many of those around??

Thank you for replies, I am now focussing on +ve props and this is very helpful. CHeers

Hi Rusty
Derek is always on the ball..
I pay 7.5% + GST am in Perth. I actually thought this was OK compared to what I have been quoted. I guess at the end of the day I dont mind if I pay a little extra if I get top PM.

Derek and Scott
Many thanks for advice. Looks like it will remain a holiday home for now anyway.

Rob,
Thanks for your reply.
$10,000 covers all expenses the loan, rates, maintenance etc. on property. Loan is approx. $120,000, however this changes all the time as it is an equity line and we try to reduce loan whenever possible and property was…[Read more]

Hi THere, you may find this book interesting “How investing in commerical property really works”.
Martin Roth and Chris Lang and they from OZ

HI there, sounds very interesting, and good on you for giving it a go.

I am not keen on partnerships, it would not be the way I would go.

The bottom line is make sure you purchase quality real estate. In other words properties you can sell if you need to and properties that will grow.
Good luck

HI there, just want to comment on Perth Properties.
I believe beach side locations still performing well.
Viewed a property 1 year ago – sold for $185,000 (200 mtre from Beach) sold a couple of weeks ago for $285,000 in 4 days.
Amazing……
Units – in Wembley – poor capital growth. Dubious clients??
Derek, Mt Lawley great area, and would…[Read more]

Just want to comment on Perth properties.

Still no holding back beach side locations.
I looked at a property last year sold for $185,000 and placed on market again for $285,000 sold in 4 days about 200 mtres from beach.
AMAAAAAAAAzing…..

Hi,
I guess at the end of the day you need to look at the long term.

Commerical is a very different market from resi prop. Have you researched this area? What if you close business, can you rent again, can you sell? some commerical properties can stay on market for years.
All these variables need to be considered before purchasing regardless of…[Read more]

I think it is great to hear about all these +ve properties, beach front locations etc. bla bla bla

But are you brave enough to provide further details…. Lets get real here, lip service is cheap…..

Hi Jo
snap it up …. $10,000 so what, dont be short sighted, think of the big picture.
In the scheme of things, $10,000 in terms of repayment is maybe an extra $50.00 pm.
Redevelopment potential and resale would be what I would be focussing on.
Go for it.

Hi there, have been trying to reply to your post for some time now, computer keeps craaaaaaaashing….. need a sledge hammer ….

Anyway, last time for what its worth.

Agree with most:
You need to amalgamate loans and seek professional help. If you can access free Gvt service – even better.

What about preparing a personal budget, review this,…[Read more]

Hi there,
I dont see any advantage to selling your villa in order to buy a positive prop.

Have you researched what is available in terms of +ve geared properties, I think you may be disappointed.

We sold a great IP property about 8 years ago …. biggest mistake, havn’t sold any since.

Good luck

Hi Geo,
Ah Well…. you live and learn, I guess you will go it alone from now on.

However, I do agree with most comments, seek professional help, and who knows you may salvage the friendship down the track.

Good luck