New Zealand investing

Viewing 8 posts - 1 through 8 (of 8 total)

westan
Member
@westan
Join Date: 2002
Post Count: 1,950
June 24, 2003 - 12:32 pm
Hi everyone
i’m off to NZ on saturday with my 10 yr son. we are looking for properties in the south Island, a bit of site seeing also.
i am thinking of south of Christchurch, most likely Timaru, Oamaru, Dunedin or south Otago.
Anyone got anything to say that can help?
Or anyone want me to do some investination for them, let me know by Friday.
I like Oamaru because of Project Aqua ($1.2 billion), but some of the returns around Balclutha, Gore look great.
thanks
Westan
MiniMogul
Participant
@minimogul
Join Date: 2002
Post Count: 1,414
June 24, 2003 - 12:58 pm
good luck westan – I think you’re onto it.
cheers-
Mini
The DIY Dog Wash
Member
@the-diy-dog-wash
Join Date: 2003
Post Count: 696
June 24, 2003 - 2:04 pm
Hi Westan
I am looking forward to hearing your report when you return, I think many of us are keen to invest there, but just don’t have the contacts. It will be interesting to see what you think.
And have fun.
Cheers
Leigh K[]
Read, learn, grow but most of all just do it.
potzmoa
Member
@potzmoa
Join Date: 2003
Post Count: 5
June 25, 2003 - 7:39 am
They say that Invercargill could be an interesting place for property investing. Tim Shadbolt, the Mayor of Invercargill, pushed the Southern Institute of Technology, tertiary education, encouraging students to the area. This is working well. Invercargill is pro-technology so they have high speed internet. Important for attracting young people.
Dunedin is a university town, lots of students during term time. []
Ciao,
Potzmoa
potzmoa
Member
@potzmoa
Join Date: 2003
Post Count: 5
June 25, 2003 - 7:51 am
I’m a kiwi living in Japan and have local knowledge of Christchurch and Auckland. We have investment properties in Christchurch. It seems that lots of Aussies want information about NZ investing. There is a lot written about Property Investing in Australia and when I was in Melbourne visiting I was amazed with the size of the property investment section in the bookshops. NZ is following along and more information will come in time. When I was looking for property in Melbourne and Sydney last year in August 2002, I felt that I was too late to buy a ‘bargain.’ The rental returns in the Melbourne and Sydney were well down from NZ but the land values were much higher appreciating. It is not easy to deal from afar but it just takes time and research and trips.
Ciao,
Potzmoa
scott
Member
@scott
Join Date: 2003
Post Count: 110
June 25, 2003 - 8:11 am
Hi Potzmoa,
It’s good to get a bit of local knowledge on NZ, I’ve been intereted in investing over there since talking to MiniMogul at the masters seminar, but I don’t believe in buying without fully researching an area. As you say it’s not easy dealing from afar! At least now I’ve got some places that I can research over there. Still there’s no substitute for local knowledge.
Thanks for the tips.
Best wishes
Scott S
“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon
DaveC
Member
@davec
Join Date: 2003
Post Count: 79
June 25, 2003 - 10:44 am
Hi Westan
“Anyone got anything to say that can help?”
Well what can I say??
Take your winter woolies!!!!
Does Tim Shadbolt still tow his concrete mixer behind the mayoral vehicle at tax payer’s expense???
Forgiven but never forgotten!!!
Good luck
Take care
Dave []
westan
Member
@westan
Join Date: 2002
Post Count: 1,950
June 25, 2003 - 1:29 pm
dave i’ve got no idea what you are talking about, better be careful who i ask it may be his relative. Anyway i will pack my woolies looks very cool on the forecasts
thanks westan