Hi marty and guys

i’m a buy and hold man also, but i’ve recently changed my strategy. decided to sell about 1/2 my properties because they had appreciated far more than i would ever have believed. i buy for cash flow, so i’m selling properties for 90k and will reinvest in New Zealand where i’m buying properties for about 40k and giving me the…[Read more]

hi rod
i’m an Aussie and i had no problem opening a NZ bank account, i did it in person when i was there 2 weeks ago. and a loan was easy actually less paperwork required than some aussie banks i’ve been using.
westan

thanks wilanddel
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hey it works
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theres no stopping me now[8D][^]
westan

hi diamond
having a rest if your off “color’ and can’t “cut” it with the rest of us is a “brilliant” idea. i’m sure you will me “sparking” tomorrow.
O those stupid diamond jokes are making me feel sick.
if you had a LOC and had the cash you can spend it how you like, car , boat or NZ property. so you can buy theproperty outright with the cash and…[Read more]

hi brighton bob
going to repeat recommendations already given, but the best place to start i believe is
“Rich Dad Poor Dad” by Robert Kiyosaki
and i also loved
“Real Estate Riches” by Dolf DeRoos
regards westan

Stawell Vic.

hi marcell
the market is at the top, or very close to it. Historically property moves in waves, this wave has been huge, running longer than anyone expected, and for good reasons some local eg FHOG and some international eg poor stock market performance, the property bubble is an international pheonominon ( we need a spell checker). What has…[Read more]

hi fullout and becky

sound about right becky, if the agents know you are serious they will send properties your way. i,ve just sold two in Millicent (bought 12 months ago for 52 sold for 88 and 93), the agent just rang a list of investors who are waiting to buy, sold without advertising, maybe that means perhaps i could have got more but 5 weeks…[Read more]

hi 007

i think they would be able to get finance on a property if they are cash positive. it shouldn’t be a problem if they could meet the banks seviceablity, which should be achieved with cash pos. property. my son was able to refinance (to pay back a family member) his first invesment property and he was unemployed at the time. but because the…[Read more]

Neologism

try these site for share forum
investorweb.com.au
stockhouse.com.au
hotcopper.com.au

but be wary. many people only post on these sites to create attention to stock they hold in an effort to send the price higher so they can sell. the practice of “ramping” was popular during the tech craze. one person would have multiple identities and…[Read more]

aussierogue

i’ve got two properties in morwell, they have both had a change of tenant in the past 4 months and both were rented out quickly (under 2 weeks) and both the rent went up 120 to 125 and the other 125 to 135. but vacancy appears to have increased slightly in a few areas in the last couple of months (eg. portland), this is the quieter…[Read more]

minimogul
great to have visits from you and other “propertyinvesting” forum member. You friends school in oamaru sounds great, and Oamaru is buzing as a community. (for those who don’t know pop about 12,000). wouldn’t mind living in oamaru but prices have pushed just a little to high for me. let us know if you are in Vic before Jan and i would be…[Read more]

hi fullout
that’s right most regional towns have very limited stock of properties for sale, it is getting harder and harder to buy cash positive. Properties at the lower end are selling before listing.
westan

minimogul

i’m in Victoria a town called stawell 220km from melbourne. when we go to New Zealand we are thinking of living in a house we bought in Balclutha 36k and split into two flats we will convert it back to one home to make it big enough for the wife and four kids (not that my wife is Big). will use this as a base. where are you?sydney isn’t…[Read more]

Hi Diamond and welcome,
yes i too find this forum fantastic.
as i do investing and particularily property investing.
in New Zealand you have to put in a written offer, but the rest is very similair to Oz. a good little book i picked up on a recent expidition to NZ was “residential Property investing in New Zealand” by Dudson and King. Seams to…[Read more]

Hi minimogul
thanks for your post about NZ.
where abouts in kiwi land are you from, and i am i right that your NZ properties are in the north island?
do you keep a close eye on whats happening in NZ, i’ve been purchasing in waimate because of the good yeilds and project aqua, do you have any comments
regards
westan

scott

i too hear stories of unbeleivable investor practice. an agent in horsham told me on wednesday how he had an investor make an offer on a property then asked where horsham was. i know some agents who won’t even accept offers on properties unseen anymore because of some very amutueristic behaviour by some investors. i have been amazed at…[Read more]

Hi all
Leigh i think negative posts are very valuable and thats one of the great things about this site freedom of expression. it’s always valuable to way up the pro’s and cons and make informed decisions. David that quote is worth considering.

OK lets put the cards on the table. those who have been investing in the property market for over 5…[Read more]

sooshie

your story reminds me of the saying “when the Taxi driver gives you stock tips it’s time to sell”. Thinking now could be time to look elsewhere recently sold four properties planning to sell six more (will keep 11 in Australia and 3 just purchased in NZ), just to cash in some great capital gains and prepare to reinvest more in NZ. it…[Read more]

hi gianni
tamara is right do it through NZ. i was in NZ last week and found finance through Bank of New Zealand. the guy i spoke to at Waimate was extremely helpful, as i found most Kiwi’s. when you go there to look at properties call in to a local branch as well as brokers. i had no problems getting 80% finance.
westan

hi gizzo

your worse than me, i just stuffed up and sent my post twice you did one better, well done. i think my problem is when i push the “back” button and then “refresh” it posts the message again.
Anyway
property manager in Elizabeth. please call i would rather not post names on this forum. happy to share on the phone call mob. 0415438666 or…[Read more]