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  1. #1

    Default Positive Geared Properties

    I was wondering where in NZ there are positive geared properties? I know there are some in Dunedin, does anyone else know of where in this country I could find properties like this?

    Thanks in advance,

    Adrian
    [email protected]

  2. #2
    Join Date
    Jul 2003
    Location
    Kapiti in New Zealand
    Posts
    4,031

    Default

    Hello !
    There are a couple of threads on this web site but most places in the North Island have cashflow IP's - Christchurch is also a good in the South Island - also try outside Auckland, Hamilton, Kapiti, Taupo.. the list goes on and on...

    tell us how much $$ you want to spend.

    Best Regards

    Marc

  3. #3
    Join Date
    Oct 2003
    Posts
    10

    Default Positively Geared Properties -0 to 130 Properties in 3.5 yrs

    I have finised reading Steve McKnights book - the main issue I see in accumulating that many positive cashflow properties is finding a location that would have some capital growth and managing the large number of transitory tenants - Auckland would be hard, however I think Hamilton and surrounds is probably a better bet. One thing the book doesn't deal with well is structuring the finance to support this type of investment.

    Interested in ideas on accumulating positive cashflow proerties in NZ.

  4. #4
    Join Date
    Jun 2005
    Location
    Auckland
    Posts
    925

    Default

    You can definately get positive cash flow properties in Auckland. All my properties are in Auckland, and all positive cash flow.

    The best places to look are south or west Auckland. The further away from the city, the cheaper they get. They are not as cheap as the rural or smaller towns, but the theory anyway is that Auckland always seems to have the highest capital growth long term.

  5. #5
    Join Date
    Sep 2003
    Location
    London
    Posts
    150

    Default

    I would not buy a property which was not cashflow positive!

    All my properties are in Auckland - I think you can buy postiive cf properties anywhere if you get the right deal, although some of the more upmarket areas might require a higher deposit to break even.

    I realise that if a property grows $20,000 in a year it doesn't really matter if you have to sub the rent but to me (a la Robert Kiyosaki) an asset is something that puts money into your pocket and a liability is something that takes money out of your pocket. I already have enough liabilities, thank you.

    My 2 cents,
    Leanne

  6. #6
    Join Date
    Aug 2003
    Location
    auckland
    Posts
    413

    Default

    Hi

    I too own property in auckland especially in the deep south. Cashflow positive can be found but at the moment you need to have everything in place so that you can put your offer in, deposit available etc because properties are selling fast. I have just arrived in nz from brunei where i live and places are selling fast in the places i have looked.

    Tamara
    You don't know how great things are until you loose it.

  7. #7
    Join Date
    Jun 2007
    Location
    Wanganui
    Posts
    15

    Default

    Man there are some really old threads in here!

  8. #8
    Join Date
    Sep 2003
    Location
    High up above and deep down under
    Posts
    10,915

    Default

    Why are you searching?
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  9. #9
    Join Date
    Jun 2007
    Location
    Wanganui
    Posts
    15

    Default

    I have a lot to learn still muppet and this is a great way to get great advice from people who have been in the game longer than I have! Thats why..

  10. #10
    Join Date
    Dec 2008
    Location
    Wellington
    Posts
    76

    Default

    Also, if anyone is interested in 2009 vs 2003 - you can buy cashflow positive properties in Wellington and Auckland again. We've gotten hold of several in the last six months, spread across both cities. We buy in south Auckland and city fringe Wgtn.


 

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