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  • News article taken from Property talk site this morning:
    “Housing market still strong
    New figures from the government’s valuation agency Quotable Value show the housing market is still strong with November recording the highest growth rate this year.

    QV’s November property statistics indicate that residential property values increased 15 per…[Read more]

  • thanks Westan,
    there has been an amazing amount of discussion re interest rates. i know that i for one am considering fixing up a few more of my NZ loans, probably for a year or two at most. I personally dont like to fix for five years or more. I dont have a crystal ball, and dont want to try to predict that far ahead as to what the markets…[Read more]

  • Interesting thread guys, thanks for bringing it back in focus. I dont know if Nigel and Westan have met ever in the flesh, but knowing Westan and his family for the past couple of years, I am happy to vouch for his good intent and actions. I spent a week in the US with Westan and some others last month. Cowboy Tour? Not at all. Certainly we…[Read more]

  • Well, given that i love NZ so much i moved there – and to Christchurch, its been an interesting last few months looking at the markets and what has been going on.
    christchurch continues to present opportunities – but i am seeing these as renovation opportunities – which are much harder to manage and do from a distance. I am not so keenly buying…[Read more]

  • I would add that there are a couple of qualified accountants here on the forum who have NZ experience, and would be good people to get taxation advice and structuring advice from. Read lots of books and ask lots of questions, but at the end of the day, make sure that you use the right people to gain advice from – and its worth paying to get that…[Read more]

  • I would add that there are a couple of qualified accountants here on the forum who have NZ experience, and would be good people to get taxation advice and structuring advice from. Read lots of books and ask lots of questions, but at the end of the day, make sure that you use the right people to gain advice from – and its worth paying to get that…[Read more]

  • Hi Robert
    the depreciation of 4% is based on the amount you paid for the house rather than the replacement construction cost. For example:
    if you buy a house for 50,000 and the valuer determines the land to be worth 5K, and the chattels to be worth 2K, then that leaves you with 43K of house. Now it may be that the house would cost 80K to…[Read more]

  • Hi there,
    I have owned NZ property in both structures.

    “To answer your qustion if you buy in an Australian structure your not in the New Zealand tax structure your in ours.”
    Actually you would be in both systems then. The Australian Trust that owned property in NZ requires a full NZ tax return complying with NZ Tax Laws for a foreign trust.…[Read more]

  • nkibel,
    why would you say that if you want to negative gear a property stick to Australia?
    it is possible to bring some of the losses home to Aus from a negative geared NZ property (the loss incurred if interest payments exceed income).
    If a property in NZ is going to have a good likelihood of capital growth but was going to be negatively geared,…[Read more]

  • Hi Mortgage Advisor…
    the bank will do its lending to you on the lower of the two figures as we know. Unless you are a resident investor (therefore leaving us Aussies out of it) you will only get an 80% lend max (generalisation here as I have heard rumours that some banks will now consider 90% lends to Aussies – but applications are underway…[Read more]

  • hi there,
    some banks in NZ will allow you to immediately refinance after settlement to the allowed LVR against the registered valuation.
    for example
    block of flats: contract of 175K, valuation of 210K, bank will lend and settle on 175K figures. bank will then refinance later on the 210K figure. the time between settlement and refinance will…[Read more]

  • Hi all,
    Kiwiproperty has a new book out. If you are interested you will need to pm them directly.
    Advertising in the text is not in the spirit of this forum. Kiwiproperty is more than welcome to post threads and answers that contribute to the forum, and put their web address in the tag line.

    NZ Investor

  • If you sell today at least you know the market. Do you have a crystal ball for reading the future?
    If you are prepared to bet that 12months time will bring better circumstances then by all means wait and see, but at least take a position in the market.

    NZ Investor

  • Our pleasure to help out with any thoughts that might be useful!!

    NZ Investor

  • Hi Donna!!
    Nice to see you outed yourself!!
    thanks for the finance info tip.

    NZ Investor

  • Hi Richmum
    I’ve been driving up and down the north island and all over parts of the south for a year or more now, and I can only agree with Westan – get a hire car.
    I add one more thought – get a decent hire car with at least a 1.8 litre engine and the ability to handle the hills.
    I have driven 1.6l pulsars, subarus, corollas, and when i swapped…[Read more]

  • Hi Aptam,
    you aren’t required to have insurance prior to settlement in NZ for your property. But to make the seller more comfortable with my asking for access to rip stuff up and paint and what not, i have offered to cover the insurance cost for that period. If the vendor is happy with an early access clause for refurbishment and doesn’t baulk…[Read more]

  • Hi to all who have posted here.
    after a general read through the thread, i can say that I am really excited for the opportunities that the KA2ers will have in New Zealand in July.
    To clarify that though – I don’t necessarily refer to the huge buying opportunities that may be around – its a very different market to when many of us started back in…[Read more]

  • aptam hi.
    banks consider more than two titles on one property a greater risk sometimes because it is more ‘commercial’ rather than residential – and I am told by a couple of bankers that that means they are saleable to a smaller market – ….. i have had 80% lends with three flats, but never with four or more, despite chasing around to try and…[Read more]

  • CastleDreamer replied to the topic Loans in the forum No Subject 17 years, 10 months ago

    another reason to consider why an investor would take finance in the country of purchase (NZ) is the lessening of exposure to currency fluctuations.
    If the lending is in the same currency as the property being purchased then a move in AUD/NZD relationship has less impact. By taking only the 20% deposit plus costs from Australia you only expose…[Read more]

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