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  • Profile photo of katoriricekatoririce
    Participant
    @katoririce
    Join Date: 2011
    Post Count: 3

    Hi Everyone,

    I am interested in NZ positive cashflow deals. I have started to do my research to see if I can find any positive cashflow deal.

    As I know nothing much about New Zealand, I only traveled there a few times. I have no idea about different areas in New Zealand. Does anyone know any area review website in New Zealand that I can be a bit more familiar with different areas in New Zealand. I am after a website that is similar to http://www.streetadvisor.com.au/

    Also, I have started to apply some loans with some New Zealand banks, but I think it is a better idea to find a local mortgage broker at New Zealand. Does anyone know a good New Zealand mortgage broker?

    Grace

    Profile photo of DwightDwight
    Participant
    @bigvman
    Join Date: 2002
    Post Count: 42

    Hi Grace,

    Have you had any success looking for deals in NZ?

    I have bought properties in Rotorua with minimum pain having applied for finance directly to bank there.

    I also looked in Wanganui which has a lot of cheaper homes that could also be positive cashflow.

    Once I got started in Rotorua it was easier to leverage my local knowledge so I never followed through in Wanganui.

    Cheers.

    Dwight

    Dwight

    Cashflow Positive Investor

    Profile photo of RedwoodRedwood
    Participant
    @redwood
    Join Date: 2013
    Post Count: 340

    Hi there Grace,

    NZ is becoming a real alternative for Australian investors. Finance is available from here or over there and no stamp duty (yay) or CGT. Factor that in with the relatively cheap prices (look at Auckland v Melbourne).

    I know a NZ broker based in Auckland and also can meet them here (in Melbourne). 

    Re finance, ANZ is relatively easy.

    Hope that helps

    Cheers, Ivan

    Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
    http://redwoodadvisory.com.au
    Email Me | Phone Me

    SMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Agreee with Ivan.

    We have used ANZ NZ for all of our NZ deals and not had an issue.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of munmun5munmun5
    Participant
    @munmun5
    Join Date: 2011
    Post Count: 65

    Get in touch with Kyron Gosse either via youngkiwisinproperty.com or via facebook/twitter he is heavily investing in the Auckland area and doing well. I am sure he can put you in the right direction .

    Victor

    Profile photo of streamlineinvestingstreamlineinvesting
    Participant
    @streamlineinvesting
    Join Date: 2010
    Post Count: 171

    You can try these people – http://www.ifindproperty.co.nz/

    Maree Tassell is her name, I have not previously dealt with her but enlisted to her newsletter when I was looking at investing in NZ, seems to send out some good deals every now and then. Has contacts over there which would be very useful as well.

    If you do end up dealing with her, would be interested to see how your experiences with her goes.

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