Its worse than that if I remember correctly … we have had CGT in NZ for a long time just that it is being taxed at 0% – but the mechanism is already there so the government could impose it with minimum trouble.
There is a school of thought that with the new planning guidelines which now specifies a minimum apartment size (40sqm for studio or 1 bed from memory) that over time there will be a robust market for these smaller student sized apartments as they will not be able to be replicated. They will always provide an entry point to living in the city.
Time to get creative … fit the house out for a deaf person i.e. add the flashing light for the phone ringing etc (speak to the local deaf association for details of their needs). Find a tenant through the local deaf association – you may find there is a real shortage of rentals that cater specifically to the deaf. You could even find the…[Read more]
I attended a property council dinner last night and Chris Aiken made an interesting point during his speech – that when the shoe shine guys are telling you to get out of the market its usually a good time to be buying. Based on the amount of negative press and general doom and gloom sentiment about the auckland inner city market is anyone poising…[Read more]
I once enjoyed the experience of attending a Mr Landlord seminar – I think he tours NZ every year or so. One of his main pinciples with renting is the McDonalds (yes the fast food joint) method …. basically whether or not your tenants want fries with that. Upsell to them.
Ask your tenants if they would be interested in having some…[Read more]
Im new around this site but just cant help sharing a few pointers about my wrap experiences in NZ.
Firstly there are always going to be cowboys who give a general population of honest people a bad name … there is no exception to this in any industry. What are peoples views on car sales people? especially now finance is such a huge part…[Read more]