But basically no one can answer those questions about where to invest in NZ except you! There is no one place is better than another solution – each has…[Read more]

Melbourne based Nigel Kibel is a reputable buyer with a good track history of purchasing NZ property for Australian investors. His web site is…[Read more]

It depends who you are using to manage your property and whether they are a member of a professional body (like REINZ).

Usually inspections are done on entry and exity of tenants and again every 12 or 24 weeks, more commonly 12 weeks or 3 months.

You don’t always see the reports, they are not furnished to landlords as a matter of…[Read more]

And our NZ investments are stand alone – all funds are sourced via a NZ broker who is absolutely excellent at getting money for Aussies.

Now in all fairness it does also have a little to do with your NZ investment structure, and how geared up your portfolios are.

Our experience is that if you are 80% LVR or…[Read more]

Kiwi Property Investor Magazine does do reports on vacancy rates in towns. It’s a little difficult to get hold of if you’re not in NZ but try here: http://www.propertyinvestor.co.nz/

Landlords.co.nz has a useful article which says you can get the vacancy rates from REINZ:
http://www.landlords.co.nz/article1231.html
The article is well worth…[Read more]

LIMs are, in a way, your certificate of occupancy. So it is definitely the inconsistencies in the LIM or what’s missing…[Read more]

I have to agree with all of Westan’s comments -…[Read more]

I suppose you could solve this mystery by phoning one of them…[Read more]

Yes, the definition of cross lease is “A legal means of facilitating joint ownership of a freehold section of land with individual ownership of the buildings on that section.”

Now thes best place to get a valuation is to checking out Quatable Value at https://www.qv.co.nz/default.htm or commission a valuation from a valuer.

We have a cross…[Read more]

Sigrid de Castella & Antony Anderson

http://www.kiwiproperty.biz
New book “The Guide to New Zealand Property Investing – Australian Edition”
Available at our web site along with other NZ Resources for Australian Investors

There are some great buyers agents around like Nigel Kibel of Property Know How or Karin MacKay of Australian Property Buyers (both in Melbourne but they buy all over Australia and Nigel in NZ). These two are reputable and will tell you upfront whether they han help you.

Whilst research and due diligence are incredibly important so is…[Read more]

The beauty of having a propety manager is that they do all of this for you, and they vet the tenants which is why we never manage our own properties.

But if you’ve chosen to self manage it’s a much…[Read more]

However for those wanting to know more about this curly topic, here goes. You can still chose straight line or diminishing value for depreciation. Or you can choose not to depreciate at all.

Building, land and chattel values are based on the written valuation at…[Read more]

It’s important to understand that according to the ATO any Australian entity or person making a capital gain anywhere in the world is…[Read more]

Best bet if you can’t do it yourself is to get a building inspector to do it all for you – it’s worth the money – but make sure you get someone who is well…[Read more]

http://www.kiwiproperty.biz
New book “The Guide to New Zealand Property Investing – Australian Edition”
Available at our web site along with other NZ Resources for Australian Investors

http://www.kiwiproperty.biz
New book “The Guide to…[Read more]

http://www.kiwiproperty.biz
NZ Resources for Australian Investors

I know I’m coming in at the end of a long conversation here but subdivision in NZ is very different – best option is to cross lease residential blocks with multiple dwellings on them. Commercial is a different proposition.

Rates and contributions vary depending on the city and the council fees involved, and will definitely be more in…[Read more]

We haven’t had any specific experience with Burnie but suggest you contact the Nelson City Council and get the demographics of the area. Councils are generally fairly helpful.

Be wary of any investments in towns with less than 40,000 people, or that rely on one main industry.

You may also want to discuss this with a New Zealand mortgage…[Read more]

There has been quite a crack down in Auckland particularly with respect to investors putting non habitable or sub standard multiple dewllings on the one title or…[Read more]

Nigel is spot on – as an international investor you need to be careful of the structures you use, otherwise you can get caught with capital gains tax and a whole host of other issues.

We have found we have had to find the right accountants both in Australia and New Zealand and get them working together.

In Melbourne we can recommend…[Read more]