Sorry this may have confused some people, if you are living in the UK you have to be a tax resident to buy property, this is not the same for non-residents.
I’m sorry if this confused some non-residents about their ability to purchase here,…[Read more]

Wow what a year.

OK So in 2006 it started with my first NZ IP bought through DLPP in Jan 06, on the latest valuation that was done in Dec 06 this property has so far increased in value by approx 24%. Very Happy [biggrin]

Second property move was a sale of my Sydney flat when I moved to London. It had increased in value by 23% after I…[Read more]

I’m also on a working holiday visa, and even though you may have the impression getting work over here will be easy, think again. I came over with visions of working for a large corporate bank earning rediculous amount of money and setting myself up for a life in property.

How wrong I was.…[Read more]

Great statistics, I’m looking into investing in the UK at the moment there looks to be some great capital gains potential.

The tenants in the UK (of which I am currently one!) do pay council tax on the property as well as the water rates too. council tax is like the land rates you get in NZ/Aus. The only things that can’t be passed…[Read more]

I would be interested definitely, especially with your contacts (might have been a cheaper plumbing bill than the $1400 one I got a couple of months back). You would need a nifty software accountancy package to keep track of everything too, gone are the days of a bank statement and a highlighter to reconcile things! Having a property…[Read more]

sorry my only invercargill property is fully tenanted. I use Harcourts if that helps, but I did already have the tenant before taking it to them for property management about 7-8 months ago.

Maybe you need to take a good look at the property you have and look at what the problem is that needs a solution before you can rent it…[Read more]

The only restriction may be that some lenders may not allow lines of credit for investment properties, that depends on the lender you end up using.

I hope…[Read more]

If its in NZ baycorp usually hold that on your credit rating for 5 years. if you racked up the debt at 18, defulted by the time you were 19 then it looks like you have another two years to wait. Not all is…[Read more]

they should be wanting to keep the name! (except its not really east of ryde, its really east of north ryde). maybe a…[Read more]

All this legal stuff could take a while and it may be contractually you owe them this sum. Just wondering if you have thought of investing $200 ish in a locksmith and get them to change all the locks for you so the builders dont have keys but you do. I know really its a moral question as to whether you would do this or not, but desperate…[Read more]

Unlike Australia it is the norm to list with more than one agent in NZ unless you are going to do an “exclusive” deal with one agent that is going to give you a discount.

I was recenly in NZ for three weeks and saw houses with 4 or 5 signs outside, those houses had been on the market for a while though and people are trying to cash in from…[Read more]

I work for Westpac so I cant say too much or I might get a phone call tomorrow morning asking me to clean out my things!

Westpac purchases and currently owns a large property portfolio, they are always on the lookout for new and exciting…[Read more]

yes one of the reasons i bought the place in strathern is during my research i found out that 70% of homes in that suburb are owner-occupied. That is exactly where you want your IP’s.

Home renovators aye? that mitre 10 dream home show must have finally hit the right spot in invercargill. Did you know they cancelled the aussie spin off…[Read more]

there is a lot on the market in the central coast at the moment, a lot of new properties over the last few weeks have come onto the market, I only know this from a few friends who have either bought/sold or are looking in that area, I havent been looking for investments as its out of my price range [blush2]

I started out selling home alarm systems in NZ, commission only – first lesson learned was get a salary [blush2]

I then moved into door to door sales of cleaning products and I travelled around NZ doing this for about three months before winter hit and I could stand…[Read more]

yeah that was in my valuation in Invercargill from last week, I thought it was a strange thing to add… Glad to hear the free fees have been concreted for a while longer.

Dohicky

cant wait for my retirement…

dont forget if you refinance within 2 years you can get a partial kick back on the premium.

The air conditioner needs to feed out an open window and it wasnt possible to do that with the screens on the windows, so we went to the local bunnings and…[Read more]

I havent done it before, but i have seen homes for removal listed with real estate agents and also on trademe.co.nz

otherwise if you want a new one try lockwood.

also the government sometimes decides to close down areas that they have provided accomodation for staff and sell the homes, normally state-house types, you may need local…[Read more]

I do see where your coming from, and believe me the masterclass seminar is very different from the one we both attended on the gold coast earlier in the year.

The point made was that the capital growth that is stagnant in Sydney is still growing in other areas, if sydney prices slump or stay constant for 5 years, I could sell (no CGT…[Read more]

doctors surgery?
could you hire it to the local school if they are running out of space?
accountants office?
bachelor accomodation?
student accomodation?

I’d love some more input from others out there…

Ive talked to an accountant, If i claim the depreciation etc I will have to pay capital gains tax, so I decided not too, I’ve booked in to see the tax man on monday morning to do my return.
I’m a bit annoyed at myself for just paying $550 for a depreciation schedule!!!

Thanks for the…[Read more]

I dont know, I haven’t done my tax return for last year yet through, so I can still just not claim the loss etc, if the amounts add up, I guess I would have to talk to an accountant to figure that out.

Dohicky

DrX, I beleive there is a $10 surcharge for people outside NSW, unless you bring tim tams [oink]

I just got my first depreciation report done by washington brown quantity surveyors in NSW. I got a bound booklet with a lot of stuff I dont understand but it definitely had a couple of schedules in the back depending on what type of depreciation you will be claiming. Its a very comprehensive report. I’m pretty sure my accountant will…[Read more]

i was at the conference too, ed chan is a brilliant man I enjoyed his talk a lot (the food was good too). I just made the connection of who you are, congrats on your success so far, I’m interested that your on this forum of mostly cf+ investors, have you changed your strategy?

Dohicky

that does sound like a good idea, I have photos if you want to see, just PM me.

I will tomorrow have reached the 6 month anniversary of purchasing my PPOR, of which I used the FHOG and stamp duty excemption in NSW to buy. Very soon I will be renting out the property and it will be my first IP. I found it the only way for me to afford…[Read more]

great to hear that things ended up ok in the end!! now the tough question, do you have a tenant? and if you do, how much are they paying?

Dohicky

PS – Ahipara isnt expensive if you want to live by the sea! much cheaper than Sydney. [laughing]