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Steven

  • OK, so NZ government wants to ban foreign investors from buying NZ properties, but Aussies are protected.

    There is quite some speculation going on at the moment, with quite a large number of people thinking NZ properties price will drop. What are people’s view here?

    I think this represents some good news for home buyers, but is can also be an…[Read more]

  • I understand how you calculated it, but that was not the intention of my question.

    I was actually asking:

    When you say get those 8-9% return for those “west bris” properties, were you able to get those properties at market value and still get 8-9% return (meaning west bris is such a fantastic area to invest in that we should really get to it…[Read more]

  • Jaxon, when you say 8-9%, is this in the sense of 8-9% without buying below market value

    or you need to be below market value to get that 8-9%, otherwise you’d only get 5-6% (like how much we get in Melbourne if we don’t buy below market value)

  • I think legally speaking, you do get a 6 months overlapping period….

    But I don’t know if ATO will want to consider one of them to be “partially CGT exempt” and back charge that partial CGT tax one way or another.

  • Just curious, what sort of rental return did you get, since you mentioned it was good return.

  • I will add one to that list:

    Houses that are built as “brand new” are not necessarily built using the best materials and products either.

    For example, if I build a brand new home for myself, I’d choose the best quality products. But if I only “build a new home so I can sell it”, I will use the cheapest materials and what not.

    While I myself…[Read more]

  • Thanks Benny.

    The part about having extra income is not really the main point though.

    The important lesson I was hoping to reinforce — via my own experience — is that it is better to buy something that is already established and second hand, and do some minor cosmetic makeover, rather than buying something that is brand new.

    Of course, don’t…[Read more]

  • Hi Benny.

    Yea, in fact, the only difference I can find is one is new and the other is second hand or something like that, as well as they do get the option to build say a granny flat (since they do have the size of land) if required compare to those H&L with only 300 sqm of land… so probably slightly “better” in this regard.

    But still, I got…[Read more]

  • Hi Benny.

    Yea, in fact, the only difference I can find is one is new and the other is second hand or something like that, as well as they do get the option to build say a granny flat (since they do have the size of land) if required compare to those H&L with only 300 sqm of land… so probably slightly “better” in this regard.

    But still, I got…[Read more]

  • Hi Benny.

    Yea, in fact, the only difference I can find is one is new and the other is second hand or something like that, as well as they do get the option to build say a granny flat (since they do have the size of land) if required compare to those H&L with only 300 sqm of land… so probably slightly “better” in this regard.

    But still, I got…[Read more]

  • Hi all

    Just got a bit confused here.

    Under normal circumstances, anything that I saw in the past that gets defined as “house and land package” are usually the properties with 200-300 (it some cases 400) sqm of land.

    But recently I have seen some ads for “house and land package” but with over 600 sqm of land.

    So how is that different to a…[Read more]

  • My opinion on that one is:

    If there are positively geared properties to be snatched up, they would have been snatched up already.

    I would imagine if an area where properties on the market (not off market) can be bought for positive cash flow, then it’d immediately become an investor hotspot and those positively geared properties would run out…[Read more]

  • Hi Jaxon

    You cover New Zealand too?

  • Thanks.

    I won’t go down this path then.

    I don’t need the equity released urgently, as the investment I am looking into won’t happen until sometime in Feb-March next year, so I will try to work out something else instead.

  • Ok, that makes sense, but what about the scenario I described above concerning when moving in with my parents don’t work out well after a few months? such as this example:

    1. I move to my parents’ house later this year and apply for equity release.

    2. Suppose the application is successful and equity is released in January.

    3. I then try to…[Read more]

  • Ok, that makes sense, but what about the scenario I described above concerning when moving in with my parents don’t work out well after a few months? such as this example:

    1. I move to my parents’ house later this year and apply for equity release.

    2. Suppose the application is successful and equity is released in January.

    3. I then try to…[Read more]

  • Ok, that makes sense, but what about the scenario I described above concerning when moving in with my parents don’t work out well after a few months? such as this example:

    1. I move to my parents’ house later this year and apply for equity release.

    2. Suppose the application is successful and equity is released in January.

    3. I then try to…[Read more]

  • Ok, that makes sense, but what about the scenario I described above concerning when moving in with my parents don’t work out well after a few months? such as this example:

    1. I move to my parents’ house later this year and apply for equity release.

    2. Suppose the application is successful and equity is released in January.

    3. I then try to…[Read more]

  • What really annoys me in this scenario is that:

    I went to my bank, sat down together with ANZ’s banker (also happens to be a “senior banker”). Did our calculations.

    When he checked my personal bank account’s transactions, it is so bluntly obvious that between my and my wife (we both bank with ANZ), after all the monthly repayment and our…[Read more]

  • What really annoys me in this scenario is that:

    I went to my bank, sat down together with ANZ’s banker (also happens to be a “senior banker”). Did our calculations.

    When he checked my personal bank account’s transactions, it is so bluntly obvious that between my and my wife (we both bank with ANZ), after all the monthly repayment and our…[Read more]

  • Load More

Steven

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