I have now paid my deposit for my property in New Zealand, so the contract is now un-conditional. There’s no going back! Not that I am worried, but making out a new loan is always a worry. My portfolio should still be cash flow positive but there is always a bit of extra risk, especially since I had almost paid off my first loan.
The Australian property market seems to be picking up a bit from last years slight drop. I thought it was interesting to read that Australia has the 4th highest home ownership rate in the world at 71% behind Ireland, Spain and Italy. In Germany ownership is only 42%. With that kind of rental market it could be worth looking into.
My new web-site is currently being translated into Japanese. I have registered a domain for the site and researching how other companies are offering the same service and where I might want to start advertising my site.
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Written by Mike
Topics: General