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NZ is best? Hi Harriet - we were interviewed by the magazine you mentioned a few years back on the issue of positively geared properties in NZ. The truth of the matter is that positive cashflow from property (finding it) is probably the easiest thing to do in property today. I am not...

that's right steveadl - it's gross returns and they don't account for significant state taxes, pm fees, significant vacancy. I have never heard of anyone who claims to have made any money through this investement.

Technically there is no CGT but if you buy property with the intention of selling then GST, and income tax applies on profits. There is an "intention" test which may seem easy to get around but who wants to fight with the IRD. It is easier just to put your buy and hold properties in one...

Kenneth - I can't confirm it but I have heard that international student numbers have declined. Not sure why. Perhaps more work needs to be done maintaining relationships with feeder institutions and increasing post study opportunities . The students themselves have alot of choice (funds) and...

me too me too - this was the first thing we had to LEARN after leaving paid employment. When making an investment in something new I also choose to look at risk in the same way ie how many years will it take out of my buffer if the worst case senario happens.

Kenneth - having lived in New Zealand for the past few years you kind of get used to both major political parties cherry picking information about australia and making sweeping comparisons with australia when it suits them. It is just a "sound bite" comment in one sense. In a larger sense...

Daz - the tax is a bugger but as you know by selling you lock in your gains. Some of the cost could be considered (by you at least - as part of your investment strategy) as a hedge against "potential" paper losses.

on a facility that size insurance would have to be more than the assumption made here. Public liability would have to be expensive if you are giving access to people unsupervised on the site. Then covering the contents itself would be a major expensive.

fun Thanks. Sounds like fun! It makes me want to start a reno or something. The quality of those units would make the extra effort worthwhile. They looked very nice.

sunshine we were out at laws auctions the other day and the kitchen prices looked really good. Just curious how did the instal go and how hard was it to find a combination of units to fit and hopefully i am not being to nosey was it for a new build or reno.

can be a red flag in itself. Well done for following the dd through to get the answer

I believe this a good thing . CCTV is an integral part of modern urban planning - world wide. New commercial precints and infrastructure have this built in at the planning stage while councils have to play catch up to get it into existing areas.

True and even 2257 is made up of 11 suburbs.

Big area to talk about collectively Looking at residex there is at least one gosford proper suburb that is in the top 100 for nsw in terms of predicted capital growth - houses - at 14% pa (or equal highest of all residex growth predictions for houses in the state of NSW over the next...

True as - some higher end properties can be a bit niche.

buy now. It is likely you will find a much better deal if you pick it yourself in person rather than online or through a buyers agent.

Safe bet it might sell for over 750k then or has that market been flat?

Well Done. The first one is the hardest

yes!! Putting deals together is addictive. Nothing beats it.

do on site caravans count? bit of a drain on the cashflow but great to have for a get away whenever you need one - has not been used much at all lately - will be back in oz over christmas so hope to get there. Not sure of the current state of the market in forster but have watched the place...