Hi,

No they don’t have any FHOG…
which is probably why housing is still affordable in lots of areas.

Del

http://www.nzpropertytogo.com

Hi Kristine,

You are correct that you ALSO require a cluey Australian Accountant who understands about NZ investing.

Our accountant is excellent, however he is based at Warragul VIC.

A lot of others here also use Dale Gutthrem Goss. You could do a search on the forum to read lots of discussion about him. Not sure about how well they know the…[Read more]

Hi Sue,

I totally agree with you about the distance thing.

It doesn’t make any sense to use tradespeople from faraway suburbs when they will probably all charge a travel fee etc. I couldn’t blame them either. Time is money!

Can any of these minor jobs be done by a maintenance man?

Del [biggrin]

http://www.nzpropertytogo.com

Hi Ian,

What if it’s in a depressed market where the property will possibly go down in value?

What if interest rates are on the rise?

What if you’ve had all the capital gain that you forsee for the next few years?

In these circumstances, could it not be smarter to use your “profits” rather than 100% finance?

In a rising market things are…[Read more]

Hi Ash,

You are doing a similar thing to us.

We are going to attend Michael Yardney’s ‘Real World’ Real Estate Workshop. It is in June.

I am so excited about it, I believe it will be the best money we will ever spend on a seminar.

If you are serious about getting into this field, then it is probably money well spent. It appears to be…[Read more]

Best of luck finding a tenant Kerwyn, we saw the LONG lists of vacant houses also. OUCH!

Don’t stress too much about it. They will come when you least expect it!

Del

http://www.nzpropertytogo.com

Very wise Kerwyn, this is what I was trying to explain to the KA2 people. I hope they take our warning.

There are going to be lots of Aussies left holding the baby! [cigar]

One house that we bought there at the start of the boom had been on the market for 7 years!

Regards,
Del

http://www.nzpropertytogo.com

Hello Leigh my good buddy,

Yield – maybe 8.5% and over if it has the chance of reasonable capital gains.

The place has not been the same without you!!!

Talk soon,

Del

http://www.nzpropertytogo.com

Hi Dini,

Is it close to a university by any chance??
Could you rent it out by the room?

Sounds like it has lots of possibilities.
Good luck.

Del

http://www.nzpropertytogo.com

Morning all,

All that I can offer anyone going on the KA2, is perhaps to put on your contracts “subject to valuation”. It will cost you about $400, but may save you $1000’s.

Peter you may not be interested in anyone elses help, so this is for the others that may get taken advantage of.

Regards,
Del

http://www.nzpropertytogo.com

Hi Westan,

We have sold our 5 houses that we had there.
I’m afraid we sold way too soon, but that’s life!

We did look at houses for sale there last week when we were in Tokoroa, but we saw nothing worth buying. Everybody has different goals though, I guess.

I have real fears for these Kiwi Adventure 2 buyers, and I realise that I may not be…[Read more]

Hi Westan & Muppet,

I wonder if these new NZ investors realise that they will be “ripe for the picking” when they all want to come and buy lots of houses in Tokoroa.

“CAVEAT EMPTOR”!!!!!!

It is all about supply and demand.
This trip will AGAIN, make prices soar (temporarily) in Tokoroa.

Please spend time NOW getting familiar with prices in…[Read more]

Hi Westan,

Yes I agree with you about buying on 10% yields in this RE market… After taking insurances, maintenance costs, vacancies, etc..etc.. it is definitely NOT cashflow positive anymore on NZ’s interest rates. Many people seem to be ignoring this fact! [buz2]

We would not be buying in NZ at the moment in any town unless the yields are…[Read more]

Hi Tim & Jenny,

We were in Tokoroa last week, (we arrived home from NZ about an hour ago) [blink] and there were investors everywhere! I don’t see prices dropping in Tokoroa for a long time – if at all!! We will buy there again when a good deal comes along, unfortunately there wasn’t much for us last week…

All I can add about Tokoroa, is…[Read more]

Thanks for the reply Michael!

Will & Del [biggrin]

Hi John,

I suggest that you send an email or PM to “Westan”. He is the forum’s resident US guru, and is going there again very soon.

You can ask to join his US database. He is planning to do some info sessions on United States, in Melb & Sydney soon I think. We are trying to get there, as I think it would be fascinating to learn about US…[Read more]

Hi Michael,

We have booked for your June workshop, and are very excited about being there!!

However, our question is:

We currently live just outside Melbourne, but we will be shifting to QLD (Hervey Bay area) in December. Will what we learn be able to be applied in QLD, or do rules & regulations relating to development differ a lot from state…[Read more]

Congratulations Mark & Ruth,

That’s great news!! [biggrin]

There are some really talented people who frequent this forum!

Best wishes,
Del

Hi Alaine,

Personally if it were me, the return on this property at Hamilton would not be worth the hassles of investing off shore, ie… you will need NZ Accountants & tax returns etc., possibly a NZ structure, etc..etc… It can all get quite expensive, unless you are looking to buy quite a few properties there.

There are PLENTY of properties…[Read more]

Hi,

Dazzling – your post was definitely not a nonsense post and what you said is a valid point. I agree that is is usually a lot harder to get good $$ selling an empty house, rather than one that has beautiful furniture in it, that suits the home.

One way around this could be to not shift out of your home that you are trying to sell, until it…[Read more]