All Topics / Hotch Potch / Where to invest in NZ for under $35K??????

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  • Profile photo of BridgetteBridgette
    Participant
    @bridgette
    Join Date: 2003
    Post Count: 14
    October 9, 2003 - 5:29 am

    Hello all,

    I am wanting to buy my first investment property in New Zealand.

    Why NZ as I am from Australia you may ask?
    B/c I can not afford Australia and personally feel that what you can get for under $35K in NZ is a lot better and I mean a lot better than what you can get in Australia for the same price.

    Here is the problem and where all of you and Property Experts can help.

    Where do I buy?

    I am limited in my funds. Max $35K

    I only want to buy a property that is on a free hold section and that is in a high renatl demand area that will grow (have capital gain).

    I want to have capital gain and don’t want my property to be rented to unemployed people who could trash the house. Hence why the area has to be attractive.

    As I am wanting to buy a property for investment purposes, it really does have to be in an area that has little unemployment and again is in an area that is in demand for rentals.

    I am looking at a property at the moment in Gore, just a two bedroom cottage that needs a little work.

    What are your comments about buying an IP in Gore?

    Can anyone suggest anywhere that is good to buy an IP that is going to grow and that has a very low unemployment rate?

    Thank you for your time and assistance.

    I look forward to hearing from you all soon.

    Kind Regards,

    Bridgette

    Profile photo of westanwestan
    Member
    @westan
    Join Date: 2002
    Post Count: 1,950
    October 9, 2003 - 6:45 am

    hi bridgette

    i suggest you get on a plane and go over and have a look around. i don’t like to say to much these days about NZ, it just creates more Aussie interest in the land of the long white cloud. But i’d be comfortable buying in Gore (i’ve got 2 there myself). some advice for you. i know alot of people who are regular to the forum and they would never take a deal out from someone, but we don’t know who is reading the forum so try to be a little more candid in future. i would hate someone steal this deal from you.

    regards
    westan
    [email protected]

    Profile photo of SooshieSooshie
    Member
    @sooshie
    Join Date: 2002
    Post Count: 974
    October 9, 2003 - 7:02 am

    Hi Bridgette,

    How are you going?
    A great site for info is http://www.propertytalk.co.nz

    I highly recommend you pop by there.

    Cheers
    Sooshie [:)]
    [email protected]

    When a problem is created the solution is created simultaneously

    Profile photo of BridgetteBridgette
    Participant
    @bridgette
    Join Date: 2003
    Post Count: 14
    October 9, 2003 - 7:20 am

    Thanks Westan all taken on board.

    I did check out that site too Sooshie.

    Good luck to both of you too in your IP endeavours.

    Kind Regards,

    bridgette

Viewing 4 posts - 1 through 4 (of 4 total)

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