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New tenants for Tokoroa

2 May 2006

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Last year I bought two houses on a 1000 meter section of land. Earlier this year, the tenants vacated the properties and have been vacant since. This is a vacancy of over 3 months! The town has a population of just 14,000. When the properties are let, the return is fairly good, but if I [...]

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Helping a colleague make money in property

1 April 2006

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One colleague at my company was interested in how I was investing in property in New Zealand. He kept talking about the rising interest rates, falling property prices and so on. He was interested, but so negative. I don’t know why, but I kept telling him that there were many good opportunities available. I gave [...]

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Rental income on property 5

11 March 2006

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After a 2 month wait and spending $400 (NZ) on fixing up property number 5, my agent has found a tenant. The rent is $160 per week on a property that cost $78.5K. I am fairly happy with the result. The property does need some work on it, but it is fairly non-essential work, so [...]

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New tenant for property 5

6 March 2006

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It has been a little while since I have mentioned my property. I was checking my bank account today and noticed that I had a new payment from the agent that was letting my property I bought late last year. It has taken a couple of months to find a tenant, so I am happy [...]

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NZ property boom continues

16 February 2006

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It looks as though property prices in New Zealand are still on the increase. “I think the prices are staying a lot stronger than we would have thought, people find property as an attractive vehicle in terms of the tax efficiencies,” Gareth Kiernan, senior economist at New Zealand-based think tank Infometrics Ltd, told Dow Jones [...]

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Property settlement

12 January 2006

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I finally settled on house number five today. It is currently vacant, so I am hoping to get a tenant soon. The house is old and does need some work, but it should be tenantable in its current state. I was told that that there is a similar house not far away currently on the [...]

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Contract Conditions Complete

31 May 2005

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I have had a building inspection for house 4 today and my finace is all in place. The purchase price isn’t that much, but if the house is going to be a maintenance nightmare after you buy the property, it could cost you a lot more in the long run. I also got a second [...]

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Motivational Story

27 May 2005

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I found this post on the New Zealand Property Talk website pretty inspiring: http://www.propertytalk.co.nz/postt3200.html

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Finance Approved

24 May 2005

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My housing loan for house number 4 has been approved. The loan is only fairly small and the bank is lending 80 per cent of the purchase price. Setting up a loan will enable me to finally get a bank account established in New Zealand, and also hopefully a line of credit which will enable [...]

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Property Tour

21 May 2005

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I received an email yesterday from a realestate company here in Japan, which helps investors here in Japan buy property. They are interested in expanding their operations to Australia and New Zealand. They are looking for someone to help organize a trip to Australia to buy property. This is something I would love to do. [...]

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