Forum Replies Created
Hey Bridgette,
I am limited in my funds. Max $35KI only want to buy a property that is on a free hold section and that is in a high renatl demand area that will grow (have capital gain).
I want to have capital gain and don’t want my property to be rented to unemployed people who could trash the house. Hence why the area has to be attractive.
As I am wanting to buy a property for investment purposes, it really does have to be in an area that has little unemployment and again is in an area that is in demand for rentals.
This was pretty much my criteria too,except perhaps, I was a bit more limited in the funds department[
]. I bought a small cottage 6 months ago and cosied it up (with batts and paint), I could have let it out six times over, (if I had of got the painting finished sooner[]). As this was my first rental purchase here, I am no expert, and can only tell you of my own experiance with this one cottage. However, I did not avertise for tenants at all, just asked around, and have got great people in there now.
Tell me, what attracts people to Gore?
Is there a lot of work in Gore? as I have been told otherwise.Gore township is sort of like the hub for the surrounding district.. There are two freezing works withink 10-15 mins from the town, a dairy (chesse?) factory twenty minutes away, and another one in town, a tulip bulb farm and factory, two timber yards plus there are a lot of dairy farms, and of course millions of sheep. So quite a bit of the work available around here is seasonal, but it is quite consistant, with different jobs going in the off seasons. Also Invercargill is only 40 minutes away, and have heard of some people commuting there for work and study.
There is Kentucky Fried chicken here, but no McDonalds, heaps of childcare places, good schools, they run some of the “free fee” courses here, in conjunction with the Invercargill Polytechnic (SIT), they have good sports facilities (just opened the new swimming pool/ice skating rink), and of course the trout fishing here is world famous, (or so the signs say anyway!). Ooops, nearly forgot, they hold the annual country music awards here too, they call them the gold guitar awards, and they seem to be getting bigger and bigger every year. Gore has a sister city type thingy going with Tamworth(?) in Austrailia with regards to this. Dont know if that last one was relevant or not, but thought I’d throw it in anyway[]. On the downside Gore does have a reputation as a bit of a hoons town, with boyracers being a bit of a problem, however the town planners have put in roundabouts all thru the mainstreet to curtail them, and have made the town look much better and safer at the same time.
My own personal strategy is that I am going for CS (cashflow), but am thinking that some CG might not be out of the question, ever hopeful anyway [], but not counting on it! Good luckHi Guys,
Cancer too [] , Monkey in the Chinese side of thingsHi, my main motivation (apart from the money, security and the kids!), is that canvas is soooo expensive, and when you get a house, you have all those lovely walls you can paint anyway you like, and they pay for themselves [
]
PainterHi again. Muppet, thanks for the welcome, have been lurking around the forum boards to shy to speak up[
], think i’m over it now [].Westan,
Quote:Hi painteri’ve bought two properties in Balclutha and will be moving there next january if all goes to plan. i’ll have to catch up.
westan
Quote:Hi, Welcome in advance, to this neck of the woods. I haven’t been here very long myself, but the people round here seem really friendly. I come from a wee town in Central Otago, and moved here in May, . I have bought a couple of old houses here and working on renovating them at the moment. Getting a hands on education, so to speak (read total novice). Hope all does go to plan for you, and yes, do catch up, will be good to have another like minded person in the area []Painter
Hi Guys,
This is my first posting too, and I love this forum, everyone is so friendly and helpful. I am a 35yo single mum of three who works in orchards on a contract basis mostly and picks up anything else that is going when the fruit is not. Is a great job to have time wise, as you can work around your visits with real estate agents, brokers, houses etc []
]. I bought a small cottage 6 months ago and cosied it up (with batts and paint), I could have let it out six times over, (if I had of got the painting finished sooner[
]). As this was my first rental purchase here, I am no expert, and can only tell you of my own experiance with this one cottage. However, I did not avertise for tenants at all, just asked around, and have got great people in there now.
]. On the downside Gore does have a reputation as a bit of a hoons town, with boyracers being a bit of a problem, however the town planners have put in roundabouts all thru the mainstreet to curtail them, and have made the town look much better and safer at the same time.
], but not counting on it! Good luck
], think i’m over it now [
