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Hi Lynn - it's about 6.8% annual growth. Pablo - Assuming 4% annual inflation, current prices would have to drop by 55% (to $91k) for Lynn to purchase the house at it's original price in real terms.

I think that this thread poses an excellent question. I also believe that cycles tend to repeat themselves but that each cycle has it's own unique factors. Two of the "different" aspects I see in this cycle are the levels of personal debt and the reason behind rising fuel costs. Firstly...

Alex, I'm sure you get the odd new property investor wandering through this forum who might even be considering and investment with Northern Crest / Barkley Walsh. Any further exposure of Bryers is good and it's not hurting the forum. Neil Jenman warning on Mark Bryers

First of all, GST is 12.5%. Secondly, it's payable on profits from property bought with the *intention* of capital gain, not long-term buy and holds. It sounds like you didn't claim the GST when you bought it but if you've bought it for a quick flick, that doesn't mean you don't have to pay...

Yes, Blue Chip offered rent guarantees and they also had a bank account for deposits named something like "Blue Chip Trust Account", which wasn't actually a trust account. People are already losing their homes over this.

That seems like a good idea Y-man. On the other side of the ditch, we've been surprised at the lack of action against this guy. The theory being that our incumbent government doesn't want to stir up another mess to deal with heading into an election. I'm sure there was some greed and...

The point is that the "next victim" might not know about it. Mark Bryers and Co. have created financial havoc in NZ and put thousands of people under real financial hardship. Any chance that you guys have as moderators of a property forum have to offer genuine information to people who might not...