PROPERTY EDUCATION · NEW ZEALAND
35 years.
2,200+ deals.
Let me show you how to read one.
Join the list and get my free course, 5 tips for making great offers. Then see the deals I analyse as they're released, with the numbers pulled apart, and an invitation to every Deal Room.
Steve Goodey
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54 YEARS, IN BRIEF
Day one
Born. At a very young age.
Age 19
Bought my first property.
1999
Went full time in property.
2011
1,400 deals done.
2026
Roadmap to Property Success, published by HarperCollins.
Today
2,200+ deals, 5 cycles, 60,000+ followers.
“Buy quality assets, and own them for a long time.”
The rule I've invested by for 35 years
Palmerston North. Six bedroom house. $675,000.
| LINE | ANNUAL | WEEKLY |
|---|---|---|
| 1 Rent, six rooms (appraised) | 73,320 | 1,410 |
| Rates | (5,660) | (109) |
| Insurance (est) | (2,800) | (54) |
| 2 Net operating income | 64,860 | 1,247 |
| Mortgage, 100% at 6% | (40,500) | (779) |
| 3 Cashflow | 24,360 | 468 |
Let as a family home, this house appraised at $610 a week. Let by the room, $1,410. Same house, same street. Most buyers only ever price the first number.
Net yield is net operating income divided by price: 9.6% here. If someone quotes you cashflow divided by price, they're flattering the deal.
$468 a week after the mortgage, modelled at 100% lending and 6% so it holds up when rates move.
LEARN
Three ways to learn from me
2 minutes
FREE, ON FACEBOOK
Deal or Dud
I take a listing you can find yourself and tell you straight whether it stacks up, and why.
A weekend
THE WHOLE SYSTEM, IN ONE BOOK
Roadmap to Property Success
HarperCollins, 2026.
One evening a month
LIVE, WITH REAL DEALS
The Deal Room
Real off market deals, analysed live with Shane Carruthers. Bring your questions.
Next: Wednesday 4 November, 7pm
COACHING
Want to do this yourself, with me in your corner?
My coaching programme is for investors who want to find, analyse and buy their own deals. Small groups, real properties, and direct access to me. It starts with a conversation.
ONE OF OURS
She lives in Auckland. Her boarding house is in Palmerston North.
Sue spent months hunting for an Auckland boarding house where the numbers worked, and wasn't willing to touch the non compliant ones. We had one under offer in Palmerston North that fit: compliant, full, and already running. She had no contacts in the area, so we put a local property manager in place from day one.
“It was an existing boarding house, very tidy, compliant, and well run. All in all I wouldn't have pulled this off without Steve's help and connections.”
Found
Off market
Rooms
11, full from day one
Bought for
$930,000
Valued three months later
$995,000
Rent today
$2,305 a week
Cashflow after rates, insurance and a 100% mortgage at 6%
READY TO BUY?
The partners I put
behind every deal
I teach you to read the numbers. When you're ready to act, these are the partners I trust to get it done. And it doesn't end at settlement: we were recently asked to resell a property we sold to a buyer 17 years ago.
BUYING
Cashflow Property
Shane Carruthers and his team handle the deals I analyse, from first look to settlement, then property management, resale and the next deal.
FINANCE
Mortgage Supply Company
Find out what you can borrow before the right deal lands, so you can move when it does.
TAX AND STRUCTURE
Gilligan Rowe + Associates
Get the ownership structure right before you sign, not after. Protect what you build.
Learn to read a deal
before you buy one.
