Well I am finally back home and the damage done by the flooding here is quite something.  It is the worst in 80 years and appears to have been exacerbated by the dams being released as they were over full. Nadi is simply a mess, it will be quite a job to get the shops open again and replace the stock.  The food markets basically have none, (food that is),  as all the root crops etc. were devastated.

I have long believed Fiji has a curse over it and this certainly appears to be increasingly true as they slide into trauma after drama over the last 20 years.

What never changes is their incredible spirit and love of life but to see so much damage knowing they can’t fix it quickly is harrowing to say the least.  They were without water for over a week and power is still spasmodic. Imagine that happening in NZ, it would have been investigations, criminal behaviour etc.  Here it is “life”

Stay Inspired and BE THANKFUL today!!  ~ Dean

Power of water

what this weekend is really all about!

I have been a long time fan of Rodney Dickens.  He is the  only economic forecaster who seems to get it right most of the time.  His report today @ http://www.sra.co.nz/pdf/MangawhaiApr12.pdf is a fascinating read and shows the long term issues we are still in.  As a kiwi I love coastal property and was always waiting for it to come back to earth.

It sounds like it still has a ways to go in lots of areas still. Which makes the whole property thing quite weird right now doesn’t it. We have many areas of Auckland doing sort of quite well, a couple of areas going off big time and other suburbs dead as a dodo.  And nationally it is even weirder.

One of my agents told me this week he had investors fighting at auction over stock and another is ringing people out of the phone book to try and get them to list as he has buyers but no houses.  And he is in what I would term a true scungy investor market. If you are risk tolerant there is even room for some trading right now, not withstanding the legal issues around it, however you would want to be quick on your feet and happy to hold if you couldn’t sell.

The banks relaxing more and more is an interesting upside allowing some investors back into the buy and hold space. I guess overall things are moving predictably, Auckland is the place to be investing, Christchurch if you are willing to put the work in to watch the demographic rebuild and keep the rest of the country on mild alert

Anyway back to Rodney, if you appreciate good quality information and accurate forecasting on the property market subscribe or at least sign up for his free reports!!

Stay Inspired and Stay Safe ~ Dean Letfus

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Apologies for being blogless lately but frankly I am so sick of being sick and the after effects of morphine have just made writing very hard.  I am trying to get back to “normal” but now have another round of unpleasant procedures to endure.  Who would have thought ones gall bladder could cause so much trouble even after it’s gone! So I will try and keep you informed of my life and times and make some intelligent comment regarding property but please bear with me  as they try to figure out how to get the stones out

Explaining the Phoenix Strategy and How to research any US property from your own computer in any country:

Enjoy:

Click here to view the embedded video.