All Forum Posts by: Timothy H.

Dean Letfus Yep I gathered that. Cheers

Not bad Dean Letfus but I don't think you can right the South Island off there are good deals in every market. Great points though.

@Sarah Singh  @Dean Letfus thanks for the heads up I'll be sure to crunch the numbers and analyse the deals properly and if they don't work then I won't be investing in that area. It was mainly the advice we were given by the rich dad poor dad education so we haven't had a chance to have a look at the deals ourselves yet... 

The Rich Dad Poor Dad education - just be careful with them.  The book is great!  I have not heard the same of their education classes.  The fact they told you NZ had better tax benefits is a bit bs if you ask me.  

There are good deals in NZ, but like Aus, the main cities are very overpriced and the regions are slow to grow. 

Hadar Orkibi so when's the time to buy buy buy (please don't say anytime!)? Change is afoot politically, bye bye John. Auckland market is cooling but that could partially be due to the time of year. It's very expensive and yields suck compared to other cities. Capital growth has been sensational though. But you know all this. Do tell me though, why buy now? No generic time in the market answers please😀 Tim

Welcome Ant! Lots of resources out there online and in communities like this. I'm in Auckland too so sing out if you need a hand with anything. Kyle Elmer and Hadar Orkibi both know their stuff and I can help with tips for starting out. Good luck! Have fun! Tim

Welcome!
My only advice would be think twice about investing in Auckland at the moment.  It's way too overpriced for sensible investors.
But you knew that!
Good luck and have fun :)

Keep saving. One would say it's not the best time to buy at the moment. Do your preparation now and strike when prices calm down. Re Local knowledge, check out the link Kyle sent. Read the news and keep an eye on prices in an area you want to invest. You will get a feel of things. The biggest thing for you now though would be to keep saving that deposit. There are options for borrowing with little deposit but in this market they may prove expensive.

Haha nice plug Mr Elma. Welcome David! They say the sooner you start the better so congrats on signing up. There is a wealth of info on bp but do keep in mind some things are different in New Zealand. I'll find the link to the kiwi group and fire it through - there are some helpful people there. Sing out if you have any questions! Cheers Tim

Hey Sean Ridlon just seen this sorry. You're right but when the boom clears and the dust is settling its those places you wouldn't normally look that take the biggest fall in value. I could be wrong! Thanks for the post.

Buy and hold. Prices are out of control high. People are fighting for deals with a 3% return. That's right 3%. If you're lucky, you could get 5%, but you have to be very quick and informed. So what do new investors do here. Wait for a a crash? Or keep hunting for an unlikely bargain? Flipping may work in this market but that's speculating not investing right? I believe there's some big tax on that too but could be wrong. Thanks in advance for any tips.