Monday June 26, 2006
By Anne Gibson

New Zealand’s residential property market is one of the world’s most risky and second only to Denmark in the likelihood of a serious price correction, says the OECD.

The organisation studied 17 countries and found New Zealand one of the most hazardous…[Read more]

Has anyone registered at http://www.seizedluxuryhomes.com ?

Apparently it is possible to buy cheap luxury homes in the States.

Regards

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Has anyone registered at http://www.seizedluxuryhomes.com ?

Regards

Join us at http://www.propertytalk.com

Sounds as if it is easier to invest in New Zealand.[baaa]

Closer to home.

Easier finance.

Bargains starting to appear again as there are more sellers than buyers.

Regards

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Have you tried asking your question on http://www.propertytalk.com

There are some people on that forum doing what you want to know.

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I use Southern First National Ltd, Manuwera Rentals
25A Station Road, Manuwera.
Ph 09 267 2678 and ask for Viv Canham.

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What is the BRW Magazine and does it have a website?

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You said:
WHY do the kiwis drink out of saucers ! because the Aussies won all the cups!
What is the Wallaby Rugby team drinking from then?
Didn’t notice them winning much last year.[baaa]

Regards

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Try asking your question on http://www.propertytalk.com

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Most councils in NZ have the rateable values of property on the web.

RV can mean Rateable Value or Registered Value and this can cause confusion.
Rateable Value is used by Councils to set Rates payable by the landowner.
Registered Value is a value put on a property by a registered valuer for valuation purposes for a bank loan.

The…[Read more]

Print hard to read.

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Capital growth in Tokoroa about 48%.

Great stuff[thumbsupanim]

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I am sure that the market in Tokoroa is slowing.

The number of properties for sale in the 0-100k bracket is about 30 more now than it was 8 months ago, but still not at the number there were back in 2003.

All properties have gone up in price and those selling now have made good capital gain.

A number of Aucklanders seem to be in the…[Read more]

I thought this was a forum for New Zealand content.

Come on Moderators, either create a new forum for USA content and there is comment in other forums on the USA or tidy up some of the rubbish/personal attacks being made in this forum in particular please.

On second thoughts, shut down the NZ forum and start an USA forum as it appears…[Read more]

Two Points

1. NZ has won the rights to host the World Rugby Competion in 2011 AND Australia voted for Japan.
I wonder why. Obviously there are no NZ born people in the Australian Rugby Union.

2. I see that you are moving back to Australia. I hope that you aren’t deserting a sinking ship.[realsad]

I hope that we can catch up with each…[Read more]

Does Australia have a rugby team?

Hadn’t noticed it having much success lately?

It appears that Uncle Tom Cobblee and all can beat it.

It also appears that a NZer has offered his services to help coach the team.

Now that is a good one.
Still half of Australia’s population were born in New Zealand so that isn’t unexpected.
Half the…[Read more]

And Mr Cullen’s reply,
Key should grow up
Wednesday, 9 November 2005, 1:19 pm
Press Release: New Zealand Government
Hon Dr Michael Cullen
Minister of Finance
9 November 2005 Media Statement

Key should grow up

Suggestions by John Key that the government is considering imposing a capital gains tax on investment property are…[Read more]

What cities/towns are you visiting?

Regards

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You said:
That is a great article to summarise this industry. Cheers Muppet made my day

Thanks for that. Just trying to keep our Australian cousins informed about the play in Auckland.[biggrin]

I know of some Australian investors who have bought between 120 and 140 apartments in Tokoroa.
No comment at this stage.[bonjour]
I don’t think…[Read more]

The Local council is usually the best place to start..

However try asking the question on http://www.propertytalk.com which is a NZ based forum.

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You said:
What both of these places have over other towns like Tokoroa (which for the record I would not touch with a barge)

Ummm, what is the problem with Tokoroa?

A group from Australia have recently bought a large number of units in Tokoroa.
I wonder what they know and everybody else doesn’t if in your eyes you wouldn’t touch Tokoroa…[Read more]

New Zealand’s biggest and most popular property forum is at http://www.propertytalk.com.

It caters not only for those investing in NZ but for other parts of the world as well.

Regards

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Opotiki is a typical small NZ town.

It has a river flowing very close to it.
Close to the ocean.
Population of about 4000.
Serves a large country area which is mainly bush and forestry, kiwi fruit orchards, some dairy farms and sheep farms.
Areas along the coast line near Opotiki are being developed for housing.
Rents bear no…[Read more]

What has the Gold Coast to do with the Kiwi Property forum?

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The latest news on interest rates in NZ from the goodreturns web site:

Floating rates to remain up
Weekly Home Loan report: The prospects of lower floating rates have been pushed further into the future.

Tuesday, 20 September 2005

By Janine Ogier

The Reserve Bank quarterly monetary policy statement proved to be a “steady as she goe…[Read more]

Regards

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I suggest you use the search function and look for postings by Quiggles as well as the USA.

Also do a search on Somersoft for the same thing.

Quiggles has made some very interesting postings on his trails and tribulations of investing in the USA.

You can also PM Westan and join his mailing list as his team is already sourcing property in…[Read more]

Please note that the biggest mill in Tokoroa that employs about 950 workers is not closing.

However another of CHH’s mill(the plywood mill) has closed one shift with the loss of 40 jobs. Some of these workers will be leaving Tokoroa and moving to Australia. There will still be 200 other workers continuing with the other shifts.

And yet…[Read more]

Please be aware that CHH have at least 3 mills in Tokoroa.

1. Pulp and paper mill = 1000 employees. Most of the WORKERS life in or near Tokoroa. The MANAGERS life in Rotorua and Taupo and use company vehicles to come to work. It is this group that Graeme Hart will target NOT the workers.

2. A Plywood Mill = 240 workers of which 40 are…[Read more]

The latest about Graeme Hart’s buying up off Carter Holt Harvey.

CHH sales possible after Hart completes review

01.09.05
Graeme Hart, New Zealand’s third-richest man, plans a “comprehensive review” of Carter Holt Harvey after his $3.27 billion takeover bid for the nation’s biggest timber company.

Offer documents filed with the stock…[Read more]

The 40 workers laid off were at the plywood mill.
They were laid off because of a downturn in the Australian housing market not needing so much plywood.

There is a fair bit of uncertainty in Tokoroa at the moment as nobody knows what Graeme Hart will do with the Kinleith pulp and paper mill.

About 900 workers work at the mill…[Read more]

Kathy, Property Manager at Harvey’s won’t manage houses or flats in certain streets of Tokoroa.

Regards

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Tracked down a newspaper item about the Labour Party’s housing scheme:

Labour vows first-home deposit help
23 August 2005
By REBECCA PALMER

Labour is promising to introduce an equity share scheme in which the government could provide first-home buyers with up to half the deposit needed to buy a house.

Housing Minister Steve Maharey…[Read more]

Is it 50% or 5% the Government may assist with?

I can’t see any Government in NZ contribute 50% of the cost of house.

Regards

I get into PI a few times a day to keep an eye on this forum.

Propertytalk is keeping me very busy as well.

as well as several thousand in Australia and Asia,

Appears to be that a few thousand Australians are employees of CHH as well.

General feeling is that Graeme Hart(new owner of CHH) tends to hang on to his new acquistions.

To…[Read more]

Latest news item.

Hart deal puts mill towns on edge

Graeme Hart’s $1.6b swoop wins control of Carter Holt.
18.08.05
By Mathew Dearnaley

Provincial New Zealand is holding its breath over an audacious takeover of Australasia’s largest forest-products conglomerate by this country’s richest man.

Former tow-truck operator Graeme Hart, who…[Read more]

If you are looking to buy in Bulgaria then buyer beware:

Bulgarian Real Estate Market Shivers in Floods Aftermath

Business: 8 August 2005, Monday.

The real estate market in the areas worst hit by floods has seen a considerable shatter.

According to realtors as quoted by Investor.bg online edition, such natural disasters influence the…[Read more]

You said:
Because if everyone buys there you can certainly artifically inflate the values

This can apply to anywhere in the country.

Regards

You said:
Remember it is possible to oversupply an area with investment properties.

Interesting comment.

For there to be an oversupply of investment properties can arise when
1. the live-in owners sell to an investor and leave the district.
2. prospective tenants leave the district.
3. prospective tenants decide to move in with…[Read more]

Have you done a search on http://www.propertytalk.co.nz as Tokoroa comes up reasonably frequently.

Location often dictates as to how fast a house rents out for.

Some streets are very slow to rent in. eg Marr Pl and other areas have waiting lists eg the Wai area or the North area.

For average rents in Tokoroa try this…[Read more]

You might have have more luck with your question on http://www.propertytalk.co.nz

Regards

Well said.[baaa]

It is happening on all property forums where newbies come on and ask the same questions and wanting instant answers.

It took me nearly 12 months of research and self educating before I bought my first IP.

Regards

As someone said in another thread a 20% gross yield in the USA is the same as a 10% gross yield in NZ because of a different tax system in the States.

And the 10% deals are still to be found in NZ.

Regards

Piggy said
does Muppet also get one for promoting your service or is he a friend

No I don’t get a commission. I have no desire to invest in the USA. I am watching with amusement the amount of interest being shown in the American market.

However I have met Westan and respect his integrity in the services that he offers. Many Australians…[Read more]

Mabbot said:
It’s great that you’re able to help people find properties their but are you against offering anything for free.. like knowledge for beginners??

Westan and his brother Alvin have spent more than twelve months setting up the systems to allow them to find property for prospective investors.
These investors haven’t got the time…[Read more]

How many coming to Tokoroa?
Anybody want a conducted tour of Tokoroa?

Regards

Matata, a little township of about 300, 24kms north along the coast from Whakatane was very severely hit by mudslides and floodwater today.

I think just about the whole town has been evacuated.

Flooding also in Edgecumbe which was hit last year as well.

Tauranga had a couple of days of very heavy rain. Several houses built too close to…[Read more]

Location rules supreme in Tokoroa.

Our tenants left one day and new ones were signed up next day at an increased rental of $25 per week.

Heard tell that there is a vacancy rate of between 130-150 properties. Harvey’s is the only agency who is posting their list in the window.

Don’t know exactly why the vacancy rate appears to be so…[Read more]