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Old 25-09-2006, 08:42 AM
keegan keegan is offline
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Join Date: Aug 2006
Posts: 12
Default Experience in Investing in New Zealand

Hello Everyone,

It is my experience that most people are afraid of the unknown and in the property investment industry, afraid of who to trust. The thing that appeals about New Zealand is that you can purchase property that will provide high cashflow and capital growth. I still believe in investing in Australia for long term growth, but by investing in New Zealand you can achieve a separate income stream. Most people make bad choices because they do not do the research. I spend most of my time researching the market. In every city there are areas that need to be avoided. In Christchurch for example there is North Brighton. When you arrive here you see lovely beaches white sand and very ordinary houses. Many agents told me about Australian investors buying there. But when I researched it further I found that there is a thing called the Easterly, a freezing cold wind that hits Christchurch and guess what the first place it hits is North Brighton. By the afternoon of most days including summer the water is to cold to swim in. This is just a small example there are many others. I purchase property for clients in New Zealand. If you want to do it yourself then you need to decide which city you wish to invest in, research the suburbs and strategy and you will then need to spend at least a week there to feel and study the area. When you know it like the back of your hand that is when you will know what to buy. Seek advise on what type of structure you will need. Its not hard, I think its fun. It all depends on how much time you have and your level of confidence.

Thanks!!
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