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  • Profile photo of Playa ChickenPlaya Chicken
    Member
    @playa-chicken
    Join Date: 2004
    Post Count: 128
    January 22, 2005 - 12:03 am

    Try http://www.lambertons.com for Lambertons.

    Also, once you have four properties in your portfolio in Tokoroa, the property management fee drops about 1.5% for each of the properties, so it’s important to choose and stick with one company to get the break in management fees.

    NZ Investor and BirdDog

    Profile photo of Playa ChickenPlaya Chicken
    Member
    @playa-chicken
    Join Date: 2004
    Post Count: 128
    January 15, 2005 - 4:20 am

    There was a big property article in last Thursday’s Hawkes Bay Today (Jan 13) and it focused on the boom we’re experiencing at the moment, i.e. median house prices were $110K in March 2001 and had jumped to $195K by March 2004 and were at a record $236,500 in December 2004.

    Rents and wages aren’t keeping up with these prices, and unless you’re buying in the less desireable areas of Hawke’s Bay it’s not possible to show a positive cashflow. That said, you CAN still buy the odd rundown $25K fixer-upper in Hawkes Bay that will show a +cashflow (IF you can keep it tenanted), but do you really want the Mob for neighbours?

    Profile photo of Playa ChickenPlaya Chicken
    Member
    @playa-chicken
    Join Date: 2004
    Post Count: 128
    November 27, 2004 - 3:28 am

    I lived in Canada for 16 years so if you want to email or post the locations I’d be happy to give you my opinion on them.

    If they’re in a depressed, high unemployment area in go nowhere Provinces like Newfoundland or Quebec (there are always exceptions) where there are a lot of unemployed people and/or vacant houses, then I’d run in the opposite direction. But, if they’re in an up-beat town in a Province like Ontario, British Columbia or Alberta, I’d say grab ’em! As long as there’s rental demand and employment, the numbers look great.

    Vicky

    Profile photo of Playa ChickenPlaya Chicken
    Member
    @playa-chicken
    Join Date: 2004
    Post Count: 128
    November 21, 2004 - 10:53 am

    dangermouse, I live in the Hawkes Bay and finding a + cashflow property for $50K that is liveable in a decent area is, sadly, a thing of the past. [glum2]I hope you’ve done your homework on LOCATION!

    Cheers,
    Vicky
    [email protected]

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