Comments for Olly Newland

Comment on Safe As Houses by Clive

Clive — Fri, 03 Sep 2010 05:16:07 +0000

Hi Olly. Just reading your latest column about your friend who was wanting to build. We have rental property worth over 1.7m and our own home 500k. That’s equity. We wanted to borrow to build another house for our selves. We have 300k cash invested and wanted 300k. ANZ said we will give you 100k.They can stick it. Like your friend we are taking it easy.
Clive

Comment on Olly interviewed on interest.co.nz by Investing Report: The savings debate | SoundInvesting.info

Investing Report: The savings debate | SoundInvesting.info — Wed, 18 Aug 2010 20:23:46 +0000

[...] Olly interviewed on interest.co.nz « Olly Newland [...]

Comment on Have We Turned The Corner? by Tom

Tom — Tue, 10 Aug 2010 08:29:43 +0000

Sorry, I didn’t mean any offence by that, it is what I understood had happened and I thought it was crazy and a real loss to their site. I am very happy that Olly is putting his energy into this site, it is excellent. Thank you. Tom

Comment on Have We Turned The Corner? by Site Admin

Site Admin — Mon, 09 Aug 2010 23:07:35 +0000

@Tom – I’m sure Olly wasn’t removed from PT. Like all of us, he’s just choosing where to put his time and energy. Thanks for your comments …

Comment on Have We Turned The Corner? by Roger

Roger — Mon, 09 Aug 2010 23:02:00 +0000

Olly that summary was probably the best effort from you that I have read – Thanks.

Roger

Comment on Have We Turned The Corner? by Tom

Tom — Sun, 08 Aug 2010 08:55:55 +0000

Hi Olly,

Thank you for yet another straight-up, common sense, and experience based article. You are one of very few commentators that I listen to, respect, and base investment decisions on. I take my hat off to you too for continuing to write columns and make your opinions known even in the face of constant self-serving attacks from ‘competitors’ or people with vested interests, it takes guts to keep going (I know, I have the same in my industry) in the face of this and I applaude you for it.
I used to look forward to your posts on PT until you were unbelievably removed from the site. I will hold my opinions on that back except to say that they made a very big error and lost one of the key contributors.

Anyway, thanks again Olly, I look forward to your next article.

Cheers

Tom

Comment on Have We Turned The Corner? by Robi

Robi — Sat, 07 Aug 2010 05:33:45 +0000

Hi Olly

I agree completely with you that the news reports are always doom and gloom.

My experience in the last month has been that I put my property on the market and had a good offer and agreement on it on the 27/7/10 and it went unconditional on the 5/8/10. It SOLD 9% below its last registered valuation in April 2008 and $62,000 over the registered valuation which was done in September 2008. Very good outcome I think.

Now when you consider the doom and gloom that has been circulated regarding the property market and sales etc my story wouldn’t be possible would it??? To know and write anything about a property market you have to be in it and doing it to have a valid opinion as you are.

In the last 3 months I have watched properties (because of my intention to sell) go on the market and be SOLD in less than 42 days which use to be considered a good market for sellers.

People need to realize if you buy in a high market you sell in a high market and if buy in a low market you sell in a low market which equates to the same if you are selling then buying.

The winner in a low market is he who has the cash to buy low hold and sell on at a good profit when the market turns in my opinion.

I think maybe a lot of information that is written is probably 3 months behind in knowledge as the actual publishing of sales is 3 months behind in being released. Well it use to be could have changed now.

Anyhow just thought I would share my recent experience in the marketplace.

I feel you have your finger on the pulse and enjoy reading your column.

Many thanks R

Comment on Have We Turned The Corner? by Julie

Julie — Sat, 07 Aug 2010 03:32:44 +0000

Thanks Olly

I agree with your comments and am especially pleased I read the GST
anomaly for developers as my partner and I are in the process of
subdividing in order to build our first property. The media certainly
have a lot to answer for.

Regards
Julie

Comment on Have We Turned The Corner? by Bill

Bill — Fri, 06 Aug 2010 04:31:44 +0000

Hi Olly

Exemplary report , “Right on the money”

Like you been there done that & HAVE the battle scares to show.Its taught “ME” to be more astute (Nothing like a Hanging to clarify the mind)
Probably made me to cautious now.
We been looking at commercial/retail investments,but the returns the owners expect 5 – 6 % returns
When commercial moneys from banks at 8.25%.
The sums don’t work
So it just stays in the bank at 4.50%

Any Fool can make money.
But it’s a “Wise man” that can hold on to it

Cheers Bill

Comment on Q&A: Where to invest by Rhett Zhai

Rhett Zhai — Tue, 27 Jul 2010 04:37:44 +0000

You can invest even in South Auckland as long as it is not in too bad an area; House with good section is always better than a city apartment even if the latter is undervalued (from Olly’s latest column) at moment — that is the message I got from this.