If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
Stunning buys are all over the place
Have to keep myself in check...
Wellington as well as most other places in NZ are a great place to invest - if the yields and good and there is a reasonable size population are there.
Wellington has the advantage of also being an awesome place to live.
I lived there for 12 years and started my property investing there. It has great opportunities for investing and I know heaps of very successful investors who have only ever bought in and around Wellington.
Don't ever be concerned about what prices are doing. Sometimes prices go up, sometimes they go down, and other times they may stay stagnant for many years. Who cares what the reasons are, or what's going to happen next!!
Make your investing decisions based on 'what is' and what makes sense today, not what you think may or may not happen next year or in 5 years time!
If you have your rules and a strategy in place that will work no matter what happens in the market - which is 100% out of your control, then you will do well.
People I know have used various strategies there well, and will continue to work well, and are not reliant on what prices do.
95% of people on this forum are focused on looking at prices and what they might do, and so many threads are about that. That's not investing and never will be.
So this is yet another thread that was started being concerned about prices - something outside their control. It gets investors side-tracked and looking at things which really should not and do not matter!
Insure for what the whole property is worth - insurance is affordable again
Hope for the best plan for the worst
I operate assuming the big one could happen tomorrow and if I am around I will walk away cashed up.
That is if I have escaped falling masonry and can walk.
Wellington as well as most other places in NZ are a great place to invest - if the yields and good and there is a reasonable size population are there.
Wellington has the advantage of also being an awesome place to live.
I lived there for 12 years and started my property investing there. It has great opportunities for investing and I know heaps of very successful investors who have only ever bought in and around Wellington.
Don't ever be concerned about what prices are doing. Sometimes prices go up, sometimes they go down, and other times they may stay stagnant for many years. Who cares what the reasons are, or what's going to happen next!!
Make your investing decisions based on 'what is' and what makes sense today, not what you think may or may not happen next year or in 5 years time!
If you have your rules and a strategy in place that will work no matter what happens in the market - which is 100% out of your control, then you will do well.
People I know have used various strategies there well, and will continue to work well, and are not reliant on what prices do.
95% of people on this forum are focused on looking at prices and what they might do, and so many threads are about that. That's not investing and never will be.
So this is yet another thread that was started being concerned about prices - something outside their control. It gets investors side-tracked and looking at things which really should not and do not matter!
Well put and apt again Graeme
Here I am talking Wellington up and not wanting prices to rise
It is inevitable that they will
But lower prices and less competition suits me
Sustainable planned growth good
Rampant prices bad
Last edited by Eugene; 11-11-2015, 09:10 AM.
Reason: reversed autocorrect
Well put and apt again Graeme
Here I am talking Wellington up and not wanting prices to rise
It is inevitable that they will
But lower prices and less competition suits me
Sustainable planned growth good
Rampant prices bad
Yes I agree, prices are going up heaps here too and I find it all a bit annoying!
Much better when there aren't multiple offers on everything and you can just negotiate without everyone else trying to buy as well.
Hopefully it won't last too long though
I agree with Graeme's comments that Wellington is a great place to live.
It's not only a beautiful city it's actually so compact that when I used to work from a serviced office in Featherston Street (CBD) I could walk to almost all of my clients offices.
Graeme has said time and time again that investing is not about capital gain but the cashflow coming from the tenant in a positively geared property.
With a P & I mortgage it gives you some residual dollars in the bank plus your tenant is paying down the principle.
If you are only concerned about capital gain you are not investing but speculating.
With talk about whether property will go up or down in the future who can tell?
Maybe prices have slowed but isn't that the nature of property self regulating itself due to supply and demand?
What I do know is that when the market is at this cycle there's good buying.
Eugen and Steve have commented on this.
Steve: Where did you find the listing for the three bedroom stand alone house at such a low price?
Just wondering if anyone has any information on why Wellington property is lagging so far behind the rest of the country?
Wellington to me seems like the ideal place for capital growth; land is only in one direction, big companies have a base of operations there and forecasts show that it is still increasing in population (obviously not at Auckland levels, but still growing)
What am I missing?
A lot of the economy has their head offices in Auckland and there seems to be a lot of transfers going on at present where companies are shifting their staff up to Auckland or across the ditch. November through to March we call it the 'transfer season'.
A lot of the economy has their head offices in Auckland and there seems to be a lot of transfers going on at present where companies are shifting their staff up to Auckland or across the ditch. November through to March we call it the 'transfer season'.
Less people means less demand for housing....
Yes and transfer from Auckland to Sydney
and from Sydney to Singapore...
If you are only concerned about capital gain you are not investing but speculating.
I don't know why kiwis have this sheeple attitude. Look at any of the worlds top investors and they all without exception factor in yield and growth. It is just patent nonsense to ignore growth in any investment class. What people actually mean is it is dangerous to negatively gear and rely on growth to save you and that is 100% true. But trying to buy the highest growth assets with adequate yield is exactly what top investors do. Buffett, Soros and all the way down the chain. Subscribe to the buy yield and completely ignore growth mantra is driven by poverty mindset not smart investing.
George Soros invests more in shares etc and Warren Buffett in companies.
Keep on doing what you have been doing and you will just keep getting the same results.
It doesn't appear you have actually learnt much at all from being bankrupt, your strategy still seems the same which if you stick to it will eventually get you again.
My understanding of Mr Buffetts style is to by a good business - one that has good returns.
A good business will grow and the growth in the value will follow.
He isn't looking for a quick buck via capital gain.
My understanding of Mr Buffetts style is to by a good business - one that has good returns.
A good business will grow and the growth in the value will follow.
He isn't looking for a quick buck via capital gain.
Dean, there is no personal attack, I just say it as I see it. If you interpret it as an attack, then you are the one being a victim about it.
The successful real estate investors I know in the U.S. who are all a lot more successful than either of us and most likely anyone on this forum, focus on cashflow, i.e. yields and also adding value. Their strategies do not rely on prices increasing, if they did they would have all been wiped out in the GFC which hit the U.S. a lot harder than it hit here. That was when they made the most money.
People like John Burley, Robert Kiyosaki, Ron Le Grand etc. Also a lot of others I know who are less well known who are doing really well there and use the same strategies.
Comment