Nigel Kibel replied to the topic Depreciation which country in the forum Overseas Deals 20 years, 9 months ago
If you are a New Zealand citizen and you purchase a property in Australia it is my understanding that the Nz Government allows you to use there depreciation scheme, it does not work the other way around
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic if only in the forum Overseas Deals 20 years, 9 months ago
They use about 50%of the purcahse price it is still supposed to represent deporeciation on the building. However alas the New Zealand government have just reduced the 4% to 3%
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic What to do???????? in the forum Help Needed! 20 years, 9 months ago
I doi not know whether this will help you but I came across some builders in Melbourne recently how are offering a lease to purchase deal. You need to buy the land the builder pays your interest bill until the house is finished. A person agrees to buy the property at an agreed price in three years time and pay you a 9% return till then. This may…[Read more]
Nigel Kibel replied to the topic Town Planner in the forum Help Needed! 20 years, 9 months ago
If you are after a great town planner the best would be f r Perry and Associates, they have a great deal of experience in both residential and commercial developments. From small unit sites to the Melbourne showground redevelopment. They also have a mortgage broking arm which may also be of use. There contact number is 03 9662 1999 and ask for…[Read more]
Nigel Kibel replied to the topic The federal budget in the forum Overseas Deals 20 years, 9 months ago
Andrew
The best way to invest in the New Zealand property market is to establish the structures in New Zealand. I believe that one of the greatest benifits in New Zealand is that you can have a seperate income stream to Australia. Therefor you need to look at the structure and then what you are going to buy. The structure we use allows around 4…[Read more]
Nigel Kibel replied to the topic Depreciation which country in the forum Overseas Deals 20 years, 9 months ago
There is no great benefit in buying New Zealand property in an Australian structure. If you wish to invest there you should establis a structure in New Zealand, and borrow the money there.
We have spent a great deal of time and money looking at the best structures for Australians to purchase in New Zealand.
To answer your qustion if you buy in…[Read more]
Nigel Kibel replied to the topic if only in the forum Overseas Deals 20 years, 9 months ago
HI Robert
The depreciation begins every time the property is sold. So if you purchase a 100 year old home you can still depreciate it at 4%, based on the replacement construction cost.
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic WHICH STRUCTURES in the forum No Subject 20 years, 9 months ago
If you purchase a property in you own name in New Zealand and you sell the property you must pay capital gains tax. There is a tax agreemernt between our two countries. The only way to protect yourself is to establish the correct structure when purchasing. We have done a lot of research in this area. It is important to seek the correct advise…[Read more]
Nigel Kibel replied to the topic buying properties with available equity in the forum No Subject 20 years, 9 months ago
In my view if you are going to invest in commercial property then you should only buy blue chip. The price of a blue chip investment is normally a lot higher than a residential property. So for many people a blue chip commercial invest may be to expensive.
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service…[Read more]Nigel Kibel replied to the topic Stamp Duty: Off the Plan Purchases in the forum General Property 20 years, 9 months ago
It is my understanding that Victoria is the only state where the stamp duty is only charged on the land cost, anywhere else in Australia you pay the full stamp duty on the contract price. In New Zealand of course they dont pay stamp duty at all
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic buying properties with available equity in the forum No Subject 20 years, 9 months ago
banks lend on risk. They consider that commercial property is a greater risk than residential. They will also look at the location. Personally I would only look at commercial as either part of a syndicate or if I could afford a blue chip investment. You will find that the entry point for a blue chip commercial product is far higher than…[Read more]
Nigel Kibel replied to the topic Darwin market in the forum Help Needed! 20 years, 9 months ago
From what I am seeing many of the properties being constructed in Darwin are serviced apartments. This could easily leed to an oversupply. Perhaps check out the prices of houses, this may be a better long term investment
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic NZ Property Investment Book in the forum No Subject 20 years, 9 months ago
I must admit that I have read Tony and Sigrids book on a guide to New Zealand property investing and as someone who buys regularly in New Zealand This book is a must read for anyone considering investing in New Zealand and also for those who have already invested. They have taken the time to research the market a great resource.
Nigel…[Read more]
Nigel Kibel replied to the topic Investing in New Zealand in the forum Overseas Deals 20 years, 9 months ago
I also buy properties in Christchurch for clients and in other parts of New Zealand and Australia. I have a business that looks at the process from the finance to experts who deal in the best structure for Australians wishing to invest in New Zealand. What may have been a good investment a few years ago may not be now. I have my suburbs that also…[Read more]
Nigel Kibel replied to the topic Investing in New Zealand in the forum Overseas Deals 20 years, 9 months ago
I did not mean to pick on just North Brighton, it was just an example. The suburb has gone up in Price as have some of the surrounding suburbs. I believe that there are areas that may be better to invest in today. The point of my comments are that you need to research a market before you buy. You may have a different view to me thats fine. I find…[Read more]
Nigel Kibel replied to the topic States compared in the forum Help Needed! 20 years, 9 months ago
Before you decide which state you need to review your plan. What is your aim. If you are looking to invest for a number of years then you need to look at suburbs with capital growth. If you are after cashflow and growth look to New Zealand
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic Is it still possible? in the forum General Property 20 years, 9 months ago
If ypou wish to buy in one horse country towns maybe, however this is a dangerous stratagy. It is all about timing. Personally I look for property that can achieve some capital growth. When steve purchased a lot of his properties thae market was at a different point. To be a good investor is about being able to ajust your stratagies to suit the…[Read more]
Nigel Kibel replied to the topic accountant in Melbourne in the forum Help Needed! 20 years, 9 months ago
If you are after a good property accountant that is not expensive try Ruth Watson she is in carnegie and can be contacted on 03 9572 0144
She invests herself andloves property
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic help needed Good Accountant in Melb in the forum No Subject 20 years, 9 months ago
Hi Kristine
You need to deal with a New Zealand accountant, most here will not know. Have you purchased in New Zealand. I can assist to help you finfd an expert in nz. It is important that you have established the structures in New Zealand and not in Australia
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers…[Read more]
Nigel Kibel replied to the topic JP Morgan says house prices to fall 10% in the forum General Property 20 years, 9 months ago
Come the revolution the first to go should be the economists. When are they ever right. They are mainly negative. They prove that they do not understand the overall property market. But I hope they keep talking it creates some good buys.
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
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