Hawera

Hi Westan

The more I read from you the more i like your style!!

As promised i will up-date everyone on the purchases that I made after attending Steve’s presentation in NZ. Stuck to the goals that i had and picked up 815k worth of property all over 10% at various places around NZ.

All were 10%+ gy and one of the major areas that i came across was indeed Hawera. I’m trying to get a website up about my whole portfolio (now 35 properties) but after scouring the web (and driving the length and breadth of NZ) the only places I believe were left were South Taranki, the odd one on the westcoast of the south Island (if you could find something that was not Maori land) and the odd smaller town (to be disclosed once I finish on this last deal).

Anyway could not agree more about Hawera and to a lesser extent Patea (which has a surprisingly good beach). What both of these places have over other towns like Tokoroa (which for the record I would not touch with a barge) is that they are under supplied for rental. Ring an agent to get a quality property in hawera and then ring one in tokora.

What else has STaranki got (oil industry growth growth growth). Supermarkets do more dd than mcdonalds and just as I brought in waganui when i saw pak and save go then so to this is a sign to anyone that Hawera is a great spot.

Not at all, so long as it is cashflow positive. That in essence is the morale of the site and this philosophy on prop. I have also sold property to fund renos which ensure stable tenants and good rents. Finally, and a key part of the puzzle, I do have good cashflow from my business which enables me to handle shortfall and provides the banks with the critera they need. i think this is vital and what people never talk about. it took me ten years to build my business but it now provides the vechile for investment. In my mind there ain’t any easy way around it:-
1) Get an education that is your best guarentee for a decent wage.
2) If you can start a business.
3) Invest

Too many people want to jump in at 3 and that is what a lot of the guys in NZ selling courses promote. It is not what they say but what they don’t which is where is the secondary cash source.

Hi Muppet

If the site could take pictures I would show you as i have some shots on film (I went there to see for myself what all the fuss waqs about). Boarded houses, Boarded shopping block and a supply of rentals. Couple this with the insecurity of the employment situation and the attraction is what??

Is it any wonder it is Aussies buying there and not kiwis. Much like the kiwis buying apt blocks in Queenstown me thinks.

When you look at New Zealand and see amazing small towns with good beaches, etc. that have a similar yeild without the hassles Tok’s is hardly that attractive. Especially now that the eyes have been picked out of it.

However please don’t let me stop Aussies buying there!!

BTW: Have brought a couple off Aussies lately (not in Tok’s obviously). The best thing about them is that they are absent landlords and don’t seem to like spending money to do the property up and therefore it gets run down. If they are to invest here they do need to spend money to bring the property up to spec but in towns like Tok where rent is capped it is easy to over capitilise. What a quandry

Hi Paul34,

I have 2 flats in Hawera and a 3-bed in Waverley.

Did you buy in Hawera? If so what streets?

I am a long distance NZ investor living in Queensland… But I do look after my IP’s. Just spent $15k doing up the flats.

Would love to get more of your thoughts on Hawera?

Cheers, Nobleone [biggrin]

“Making mistakes is just another another tool for learning.”

Hi Mai…. only problem is that hte capital gain opportunities are not there as much as other opportunities out there.
Cheers.
Kiwi