A Wellington Native with Deep Roots in Real Estate

Steve Goodey is a well-known figure in New Zealand’s property investment community, boasting over two decades of experience. Born and raised in Wellington, Steve has stayed closely connected to his hometown, where he has amassed a significant portfolio of residential properties. His journey into property investment began in the early 2000s, and over the years, he has successfully navigated the complex and often unpredictable real estate market, becoming one of the country’s leading authorities on the subject.

Focusing on Residential Property and Countercyclical Investing

Steve’s investment strategy is heavily focused on residential properties, which he values for their liquidity and essential role in providing housing. This focus has allowed him to adapt to changing market conditions, including fluctuations in property values and rental rates. For instance, despite a recent 28% drop in property values, Steve remains optimistic, noting that the market is beginning to recover, aided by reductions in the official cash rate, which have made borrowing more affordable.

A key element of Steve’s success is his commitment to countercyclical investing, a strategy that involves buying properties during market downturns when prices are lower. This approach has been particularly effective in the New Zealand market, where property values can be highly volatile. By purchasing properties during downturns and holding onto them until values rise, Steve has been able to build significant equity in his portfolio. This strategy not only requires a deep understanding of market trends but also the patience and foresight to seize the right opportunities.

Educating and Empowering Aspiring Investors

Beyond his investment activities, Steve Goodey is also a respected coach and mentor. He is the founder of the “Succeed in Property Bootcamp,” an event that draws aspiring property investors from across New Zealand. During these bootcamps, Steve shares his extensive knowledge and strategies, offering practical advice on topics ranging from securing financing to effectively managing a property portfolio. His approachable and down-to-earth teaching style makes complex investment concepts accessible to participants with various levels of experience.

Steve’s dedication to education doesn’t stop at bootcamps. He also provides personalized coaching, working one-on-one with clients to develop tailored investment strategies. These sessions are designed to build confidence and equip clients with the necessary tools to succeed in the property market. Steve’s personalized approach has garnered a loyal following, with clients appreciating the practical advice and ongoing support he offers.

A Passionate Advocate for Wellington’s Future

Despite his success, Steve remains deeply committed to his roots in Wellington, a city he cares about passionately. He has not shied away from voicing his concerns about the city’s infrastructure and the challenges faced by property investors due to local council policies. Steve has been particularly critical of rate increases and their impact on property owners and renters. Nevertheless, he remains optimistic about Wellington’s future, advocating for investments in infrastructure that will support sustainable growth.

A Legacy of Influence in New Zealand’s Property Market

Steve Goodey’s impact on New Zealand’s property market extends beyond his investments. He is an active participant in discussions about urban development and sustainable city planning, using his platform to advocate for responsible policies. Through his bootcamps, personalized coaching, and public commentary, Steve continues to influence the next generation of property investors, ensuring that his contributions to New Zealand’s property market will be felt for years to come.

In conclusion, Steve Goodey is not just a property investor; he is a mentor, educator, and advocate for the sustainable growth of New Zealand’s urban landscapes. His journey from a young investor in Wellington to one of the country’s leading property experts is a testament to his strategic thinking, dedication, and commitment to helping others achieve their investment goals.