Steve Goodey - Property Coach

05/08/2026

I get a user pays system but….when does it end!

05/08/2026

So if you dont know, the red dots are recent sales.
This is Napier at the moment.

Might have been a deal or two in there given the number of sales completed you think?

Imagine if you bought a couple little beauty deals in the next year or two and this market warmed up again as it will eventually.

04/08/2026

This one was sent in, definitely not a recommendation.

https://www.facebook.com/share/v/1EUJLL2ZLx/

04/08/2026

04/08/2026

Deal Room Webinar – Tomorrow Night

3 brand new off-market deals, live for the first time. One's got 2,000 sqm of land attached, real upside beyond the rental income. Another's a Wellington property tracking at 17% gross return.

Plus Jack from Mortgage Supply Co on equity recycling, how to fund your next purchase without new cash.

Link in first comment

04/08/2026

Banks don't reward loyalty.

There's no gold watch for 20 years with the same lender, just tired rates and a lending ceiling that stops your next purchase.

Plenty of investors think they're maxed out when they're just structured badly.

Before you decide you can't buy again, get a broker who works with investors to look at it. Jack and Dave and Carl at the Mortage Supply Company

Link in comments.

03/08/2026

Two stunning results from last week.

“You can’t make this S%% up”!

03/08/2026

Rates. Tax paid dollars.
Tax on the rates.
Then water rates bolted on, more tax paid dollars.
Then tax on that too.

So the plan now is: go earn more money, pay tax on it, so I've got enough leftover tax paid money... to pay the new tax on the tax I already paid.

It's not a rates increase. It's a pyramid scheme and the council's at the top.

Back to work. Gotta go generate some more taxable income to feed the machine. 🚰💸

02/08/2026

I just paid my first ever water bill in Wellington.

This sucks.

They told us they would take the water cost off our rates bill then increased our rates by 5.9% which is subtle until you see that they have raised our takes by 68% over the last 5 years!!

Send me alcohol or money please.

I mean I joke but cmon…

The “average” rates bill in Wellington is $5,094.

Then we have an average water bill on top of $2,400

So if you retired with a fixed income and you have managed to pay off your home you still need to find $144 every week.

Also these water bills are connected to your GV not your water usage so if you have a flash home worth a couple million with one person living there your paying way more than a $400k flat with 13 tenants and 7 cats.

30/07/2026

Wow what a crazy week.

A client had the best “First” deal I’ve seen in year’s or ever with $1m instant equity to valuation.

I sold an old family home which settled yesterday and I actually had to explain to the other lawyer that it wasn’t me that drove through the fence in a Hyundai on the week of settlement.

In between I made 41 offers on houses.

I had to write a clause to buy a KO house stating that I wouldn’t renegotiate the price again ( I think they are afraid of me).

A prodigy of mine got his first property trade done and I may have squealed in excitement for him.

I explained how GST works to a lawyer.

I also sympathized with a client who was “Too hot” in the South of France while it was 2 degrees at my office in Wellington.

Weeks like this is why I have a liquid solution not a drinking problem.