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  Click here to go to the first staff post in this thread.   Thread: Election 2019

  1. #51
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    I made a lot of money(for me),and its what im going to continue doing,rents are sky high in comparison to mortgages in this town and you have 50 people lining up to rent your house,its a winner.





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  • #52
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    Quote Originally Posted by littlegerry View Post
    I made a lot of money(for me),and its what im going to continue doing,rents are sky high in comparison to mortgages in this town and you have 50 people lining up to rent your house,its a winner.
    Im interested, what are rents and property prices.


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    Quote Originally Posted by Grunta View Post
    @Bazza20
    Iíve built and rented out so naturally my return rate appears a bit higher.
    I also design the with a master bedroom c/w en-suite downstairs and another one with also a lounge upstairs, this way I can stick 17 Indian families in there at a good return rate.

    But anyway, letís say I sold you one at $1.1M and you got 4% return on it.
    Plus depreciation and all maintenance is tax deductible.
    Add that up and you get a nice chunk of change out of it and up 20% YOY capital growth on top.
    its a winner to me Baz.
    Good stuff, I have no doubt you are making your property investment work for you. Each to their own as there is more that one way to invest. Property just doesnít do it for me and 4% rental returns and counting on further capital growth doesnít do it for me.


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    Fair enough, always good to get different perspectives in business
    what are you investing in now?
    Dumb Kunce


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    Quote Originally Posted by Bazza20 View Post
    Im interested, what are rents and property prices.
    im a lowballer,remember im a manual labourer who saves his money so it would be pitiful compared to someone living in sydney,its a small town with high demand for rentals,NZ is going thru a housing crises. Dont want to give what i make away on a national website srry.Its much higher than this 4% u guys are throwing around. We rented out our last house with a good tenant and sold when we came back from Aussie we basically doubled our money on what we paid.
    Last edited by littlegerry; 23-05-2019 at 10:59 AM.


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    Im likely to be able to live off rent money in the future. Both me and my mrs work so we are saving hard to keep acquiring. However judging from where u guys live and the type of work you do,im probably the poorest on this forum amongst the regulars i would think. I own 2 cars but drive around in a ford laser ffs,that gives you an indication im a very economical dude.
    Last edited by littlegerry; 23-05-2019 at 11:19 AM.


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    Quote Originally Posted by littlegerry View Post
    im a lowballer,remember im a manual labourer who saves his money so it would be pitiful compared to someone living in sydney,its a small town with high demand for rentals,NZ is going thru a housing crises. Dont want to give what i make away on a national website srry.Its much higher than this 4% u guys are throwing around. We rented out our last house with a good tenant and sold when we came back from Aussie we basically doubled our money on what we paid.
    I wasnít asking how much you are making, I donít care, just interested in rental yields in NZ. From a quick google it does look like overall NZ rental yields are a bit better in NZ than Oz but not much better.

    If I wanted to get back into property would buy into a REIT vs buying actual property. You can get your 4% return. Some capital growth. Zero interest fees. No landlord duties. Less stress overall. You have the benefit of diversification.

    Aussies do have this love for property. Some have made money but plenty havenít.


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    Quote Originally Posted by Bazza20 View Post
    Aussies do have this love for property. Some have made money but plenty havenít.
    Longer term game, moving property quickly doesnít yield massive profits, can cost you if anything.
    Brother is a builder, he rides the capital wagon for a bit before he flogs em off.
    Dumb Kunce


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    Quote Originally Posted by Grunta View Post
    Longer term game, moving property quickly doesnít yield massive profits, can cost you if anything.
    Brother is a builder, he rides the capital wagon for a bit before he flogs em off.
    I agree, with the buying and selling costs it makes it a better long term investment.


    So with 30 years of above average growth in property prices what happens when we have 10+ years of sideways movement or even losses. Itís happened elsewhere recently. Much of japanese property has gone down for about the last 30 years.

    if I was a builder it would be different. I probably would be looking at buying houses, fixing them up and flogging them off.


  •   Click here to go to the next staff post in this thread.   #60
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    Default Election 2019

    Anthony Albanese looks like will be the new Labor Leader.

    Doomed.
    Another 3 terms in opposition for Labor.
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