I am new to this site. My big question is where are the bargains. I have been scrolling the internet sites of numerous land agents around the country and can find no properties that could be positively geared. Can anyone help.
It is hard, you can find them in country areas but I think that they are not worth buying. You might try New Zealand. It still provides positive cashflow and growth
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
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Hi Elbows,
Welcome to the site. This same questions has been asked before and usually gets the response “go and do the hard work and find out yourself”.
Nigel is on the right track with NZ. There are good deals around over here and another thing is that the industry is starting to mature. What I mean by that is that as the level of information availbale to Aussie investors increases they are demanding better deals and receiving better service. If you are looking to buy and hold and make a serious long term investment then now is the time to buy.
One point I would make is if you are thinking about investing in NZ jump on a plane and at least visit each town you wish to invest in. If you do it that way when deals come up you will find yourslef buying three or four rather than getting one deal and losing sleep over it.
Cheers
Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me"I think of finance as a technology, a way of getting things done." Robert Shiller
Hi Elbows
i’m with Nigel and Don, NZ is a great place to start. Although even in NZ its getting hard to find properties that after a 80% loan will put money in your pocket at the end of each month. But its so much better than OZ. Sadly you could spend forever looking in Oz and not find a suitable deal.
regards westan
We find cash positive deals showing 15-25% Returns in the USA email me at [email protected] to join our database
Thanks for the responses. Can anyone point me in the right direction re: suburbs/towns to check out and land agents that may have been used.
Hi ,
Use the search button in Kiwi forum.Yuo will find more than enough information.
Also visit http://www.propertytalk.co.nz which is a NZ forum.
Cheers.Hi
You could fly over to NZ.Do research before you go and choose the towns that fit with your plans.I feel you need to have a good knowledge of the areas you are going to invest and also meet some RE agents so when you come home they will keep you informed of the new listings.Most of the good properties don’t make it to the net.Also if your looking closer to home where ever that may be I have found hitting the pavement and visiting the RE offices the best way to find deals.This way they may also put you on their e-mail list for new listings.
Lisa[biggrin][biggrin]I have one investment property in the Barossa Valley which for those that don’t know is about 1 hour drive north from Adelaide. Excellent area to have an investment property with very low unemployemnts rates nd a huge wine and tourism industry. The best way I have found to obtain properties cheaply is to buy older houses on corner blocks and then sub divide. Thats my plan at this stage. Anyone have any experience here.
If Westan is not going to promote his services i will.
The world is a big place and opportunity lies within it. The US has some exceptional returns both in the way of Capital Growth opportunities and positive cash flow.
Why not ask Westan to pop you on his mailing list and see what he and Alvin can find for you to look at.
Cheers Richard
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Allow me to take a different tack to the essentially geographic responses you have had. The CF+ deals are in your head, which is were your maximum leverage exists. Subdivisions, new uses for old properties, developments, wraps (or in SA lease options) – the list is endless. don’t look foor properties on a platter, that went out with the 90’s. Look for properties where you can improve something to make them CF+.
Thanks for your responses. I have been educating myself with books from McNight Jenman and others. I understand where I go from here in current market. Feeling positive at this time. You learn alot reading!
I have heard a lot of positive feedback about investing in the USA, would there be more opportunity there then in NZ ??
Snowball
Hi Snowball
i started buying in NZ in 2003 at one time i owned about 25 properties, however i’m now selling (usually for double the price i bought at).
The NZ market still has some great deals but they are harder to find.
Personally i love the US. That why i’m selling in NZ, i’m taking my investment Dollars to the States. I’d love to live there for investing bt i can’t talk the lovely wife into it. But i was able to convice her to move to NZ 19 months ago (so who knows).
So to answer your question, personally its the US for me.QLD007 thanks for your comments, i’m really passionate about the USA but i don’t want to turn my posts into advertisement for what we are offering other investors.
don’t look foor properties on a platter, that went out with the 90’s. Look for properties where you can improve something to make them CF+.This is partly true in OZ but maybe make it 2003, NZ was great till last year, but the USA you can still buy them on a platter. Most of my US investing $$$ has gone into areas where we are buying 15% returns in an area where the population and economy is booming and i can still buy and get instant equity in the home.
regards westan
http://www.nzpropertytogo.com
check it out !
Properties in the USA 15-25% returns- email to join our database [email protected]The bargains are all around you.
You need to study the market and be in touch with what is happening. Many bargains do not even get advertised – others have been advertised so long that noone sees them anymore.
The trick is to recognising them and knowing when they are a bargain.
Cheers,
Simon Macks
Residential and Commercial Finance Broker[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Hi there. My experience is if that everyone is talking about it, its either old news or close to it. I’m with Mort Hunter – they are around you in Aus and antwhere else, just have to look and look some more.I’m sure there are good deals In USA & NZ also. Subscribe to API magazine and find out what is old news, so you may not waste time looking in a particular area.
Best of luck.Steve B
You are right Ronny. Time to re focus. Cheers.
IT’S ALL GOOD.
Firstly thanks Westan, for your reply, good luck with getting your wife to the US.
I guess my way of thinking is I have a mortgage of just below 200k but a good wage to supplement that. I have 1 X IP that basically looks after itself. I don’t want to wait another 5 years for my mortgage to go down further, Im prepared to start investing but feel I need some good returns to kick me off and I guess give me a small safety net. That is why Im thinking of looking Overseas to get those returns, but as you all say, there are some bargains still here, and I will keep looking. Im very determined to make a start.
Snowball
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