Comments on: Era of the shrewd investor http://www.landlords.co.nz/blog/era-of-the-shrewd-investor A blog for New Zealand landlords and property investors Thu, 09 Feb 2012 07:09:47 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Hamish http://www.landlords.co.nz/blog/era-of-the-shrewd-investor/comment-page-1#comment-667 Hamish Tue, 13 Jan 2009 23:15:27 +0000 http://www.landlords.co.nz/blog/?p=113#comment-667 Cashflow positive properties will create a floor for house prices. Attracting overseas investors is not the job of the banks Geoff. I am still able to do quite good loans for overseas investors, usually with a 20% - 30% deposit. This is quite attractive compared to other countries. Cashflow positive properties will create a floor for house prices.

Attracting overseas investors is not the job of the banks Geoff. I am still able to do quite good loans for overseas investors, usually with a 20% – 30% deposit. This is quite attractive compared to other countries.

]]> By: John http://www.landlords.co.nz/blog/era-of-the-shrewd-investor/comment-page-1#comment-666 John Tue, 13 Jan 2009 04:57:41 +0000 http://www.landlords.co.nz/blog/?p=113#comment-666 I have purchased one property in Auckland already. I dont think it was a huge bargain, but perhaps about 5% cheaper. But I am happy since I think its onwards and upwards from now on. Dont agree with all those that say the market has further to fall (least not in Auckland). I think interest rates are so good now that buying is now relatively low risk and returns ok. Of course I am looking at long term benefits which is how you should view the real estate market. I have purchased one property in Auckland already. I dont think it was a huge bargain, but perhaps about 5% cheaper. But I am happy since I think its onwards and upwards from now on. Dont agree with all those that say the market has further to fall (least not in Auckland). I think interest rates are so good now that buying is now relatively low risk and returns ok. Of course I am looking at long term benefits which is how you should view the real estate market.

]]> By: Geoff Webster http://www.landlords.co.nz/blog/era-of-the-shrewd-investor/comment-page-1#comment-659 Geoff Webster Fri, 19 Dec 2008 23:04:32 +0000 http://www.landlords.co.nz/blog/?p=113#comment-659 Everyone agrees it's a good time to buy however the NZ financial institutions need to relax their lending criteria requirements if they want to entice overseas investors, ie from OZ. We have a number of investment properties and are cashed up however the NZ banks didn't want to know us. They were quite prepared to lend to one the partner's separately who is based in NZ but because the other two partners are OZ based, it was a different story. One would have thought to stimulate demand that foreign investors would be encouraged. We are extremely frustrated with the current tightening and the lack of vision shown by the NZ financial institutions and are now looking at purchasing investment properties in the US instead. Everyone agrees it’s a good time to buy however the NZ financial institutions need to relax their lending criteria requirements if they want to entice overseas investors, ie from OZ. We have a number of investment properties and are cashed up however the NZ banks didn’t want to know us. They were quite prepared to lend to one the partner’s separately who is based in NZ but because the other two partners are OZ based, it was a different story.
One would have thought to stimulate demand that foreign investors would be encouraged. We are extremely frustrated with the current tightening and the lack of vision shown by the NZ financial institutions and are now looking at purchasing investment properties in the US instead.

]]> By: Meghan http://www.landlords.co.nz/blog/era-of-the-shrewd-investor/comment-page-1#comment-650 Meghan Fri, 19 Dec 2008 03:42:09 +0000 http://www.landlords.co.nz/blog/?p=113#comment-650 Now is a good time to purchase an upgrade for yourself and rent it out for a few years prior to moving in. The houses in the mid-range are everywhere, so you have a huge choice. Buy now, but sell in the upturn!! Now is a good time to purchase an upgrade for yourself and rent it out for a few years prior to moving in. The houses in the mid-range are everywhere, so you have a huge choice. Buy now, but sell in the upturn!!

]]> By: Gary http://www.landlords.co.nz/blog/era-of-the-shrewd-investor/comment-page-1#comment-646 Gary Fri, 19 Dec 2008 01:07:17 +0000 http://www.landlords.co.nz/blog/?p=113#comment-646 I am now in the market to buy and have been studying the prices. My feeling is that the new out of the US will continue to be negative. As the NZ economy lags behind the US the effect have not yet been felt to their full extent. I expect that at best the housing market will remain flat for the next 12 to 18 months and at worst drop to 2002 prices. The latter I think is more likely. My strategy is to wait for the upturn before buying, rather than buy during the declining market, or once prices hit 2002 values. Just my 2c I am now in the market to buy and have been studying the prices. My feeling is that the new out of the US will continue to be negative. As the NZ economy lags behind the US the effect have not yet been felt to their full extent. I expect that at best the housing market will remain flat for the next 12 to 18 months and at worst drop to 2002 prices. The latter I think is more likely. My strategy is to wait for the upturn before buying, rather than buy during the declining market, or once prices hit 2002 values.

Just my 2c

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