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Type: Posts; User: Eugene
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Thanks, very useful calculation.
Confirms with what my broker told me, that ANZ use 7.3% as assumed interest rate and some other banks use 7.5%
He also says that it doesn't matter if the income is...
That's interesting they are stingy with you guys too
I don't understand, do Westpac want market share or not?
I think so.
Like Berhampore/Newtown/Mt Cook but haven't invested there
We are specialising in Terrace/Te Aro now as understand it well
For DBH market rent stats, Karori is under 'Karori' and 'South Karori'
A big suburb
City end is posh. The south end, further from the city, is not posh but the neighbourhoods are nice; Karori...
Rent 1140 pw, 8 percent return on purchase price
Same, 7.5 +, as well as significant increase in value over past three to five years.
Despite miserable Wellington stats
Thanks Mark for this information
A busy road not such a deterrent
Definite 'no' to:
geology unsound, eg soil prone to liquefaction, or on faultline,or on mudstone hills, etc
Poor orientation to sun or not enough...
Agree, my fav, and zoned for Wellington Girls' as well.
Mt Vic and Newtown are zoned for Wellington College, and for Wellington East Girls', slightly different demographic but also outstanding inner...
Ok thanks, I missed that point :)
Get a good agent.
Apartments have not done well compared with houses - explains part of why Wellington's stats show going sideways for so long
Which says at least you won't be paying over the odds....
Newtown last week:
"there were three out of town bidders in the auction room and one local buyer"
ANZ let us split an existing loan into two, retaining term and interest rate, at no cost; this was for a restructure in January.
This is pretty much our situation too, except we are older already :)
I too would love to know Orion's or some other proven successful, strategies, like the ones you mentioned; "For example, never...
Remember to count the value of flybuys to you.
When I last calculated was underwhelmed
I think you should be nice to start with.
Gary along with others takes time to share experience and help.
And actually yours was a bit of a dumb question, given the number of times it has been...
I bought in 1987 after the prices had stopped increasing. The main banks would not lend to me so I borrowed elsewhere. I put a parent's name on the title so their income was counted, though paid the...
I love this thread, I agree a welcome alternative to the buy in Auckland for capital gain opinions often posted.
To see what Graeme achieves in such a different manner is inspiring.
Better floating rate than I am getting, I am getting 5.39 from ANZ which I knew is not the best they can do but has only been weeks and I am keeping my powder dry for after tomorrow's OCR
HC that is good, you weren't tempted to wait for tomorrow's OCR?
Agree with Wayne.
You could strengthen the structure by using braceline gib to line the walls (might already be the standard) or even paint finish ply.
Concrete floors are usual on new wooden...
What a wonderful post Graeme.
I have been curious for a while, whether you find your properties take a lot of management.
Could you describe further your tenants?
Have just seen John's post and this could well be correct.
Ask the council.
Legally you don't need to have the drain there.
You could ask the neighbour to get an easement and pay you for the privilege.
Or ask him to move it.
I was told this by a former drainage engineer...