Dean,

This looks really interesting at first glance – I will look more closely soon. I am going over to NZ to look for property in July. Any chance we could have a chat to help me with my focus?

PT

Today is a new day. You will get out of it just what you put into it.

It’s not the first few years that cost you, it’s when they get to high school, particularly if you send them to a private school.

Budgeting is importanct but as the others have said, having children is not about the cost it is far more about the enjoyment. Your life will never been the same.

Go forth and multiply!! (The practice is fun…[Read more]

Thanks Terry.

One last question. Is 20% a rough rule of thumb? It certainly means the compound interest on the initial purchase price is <1% if viewed over a 25 year period, which seems very low.

PT

Today is a new day. You will get out of it just what you put into it.

Thanks for the feedback.

I suppose what I was trying to say was, how do you determine the price to sell the wrap property at to the wrapee, having just purchased it.

For example:
Purchase porperty at $100k
Sale price for wrap deal $100k x X%

Given these deals are a 25year mortgage, what is a reasonable % gain to expect on the original…[Read more]

Hi,

I’m quite interested in the NZ market, but as you say, it needs a lot of research to make sure any deal makes sense.

saotaylor

Today is a new day. You will get out of it what you put into it.

Hi, my first time on the forum, but hope this helps.
CGT is payable at your full marginal rate if property or other assets sold for profit within 12 months. It is 50% of that if sold after 12 months – a significant saving!
To calculate your CGT, you deduct from your sale price the actual cost of the property, legal and stamp duty and any other…[Read more]