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  1. #11
    Join Date
    Sep 2007
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    Auckland
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    8,358

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    Quote Originally Posted by Anthonyacat View Post
    I had a quick meeting with Kenyon from DuVal group a few weeks back. Build to rent is an excellent proposition for those with the means and experience to do so. I could absolutely see the big super funds underwriting (or even outright all the titles) for new apartment complexes. Sell one or two apartments a year to get an accurate gauge on the current market value of the investment, and reap significant rents from the rest.
    I'll just leave this here: http://www.stuff.co.nz/waikato-times...-firms-owe-50m
    Squadly dinky do!

  2. #12
    Join Date
    Apr 2009
    Posts
    1,003

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    Quote Originally Posted by Davo36 View Post
    Sounds like they are not living within their means.

  3. #13

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    This article doesn't seem to be related to the mega landlord business model being flawed rather one of ego driving decisions.


    A ferrari, jaguar and Range Rover are un-required drains on cash flow. You can find a large list of people who have had early success following good business principles, got a bit ahead of themselves and spend money on things that they thought they deserved only to find things tumbled around them.


    I think my partner has shown me comments/articles on the Property Investor FB page with this bloke talking it up. If you listen to him he'll tell you he's an expert and the best of the best. I can't help thinking of Icarus

  4. #14

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    of note is that the article is 2009 a very different time.

    the corporate landlord concept I've talked of before is a lower risk proposition as they would likely be kiwisaver funds who get regular funds from KS contributions so they would not be doing this with debt.
    Last edited by Don't believe the Hype; 12-06-2019 at 06:01 AM.

  5. #15
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,358

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    I think my partner has shown me comments/articles on the Property Investor FB page with this bloke talking it up. If you listen to him he'll tell you he's an expert and the best of the best. I can't help thinking of Icarus
    Yep, he says things like "We have hundreds of units and..." and then proceeds to give advice.

    Shows photos of his development under way etc. I've met heaps of people like this over the years.
    Squadly dinky do!

  6. #16
    Join Date
    Sep 2008
    Posts
    7,649

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    with the looming failure of kiwibuild

    twitford looks set to make it easier for big corporate landlords

    after having make is harder for mum+dads

    https://www.stuff.co.nz/national/pol...ttack-rhetoric
    Last edited by eri; 12-06-2019 at 06:59 PM.
    have you defeated them?
    your demons

  7. #17
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,358

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    Quote Originally Posted by eri View Post
    with the looming failure of kiwibuild

    twitford looks set to make it easier for big corporate landlords

    after having make is harder for mum+dads

    https://www.stuff.co.nz/national/pol...ttack-rhetoric
    Yes ironic isn't it?

    Still, they may not be ultimately able to work with these larger companies either. Wait for the "Oh and you need to make x% of the units affordable" or "Housing NZ will provide tenants for you" etc.
    Squadly dinky do!

  8. #18
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,015

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    "Is this an acknowledgement that Housing NZ are not building enough? Is it an acknowledgement that KiwiBuild is a complete dud?
    Or perhaps that the Kiwibuild thing was a grand lie to sucker voters?

    The government's flagship housing policy KiwiBuild has faltered significantly and is now being "reset".
    I wonder what the euphemism "reset" will mean in practice?
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  9. #19
    Join Date
    Sep 2008
    Posts
    7,649

    Default

    no one seems to have told the labour party webmaster yet

    when will this open + transparent gov. stop with the false advertising???


    "Build 100,000 affordable homes across the country

    Labour’s KiwiBuild programme will build 100,000 high quality, affordable homes over 10 years, with 50% of them in Auckland. Standalone houses in Auckland will cost $500,000 to $600,000, with apartments and townhouses under $500,000. Outside Auckland, houses will range from $300,000 to $500,000."

    https://www.labour.org.nz/housing

    that information is at least 6 months old/wrong as wanaka prices were way higher

    https://www.nzherald.co.nz/business/...ectid=12203048
    Last edited by eri; 13-06-2019 at 10:43 PM.
    have you defeated them?
    your demons

  10. #20
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,015

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    Never let the facts get in the way of some good political spin.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!


 

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