With the boom years over, many property investors are asking "what now?" Don't worry, their advisers are telling them: listen to us and you'll be fine. Kirsty Johnston reports.

The first slide at the property investor's conference celebrates the death of New Zealand's proposed capital gains tax. "Phew!" it says. "Defeated!"

"We defeated it!" says host Matthew Gilligan, reading aloud. He pauses for dramatic effect and looks up. "I did have to cancel a new Porsche."

The audience laughs. Gilligan, pink-faced, laughs. Behind me, a girl laughs and then whispers excitedly to her boyfriend: "He sounds just like on the


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