Any Rennlisters from New Zealand?
07-23-2016, 09:14 PM
Rennlist Member
The DB9s are nice. There's quite a few on TMand I can see imports gravitating below 100k over time. A lot of at for the money. I have a hankering for a Vantage V12 perhaps one day when they have depreciated.
07-23-2016, 09:36 PM
Rennlist Member
Originally Posted by kiwi 911
I heard the ANZ will no longer allow you to use existing equity to fund new rental properties...??
I might have to give the bank a call to test this rumor? If this is correct and people can't use their new found paper wealth to fund the next property, this will slow things down.
In saying this, I understand 45% of all houses don't have mortgages and apparently a large chunck of the new rental purchases are the same too? I guess this underwrites property not really falling in value during down turns as
most people are unencumbered or owe burger all?
If you can't use equity to fund property deals, I wonder how all theses houses that need building will get funded??
I might have to give the bank a call to test this rumor? If this is correct and people can't use their new found paper wealth to fund the next property, this will slow things down.
In saying this, I understand 45% of all houses don't have mortgages and apparently a large chunck of the new rental purchases are the same too? I guess this underwrites property not really falling in value during down turns as
most people are unencumbered or owe burger all?
If you can't use equity to fund property deals, I wonder how all theses houses that need building will get funded??
As you know I'm not a great fan of excessive leverage. I was caught out in the '87 crash and I watched my boss lose $1m in a week with the tech crash at the turn of the century.
My slice of the pie was gained through hard graft in countries most wouldn't spend a week in let alone years. I value it as such and won't bet the pot on a circle of people passing around properties. The minute the music stops the values will gap down. Buyers don't gradually reduce bids when they smell blood. Quality well situated property will retain bids. Rubbish builds in south sides of gullies won't. I suspect that is why the Banks are pulling their horns in. Sorry for cliches ridden post it saves thinking of other ways to put it.
07-23-2016, 09:57 PM
Rennlist Member
I'm not aware of that. I sit on the same floor as the Retail Credit team who set the rules. I'll check tomorrow. As you know I'm not a great fan of excessive leverage. I was caught out in the '87 crash and I watched my boss lose $1m in a week with the tech crash at the turn of the century. My slice of the pie was gained through hard graft in countries most wouldn't spend a week in let alone years. I value it as such and won't bet the pot on a circle of people passing around properties. The minute the music stops the values will gap down. Buyers don't gradually reduce bids when they smell blood. Quality well situated property will retain bids. Rubbish builds in south sides of gullies won't. I suspect that is why the Banks are pulling their horns in. Sorry for cliches ridden post it saves thinking of other ways to put it.
07-23-2016, 10:07 PM
Rennlist Member
Originally Posted by Macca
John. I don't think you will need to advertise the 964 for sale. I imagine a deal will be lined up long before it comes to that.
07-24-2016, 06:05 PM
Burning Brakes
Is anyone needing some Castrol React SFR? The stuff is getting hard to find with supplies in NZ seeming to dry up....
I found a SI based supplier who can do a trade price $99 plus GST delivered but needs order minimum 6 bottles. I use 1 per car per year so could take 2-3 but need a co conspirator?
I found a SI based supplier who can do a trade price $99 plus GST delivered but needs order minimum 6 bottles. I use 1 per car per year so could take 2-3 but need a co conspirator?
07-24-2016, 06:42 PM
Rennlist Member
Paul, I just asked the question. ANZ is still allowing equity as a contribution although that may not have always been the case in the last few months.
07-24-2016, 07:37 PM
Rennlist Member
Hi mate. Thanks. Unfortunately we are still 3 bottles short of their minimum and I'm pretty helpless to manage multi unit logistics from offshore. I think at this stage we may have to give it a pass. It's a PITA that's it's becoming harder to source and more expensive. Retail is over $150 I believe....
07-26-2016, 07:54 AM
Three Wheelin'
07-27-2016, 04:34 AM
Racer
Join Date: Mar 2011
Location: Kaikoura, New Zealand
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Greetings from Germany (family holiday), found this interesting article online:
http://www.dailymail.co.uk/money/car...g-drivers.html
http://www.dailymail.co.uk/money/car...g-drivers.html
07-27-2016, 06:42 AM
Rennlist Member
Greetings from Germany (family holiday), found this interesting article online: http://www.dailymail.co.uk/money/car...g-drivers.html
07-27-2016, 09:12 PM
Three Wheelin'
Greetings from Germany (family holiday), found this interesting article online:
http://www.dailymail.co.uk/money/car...g-drivers.html
http://www.dailymail.co.uk/money/car...g-drivers.html
check this out
07-27-2016, 11:00 PM
Burning Brakes
Apparently there is a NZ new, midnight blue 964 Turbo 3.6 about to come up for sale at $500K+. Unbelievable to think sellers couldn't get a bite at $120k around 4 years ago.
07-27-2016, 11:48 PM
Rennlist Member