ah ok good to know.  cheers for the clarification

Personally I can't comment too much, as I don't know much about investing in NZ (this is generally an Australian forum).  What I do know is: you can buy property through a company, and I don't think there is the issue of capital gains tax.

I think you'll find you cannot use the FHOG to purchase investment property.  Are you looking to buy in NZ or Australia?With regards to "what is a good price", well, you'd need to work out what the place would be worth renovated.  Then you'd need to work out how much it would cost to renovate it.  Then if you plan to sell, you'd need to work ou…[Read more]

Hi new_startYeah the annual fees sound high.  And they will never go away.  Beware that even though your proposed place is not a serviced apartment, its capital appreciation may well be affected by the fact that most of the rest of the building is (serviced apartments).You could do a bit of reading on SMSFs (Self Managed Super Funds) and D…[Read more]

Hi MisterYou might also consider employing a property manager in the future – it'll cost you all in all about 12% of your rental return.  They'd handle rent collection, inspections, chasing tenants for unpaid rent, submitting relevant eviction notices where necessary etc.  That sort of thing.  Saves you from finding yourself in a position of de…[Read more]

Hi there,Here a few spots for you to start focussing on.  Look at http://www.domain.com.au or other appropriate websites to establish what the "buy" vs "rent" prices are in the area.  Also use google maps to see what the neighbouring suburbs are, and research them to see what king of activity is going on there, and how this might assist you in guessing w…[Read more]

West Footscray.  It is in the critical radius of the city and has enjoyed some great gains.  I personally wouldn't want to live there due to the nature of the township at the moment.  A dear friend of mine who was living there explained that the Neighbourhood Watch newsletter was not a Microsoft Word page with two half pages detailing petty th…[Read more]

No worries, hope it helps. 

Are they residential apartments?  Or are they serviced apartments?  If it is the latter, have a read of this;https://www.propertyinvesting.com/forums/property-investing/help-needed/4330114

Hi RayThere is a tool on the ATO website that will help you answer your question.  It is here; http://calculators.ato.gov.au/scripts/axos/AXOS.aspAlso this thread is of interest:https://www.propertyinvesting.com/forums/property-investing/help-needed/4330166Jacqui

Re insurance, have a read of this; http://www.somersoft.com/forums/showthread.php?t=6314I would also say be very careful regarding the manner in which floor coverings and damage to walls is covered.  Damage to floor coverings can be sneakily excluded by the insurer as it supposedly falls under "normal wear and tear".

I use AAMI, though they have a similar excess.

Hi DanielWhere is it that your parents live, and where will your job be located?

Terryw wrote:
You only get one property which is CGT exempt. (except for a 6 month overlap period when you can claim 2).

Hi Terry, just wondering what you meant by "except for a 6 month overlap period when you can claim 2" ?

Look very closely at Laverton.  Basically it is a suburb of fibro looking RAAF houses.  They tend to have large rooms and sit on decent sized blocks.  It is an area that is literally surrounded by new and improved areas, and they are closing in fast.  It is just a matter of time before Laverton follows suit by default.  And not much time, I woul…[Read more]

Can't stress enough the importance of the right insurance.  http://www.aami.com.au/home-insurance/landlord-insurance.aspxI have landlord insurance with the optional extra of tenant protection insurance.

ok mate.  Touch back in with us if you need more ideas or a place to vent

My knowledge on your second question is too limited to comment.  However is one aware that one can also run one's own super fund (SMSF) and that the said super fund can acquire property?  One could then sink extra money into one's super fund each year at a reduced tax rate.  This sounds nice since property is normally purchased with net inc…[Read more]

ps lease options are probably more commonly referred to as "rent to buy"

Another option might be to sell the entire property, provided that you can purchase an option to buy it back again.  Take a look at lease options if this sounds relevant to your situation.