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Type: Posts; User: Don't believe the Hype

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  1. You're right on the productivity piece. Builders...

    You're right on the productivity piece. Builders (tradies in general) here in NZ are inching up their prices due to the amount of work around. In Aus they add $10/hr to the bill in NZ they charge...
  2. labour in NZ is far cheaper than Aus.

    labour in NZ is far cheaper than Aus.
  3. How are you getting on Jonathan?

    How are you getting on Jonathan?
  4. Titahi Bay - this is the gem of Porirua. While I...

    Titahi Bay - this is the gem of Porirua. While I agree the market has moved here it has moved everywhere and I still believe it is good value.

    Based on this and many other posts overall i feel...
  5. when 98% of submissions are against a proposal...

    when 98% of submissions are against a proposal and they go ahead anyways...
    ...
  6. and despite all their regulation whilst others...

    and despite all their regulation whilst others are packing up their bat and ball and going home (i.e. selling) my profitability has gone through the roof... our asset values have skyrocketed and...
  7. If the govt went as far as nationalizing assets...

    If the govt went as far as nationalizing assets we'd have far bigger problems to deal with... and with this current bunch all you need to do is set up a tent on the front lawn and the govt will find...
  8. https://www.propertytalk.com/forum/showthread.php?...

    https://www.propertytalk.com/forum/showthread.php?40534-Property-Investor-Mag-Growth-hotspot-Cannons-Creek-Porirua
  9. I'm with Orion on this. I'm not interested...

    I'm with Orion on this.

    I'm not interested in making the rules or providing input to a government who has already made their mind up (proven by the biased questions in one of their recent...
  10. The above from July16 Today: 3br houses...

    The above from July16

    Today:
    3br houses selling for around $450-$500k renting for around $550/wk - Gross 5.7% - 6.4% so yields have dropped a bit
    3br units - selling for $350k renting for around...
  11. 3.5 years on from the original post (apr 16) and...

    3.5 years on from the original post (apr 16) and the new government valuations are about to be released.

    A post from PCC said yesterday that the GV's across Porirua are up 32% since the last GV's...
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    Nah... based on the data they can't all own...

    Nah... based on the data they can't all own houses... but you know that... right?

    unless by some statistical anomaly only home owners were among the hundreds strong crowd.
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    It's interesting that you know how old I am from...

    It's interesting that you know how old I am from my post... that being said I'm pretty sure I can tell your age by yours.

    For the record I'm not a boomer... not even close. What I am is someone...
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    Six months later and we see a large number of...

    Six months later and we see a large number of properties available (relative) the number has been in the low 40's but now at 37. Still only 7 properties under $500/wk with the median at $620 and two...
  15. On the specific issues you mention above: ...

    On the specific issues you mention above:

    Buying from Over seas - we've bought directly and we leveraged the services of iFindpropety over a decade ago whilst we were living overseas so have a...
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    Yesterday in wellington was the first nice warm...

    Yesterday in wellington was the first nice warm day of the Spring/Summer - I headed into town late in the afternoon for a quite drink. Down at the waterfront we found 2 bars with queue's out the...
  17. This is something I hear a lot. Using trading...

    This is something I hear a lot.

    Using trading as a way to generate income to buy and hold is ok as long as you think about it as any other job but if you just want to trade houses you're just...
  18. Why 12 months?... if you do 6 month fixed terms...

    Why 12 months?... if you do 6 month fixed terms you have more flexibility and each lease is a new lease so can set the rent accordingly.
  19. I'm with you on this Ross. There is however...

    I'm with you on this Ross.

    There is however a tendency to block up TT with things that could be a clear cut rule i.e. the complaints or late rent. The action shouldn't need TT approval but there...
  20. 1.67% - better than bank interest. You're one of...

    1.67% - better than bank interest. You're one of the lucky ones
  21. You're right a good tenant has great value. I...

    You're right a good tenant has great value. I currently have a large number of great tenants in my properties. The challenge is that whilst they're great tenants some are paying well below market...
  22. This type of property is being forced out of the...

    This type of property is being forced out of the rental pool. Choice is being taken away by the CoL.

    This property is likely to be assess for the HHG, found to be too difficult (read expensive)...
  23. Dean said lot of things you would find hard to...

    Dean said lot of things you would find hard to believe.
  24. Supply is one element - the other is the...

    Supply is one element - the other is the additional costs being added to providing a rental.
  25. It's likely the zoning existed when you bought...

    It's likely the zoning existed when you bought the property. If that's the case the price you paid would have reflected the restrictions.

    If you need a bigger house for your family a solution...
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