QLD vs NZ

I organise finance for NZ.

Regards
Steven
Mortgage Broker

[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIA

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

When was the last time you did research on the market in NZ – very hard now from what I hear to find properties for 50k renting at 150 p/w.

I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how

Hi there,

I live in QLD as well, but am happily investing in NZ for the short term (5+yrs approx).

cash positive in NZ is great way to go, but finding the 50K returning 150 rent is getting harder to near impossible. Likely to find the 45-50K returning 125-130 rent, or go for a more likely capital growth area 80-95K returnin 180-220pw. All cash positive properties, just that some are in areas less likely to appreciate quickly over time.

NZ Finance, try the red link button on the menu bar on the left of the forum page. It takes you through to a mortgage arranger who accesses a NZ broker who appears to be doing good things.

We know of a few brokers or options that have worked well for people we know – you can email me or Minimogul to get the rundown on who those are.

Cheers
CD

CastleDreamer
“+CF properties in NZ available now”

Hi Erin

Westan missed out a decimal point in his posting

NZ unemployment rate should read 4.6% not 46%.
(Just Westan’s fat fingers[biggrin])

I agree with Westan about Murupara.
It is on the edge of the Urewera country.
There is a very high Maori population in the town.
A large number of high school students go by bus to Rotorua for obvious reasons.
Murupara has a good golf course. Had a 79 on it in 1997.
Most of those who do work are forestry workers.
It only takes about 35mins to get to Rotorua.

Regards

Hi Erin

as far as expected capital growth, if you had asked me 3 months ago i would have said continued slow growth. However somethings have changed recently.
Firstly the RBNZ has continued to life interest rates even though it was already the highest in the developed world. Personally i think the rates will end up coming back in the next 12 months but the RBNZ makes the decision not me. The economy over here is doing very well and therefore his thoughts are he must slow it down (no doesn’t make sense to me either), why not enjoy growth and the prosperity it brings as long as its not out of control and it clearly isn’t. (enough of my soap box).
2. Most of NZ has had great growth recently, however not as large as Austrlia’s growth.
3. Immigration has been slowed. Imigration has been a real neccessity for the country and helped drive housing demand it is now slowing.

OK so given these three factures demand for housing in NZ has slowed greatly and now we are starting to see a flattening of the market. I see this as a healthy thing.
There are still areas of NZ that will continue to show capital growth and the wise investor will try to find these. It has been a personal startegy of mine to buy in areas that are having something happen that will drive up the demand for housing , something such as new industries etc. I’d say look for these types of possibilities.
But there are areas that will not grow and may even decline, most of the talk of a market in decline is around areas of Auckland especially the new unit market.

hope this help a little
Muppet i’d be interested in your thought on this topic.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

NZ offers better cashflow, however at present QLD provides better capital growth.

yes Erin

i’ve bought 20 since July 2003, the last 6 weeks ago.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

Hi all

CD gee you have been very active since we last spoke, i’ve actually bought 21 forgot one.

what i really wanted to say was to ask Yorker why he says

I thought that the capital growth in QLD was at about the end of this cycle also for much of the same reasons as i said about NZ.
Oh and while i’m at it Muppet my comment about Murupara, what i meant to say was the area has large unemployment. The full time employment figure is 31% compaired to the average full time employment of 46%. Muppet the full time unemployment of 46% relates to NZers living in OZ.[biggrin], sorry for that misunderstanding.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database

“NZ offers better cashflow, however at present QLD provides better capital growth.”

What data do you have to back this up?

Following are a couple of figures [capital gains] for the last quarter – compared with the same quarter last year.

Applies to the New Zealand housing market, not apartments which in some sectors have increased at a higher rate, or commercial property:

Napier +30.0%
Dunedin +29.5%
Tauranga +28.2%
Christchurch +27.8%
Invercargill +25.2%
Waitakere City +24.5%
Auckland +20.0%

Several markets including Queenstown and Wanaka have exceeded these gains quite significantly.

Queenstown for the same period 38%; Wanaka estimated at +35%.

These gains are not expected to continue in the short-term, but I am confident a [comparable investment] buy and hold strategy of 3-7 years will outperform Queensland and most, if not all, Australian markets given the same period.

— Michael

hi
what about buying your own house
no rent
no capital gains tax
can use equity to buy PI
glenn

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