2019 Money Magnet Symposium - Discover how to make, and keep, more money and achieve a financially empowered future
Viewing 18 posts - 1 through 18 (of 18 total)
  • Profile photo of atomicatomic
    Participant
    @atomic
    Join Date: 2004
    Post Count: 4

    I’ve been hearing and reading a lot about the great returns and opportunities NZ offers.
    Would like to hear from anyone who has also done research about this topic.
    I know there are a few companies specialising in selling NZ properties in Sydney, but I am against about buying property without first seeing it..
    Has anyone done any investing in NZ?
    Any good contacts you may want to share?
    Any help is appreciated

    Thanks

    Profile photo of Tim_3Tim_3
    Member
    @tim_3
    Join Date: 2004
    Post Count: 35

    Yes,

    been there done it.

    Two rules:

    1) find someone you implicity trust who knows the market backwards and give them your money to invest or;

    2) go there after doing due diligence and buy yourself.

    There is not an easy answer to this – either way you have to put in the time or money.

    Timbo

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,749

    New Zealand?

    Don’t buy property there mate… the houses are held up by piles!!!

    Seriously, my advice for people interested in investing in the land of the long white cloud is to get on a plane and see for themselves.

    Yes, there are some good deals there, but there are still plenty of opportunities here too.

    BTW, there will be a new product released in the next few weeks outlining more about NZ investing. It’s an interview I did with Kiwi property investor and legal expert Mike Ward. It will be at the cheaper end of the spectrum… less than $30.

    Cheers,

    Steve McKnight

    **********
    Remember that success comes from doing things differently.
    **********

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of GreatPigGreatPig
    Member
    @greatpig
    Join Date: 2004
    Post Count: 284
    the houses are held up by piles!!!

    And we all know what a pain in the butt piles can be…

    Profile photo of QueenstownerQueenstowner
    Member
    @queenstowner
    Join Date: 2004
    Post Count: 27

    Hi, I’ve been here in Queenstown 2 yrs now and i’d say the best thing is to jump on a plane and check it out.I don’t know much about the north island but Dunners and invercargill are good spots here.Lots of students in both and a growing dairy industry.One example was a 3 bed house, timber clad currently rented for $165/week selling for $69k

    Profile photo of muppetmuppet
    Member
    @muppet
    Join Date: 2003
    Post Count: 900

    Hi Guys

    And we all know what a pain in the butt piles can be…

    Ahhhhh yes, BUT we don’t have termites, unless they are of the two legged variety.

    Anyway most of the piles are now made of concrete.

    Regards

    Profile photo of hotshothotshot
    Member
    @hotshot
    Join Date: 2004
    Post Count: 52

    Wowwwwww NZ how cools that!!!!
    Man i wanna buy a house there one day sounds orsome dude, you guys are so smart but how are you allowed to buy o/s if you live in oz?

    Profile photo of GreatPigGreatPig
    Member
    @greatpig
    Join Date: 2004
    Post Count: 284
    Originally posted by muppet:

    Anyway most of the piles are now made of concrete

    Yes, well, my comment wasn’t really about those sorts of piles [evilgrin]

    However, I don’t know that concrete piles by themselves would stop termites. Most I’ve seen here are brick and they still need ant caps on them.

    Certainly better than timber though.

    GP

    Profile photo of CastleDreamerCastleDreamer
    Participant
    @castledreamer
    Join Date: 2003
    Post Count: 288

    Hey Great Pig,
    Muppet meant there are no termites in NZ, but they do have borer!!

    CastleDreamer

    Profile photo of GreatPigGreatPig
    Member
    @greatpig
    Join Date: 2004
    Post Count: 284
    Originally posted by CastleDreamer:

    there are no termites in NZ

    Really?

    No termites, no poisonous snakes, only one poisonous spider…

    Where’s their sense of adventure? [biggrin]

    (oh that’s right – sandflies)

    GP

    Profile photo of brownbearbrownbear
    Participant
    @brownbear
    Join Date: 2003
    Post Count: 14

    Investing in NZ. properties with NO piles.
    I have done considerable research into investing in NZ. The best thing for me is that a long term friend of mine who has had a number of years experience in real estate sales in OZ has gained employment with a NZ firm of developers who only do residential, units, houses, and are one of only three ‘preferred’ developers that supply to the government, housing to the indigenous people of NZ.
    Where I commenced this research was as a result of reading Steve’s book, subscribing to the forum, and then deciding that property was what I wanted to be involved in , in all ways. So I have successfully completed my property buyers agents course and, and am now licenced.
    I have made a number of quality contacts and now starting to buy in NZ for myself. I am sure you are aware of the benefits of property in NZ, and I have seen a great deal of money going from Oz to NZ.
    I can not buy all the properties I come across even though they stack up well and are positive geared.
    If you wish to contact me and find out more, you can get me on [email protected]

    Regards
    Malcolm Brown

    Profile photo of geogeo
    Member
    @geo
    Join Date: 2003
    Post Count: 1,194

    Steve’s right – go ther and check it out for yourself.

    But Steve has many properties there aswell. I wouldn’t let piles get in your way.

    Take care
    George.

    “If You never never ask, you’ll never never know”

    Profile photo of westanwestan
    Member
    @westan
    Join Date: 2002
    Post Count: 1,950

    My thought about NZ are- if you want to buy there, get it happening sooner rather than later. Being full time in the market in NZ i’m seeing the high returns disappearing before my eyes. When i first started buying in NZ about 12 months ago deals were everywhere, sadly that is not the case now. Many centers where i bought last year that were showing 17% returns today i’m not even looking at now as the yeilds are below 10%. There are still many places where over 10% is possible but i expect that this will continue to dry up. I see so many similairites with the Australian Market and every day it mirrors it more and more. last year I thought this was the case that’s why i moved here 5 months ago to make the most of a declining opportunity.
    So, if you can do it, get on a plane and come over, call in for a cuppa also. Before you get here make sure you have financial preapproval so you can negotiate a better deal. Finally learn about the area you want to buy in and study the market hard, understand what price you should be paying. I get outbid everyday by either Aussies buying site unseen or even those on the ground who are paying 5-10% above market prices for properties, simply because they don’t know the market.

    Hope that helps a little

    regards westan

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429

    [offtopic]Hey Westan, does that mean you have to move house country again[ohno]

    Cheers
    Mel

    Profile photo of spodgespodge
    Member
    @spodge
    Join Date: 2004
    Post Count: 15

    NZ here I come.

    Westan,
    See you early July for that cuppa.

    Spodge

    Profile photo of recoverymanrecoveryman
    Member
    @recoveryman
    Join Date: 2003
    Post Count: 122

    spodge
    save some for me and westan keep the fires going
    glenn

    “I should be content to look at a mountain for what it is and not as a comment on my life” D. Ignatow

    Profile photo of CastleDreamerCastleDreamer
    Participant
    @castledreamer
    Join Date: 2003
    Post Count: 288

    deals are still here in nz people, but westan is right , getting harder to find every day, have been on the road a week and only found two good opportunities that I have gotten to contract – one set of properties put an offer on and an Aussie bought them sight unseen from Australia for asking price + – I had offered asking price after seeing them, and adding up the work that needed doing!!!! What are Aussies doing without at least having a team on the ground to look for them – the risks get bigger and bigger with buying sight unseen!!! Go figure….

    Anyway, hope weather is great in Oz, pouring rain and freezing here at the moment in BOP!!!

    Cheers
    CD

    CastleDreamer

    Profile photo of Property9Property9
    Member
    @property9
    Join Date: 2004
    Post Count: 6

    Hi ,

    Do you know what areas in NZ are offering good returns?

    Cheers
    Mark

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