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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of tbarretttbarrett
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    @tbarrett
    Join Date: 2003
    Post Count: 7
    November 3, 2003 - 4:19 am

    Points to consider –
    You need to make sure 65% occupancy really translates to 65%.
    Also they are putting up resorts in Fiji at a fast pace – you need to make sure you dont end up getting superceded.
    Additionally, Fiji is not a very politically stable place – it’s had 2 coups in 10 years. Ask the locals what happens to the market each time – it dies big time and take a long time to recover..
    It’s also in the tropics and cyclone prone.
    I was in Fiji a couple of weeks ago so decided of have a look at property – the yields on property (at least in Suva) is very average for a higher risk location – about 5%, so its negatively geared .. if their tax systems considers this.
    New Zealand is a much better option.

    Cheers,
    Tim Barrett

    Profile photo of tbarretttbarrett
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    @tbarrett
    Join Date: 2003
    Post Count: 7
    October 29, 2003 - 6:09 am

    Could you send me a copy.

    Thanks,
    Tim Barrett
    [email protected]

    Profile photo of tbarretttbarrett
    Member
    @tbarrett
    Join Date: 2003
    Post Count: 7
    October 29, 2003 - 5:10 am

    Kevin –

    Can you advise what you have factored into the “closing costs” so I know what costs I am allowing for.

    Also – does MelBear enhanced mean there is another version? Could you email it through.

    Thanks – it’s a really useful tool.

    Tim Barrett

    Profile photo of tbarretttbarrett
    Member
    @tbarrett
    Join Date: 2003
    Post Count: 7
    September 18, 2003 - 2:23 am

    I am looking at an NZ purchase and trying to figure out the best structure to buy it under as an aussie investor.

    Ive had advice from my accountant to set up an NZ company and purchse through this, but not to bother about a trust.

    I think his logic is that with the company structure I dont have to distribute earnings so I can keep it all in NZ and reinvest.

    Has anyone had any alternate thoughts or advise?

    Thanks,
    Tim Barrett

    Profile photo of tbarretttbarrett
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    @tbarrett
    Join Date: 2003
    Post Count: 7
    September 18, 2003 - 2:03 am

    If Gillis Delaney Brown who I use in Sydney have an office in Perth then I would recommend them – I have used them for option documents successfully.

    Regards,
    Tim Barrett

    Profile photo of tbarretttbarrett
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    @tbarrett
    Join Date: 2003
    Post Count: 7
    September 18, 2003 - 12:38 am

    Im a TV Producer with a pashion for property!

    Ive been investing in property for a few years, but because it was mainly on a negative gearing basis Ive been wondering until recently how I was ever supposed to stop working and reep the rewards!

    Now im focussed – Cashflow positive property. Ive sold off almost all of the neg. ones!

    Ive also been doing some more active property investing (small scale developing) as it’s the easiest way Ive found to extract $ from property in the Sydney market. Im current project is 6 townhouses on 2 blocks in the Dundas Valley.

    Great to hear all your stories!
    I havent been a ‘net forum’ person but this one is terrific.

    Regards,
    Tim Barrett

    Profile photo of tbarretttbarrett
    Member
    @tbarrett
    Join Date: 2003
    Post Count: 7
    September 12, 2003 - 3:47 am

    Sorry about the last post – just getting used to how to email these forums.

    Ive spent the last few hours reading right through all the comments on NZ – the insight is terrific.

    Im heading over to NZ late next week to do a bit of on the ground research! A few days in Auckland and surrounds and a quick trip to Wellington and surrounds.

    Would love to hear your opinions of Paraparaumu and the Kapiti coast.

    Regards,
    Tim Barrett[8D]

Viewing 7 posts - 1 through 7 (of 7 total)