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Hi Rightvalue, thats pretty cheap especially being freehold, however auckland city is swarming with those shoeboxes. Great for uni students however and at such a yield (also remember its 30% cheaper in $AU). depends how bad the leaky building is i suppose and your risk profile - will you...

Sometimes I look at NZ and it ticks alot of boxes. 1) Aussie exchange rates is at decade highs (1.30). This means 500k houses are $370ishAU. If this falls back to 'norms' (1.10-1.15) you gain near enough 15-20% profit. With no CGT or stamp duty the drawback here is being able to sell in a...

yep i think the market is waiting for the budget. as far as i have read, a comprehensive CGT has been ruled out but depreciation is on the cards. will just bring NZ into line with oz- but how much it, and the possibility of some other kind of tax, will spook investors remains to be seen.

hi dcarr, you are correct, it can be quite different. i lived there for over 3 years, so i am familiar with auckland and a few other regional areas. i know that a few aussies have invested there over the past few years (especially from 2001 on) and made some good returns. was just...

Hi All, I recently went to NZ for the weekend. I hadn't been there in almost three years and I was quite surprised by what I saw. Compared to Australia, sentiment in their property market is very poor. The media and property magazines are all bemoaning the current situation: medians are...