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Type: Posts; User: Green Fish

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  1. Wayne: I had a unit, but sold it a year ago,...

    Wayne: I had a unit, but sold it a year ago, thinking the market was near the top. How wrong I was.
  2. There's a lot of good information in the...

    There's a lot of good information in the archives. Everyone remembers October 2008, but the bust actually started a year before, with the 2007 "Credit Crunch". That's when we had the record listings,...
  3. Thread: Caveat

    by Green Fish
    Replies
    15
    Views
    6,599

    Goonrider: If what you have said is correct,...

    Goonrider: If what you have said is correct, lodge a caveat.
  4. It's been booming since January 2012. Listings...

    It's been booming since January 2012. Listings were very tight mid-2012, but we now have record turnover, coupled with a very large increase in listings. That can only mean one thing: Vendors are...
  5. If a lending decision for a couple with 20...

    If a lending decision for a couple with 20 properties comes down to the loss of the wife's 50k pa job, what does that tell you? They're mortgaged to the hilt.

    Anita: You and your husband should...
  6. I've been through three Auckland property cycles,...

    I've been through three Auckland property cycles, and the first indicator of the bust is a big increase in listings. That's caused by profit-taking. The next stage is a large decrease in turnover,...
  7. NZ doesn't have the clout to get into currency...

    NZ doesn't have the clout to get into currency manipulation. According to Bill English, it would be like going to war with a pea-shooter.

    RHarris is right on the mark re overseas borrowing. The...
  8. Thread: Caveat

    by Green Fish
    Replies
    15
    Views
    6,599

    Agreed, but "Donna" didn't seem to understand the...

    Agreed, but "Donna" didn't seem to understand the answer. "Can I chop my tenant's head off?" Lawyers: "You can, but it would be murder." Donna: "Yes, You can."

    I think Donna might be a bit thick.
  9. No-one has ever made money buying properties...

    No-one has ever made money buying properties unless they have sold some. That's the whole reason to get in, and to get out. Any Auckland investor should be getting out, while the going's good.
  10. Don't follow the first question: She won't lose...

    Don't follow the first question: She won't lose in the current Auckland market. If you're referring to future capital gains, that's a myth that's debunked every seven years or thereabouts.

    I'm not...
  11. Replies
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    5,879

    But it's the friendly party whose going to buy...

    But it's the friendly party whose going to buy the half share, so perhaps a bank isn't required. If so, it's just the same as one spouse buying out the other in a divorce. Far simpler and cheaper to...
  12. Here's a revolutionary suggestion: Avoid the bank...

    Here's a revolutionary suggestion: Avoid the bank and use the equity in the Auckland properties. According to the experts, this procedure has been used successfully in the past - and I believe that...
  13. There's ifs and mights on the both sides, and...

    There's ifs and mights on the both sides, and Barfoot's record listings give a clue that the end might be near. It indicates that more and more owners want to cash up and take their profit.

    The...
  14. Thread: Caveat

    by Green Fish
    Replies
    15
    Views
    6,599

    True, but what's the answer to the original...

    True, but what's the answer to the original question? If a close family friend is one of the registered owners, that would tend to confirm that the property is owned by a trust, and if the trust deed...
  15. If the property is in Auckland, and if the golden...

    If the property is in Auckland, and if the golden weather ends some time this year, wouldn't the long settlement be an advantage to the seller? It's a bit like short-selling shares.

    Obviously, the...
  16. Replies
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    21,717

    "There are probably less than 200...

    "There are probably less than 200 [dermatologists] in the country ... Yet there are thousands of [travel agents advising on skin diseases]"

    So who do you see about that nasty rash?

    Go to one of...
  17. Replies
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    21,717

    If you want advice on whether a proposed tax...

    If you want advice on whether a proposed tax structure amounts to tax avoidance, or on any other legal issue, go to someone with a degree in the subject. Going to an accountant for advice about tax...
  18. Is the current investment property in Auckland? ...

    Is the current investment property in Auckland?

    If yes, and if you accept that property values go down as well as up, then sell up, take your profit, and wait.

    If don't want to that, why not...
  19. Replies
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    32,016

    Just those who occupy Auckland apartments and...

    Just those who occupy Auckland apartments and have tails.
  20. Replies
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    27,154

    unless you make an Official Information request...

    unless you make an Official Information request to the Council, but that takes up to four weeks.

    On QV, it costs about $27 for 30 recent sales. With each sale, you also get the Government...
  21. Replies
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    32,016

    Maccachic: The property trust. They operate just...

    Maccachic: The property trust. They operate just like public companies.

    If a major expenditure is required, that will obviously affect the dividend, if any. And if there's a financial disaster,...
  22. Replies
    54
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    32,016

    Although rats and humans share 98.5% of their...

    Although rats and humans share 98.5% of their DNA, I assume that you're referring to the comment re property managers. I mean across-the-board, because a property manager is not paid for what they...
  23. Replies
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    27,154

    http://barfoot.co.nz/Info/Market-Info/Full-Sales-R...

    http://barfoot.co.nz/Info/Market-Info/Full-Sales-Reports/2013/January-2013-Residential-Settled-Sales.aspx
  24. Replies
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    The only free method of getting the information...

    The only free method of getting the information is to apply to the Council for a copy of the Notice of Sale, citing the Local Government Meetings and Official Information Act.

    But you'll need the...
  25. Replies
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    32,016

    I agree. If you want to invest your 20k in the...

    I agree.

    If you want to invest your 20k in the property market, it's far safer to buy shares in a property trust (eg, Kiwi, Goodman). You will get nearly 7% a year in dividends, and if you're...
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