I agree with Playa chicken

Olly is one of the few people on the speaker circuit who has actually been there, done that AND got the t-shirt to prove it!

While he is only one voice, in my opinion he’s one of the few worth listening to!

There are many investors who have been successful in the rising market but how many of them have been…[Read more]

Tamara

While I dont live in Australia I do live in Asia and invest in Aoteoroa. My mortgage broker informs me that he can source mortgages for 10% deposit but this does depend on location, your income and what type of property you are purchasing. Please feel free to pm me if you want his details.

Tamara

Just a word about Rotorua. When doing your due dilligence check out with a local property manager. I have been told that there are some suburbs there that PMs will not touch.

Tamara

You would need finance for converyancing, LIM, building inspection (if you choose to do one), plus have building and landlords insurance organised for when you take ownership(you will require proof of this for you bank) and of course your deposit.

Tamara

I just want to know if anything has changed or is this site still the only one I visit that needs me to sign in everytime I wish to visit?

Tamara

I guess I would be asking mysself what would happen if Housing NZ were no longer your tenant? How easy would the property be to tenant etc.

Tamara

Ngaruwhaia is part of the the Waikato District Council. You might find something about the district council on google.

I suggest that you go to http://www.propertytalk.co.nz as this site has a whole host of sites that will help you with your due dilligence on NZ properties. There was also a thread that discussed this part of nz that…[Read more]

Tamara

It is true that you will need to provide a deposit of 20%. I believe that this is for exactly the same reason as off shore investors investing in oz, you cant get mortgage protection insurance.

sorry can give you specific information regarding the second question.

Tamara

I own a cross leased property in NZ and as far as I know the most significant thing to be aware of is if you want to add a garage or… then you will need to get the permision of the other cross lease owner.

Try this thread from the Property Talk…[Read more]

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=9174

Tamara

If you go to

http://www.propertytalk.co.nz

then you will find a whole host of links with the kind of information that you are looking for.

Tamara

If you go to this web site

http://www.propertytalk.co.nz/

and look up the page Members Corner (you need to be a member and it is free to join), Professional listings will give you a selection of mortgage brokers recommended by other investors in New Zealand.

I hope this helps

Tamara

No matter whether you invest in oz or nz you need to do your due dilligence and remember there will always be another good deal just around the corner.

As we are based in neither nz or oz I find myself doing the same due dilligence.

Tamara

Whether I invest in nz or oz I am asked for a 20% deposit. Mind you I have not bought an off the plan property.

Tamara

I know that this is what some lenders are asking but I suggest that you do further research on finance as it is easy to get a 20% deposit deal as an off shore investor. Try a new broker. PM me if you want to know who I have just used.

Tamara

Tamara

Tamara

You are right in the fact that Tokoroa has been effected by the closure of the mill and as it was the major employer I foresee a serious shortage of employment opportunities. I suggest you research up the socioeconomic status of Tokoroa and the South Waikato District Councils strategic plan to see if there are any new developments in the…[Read more]

Due our location I tend to do as much of my research on the internet through generic search engines and specific ones that include future plans for the area etc and then try and verify it through alternative means such as RE agents, friends, forums etc. We usually are unable to make a visit to the location but do try and make holidays so that…[Read more]

To aquire finance in NZ is just the same as OZ. You can approach lending institutions individually or approach a mortgage broker. As far as know the best finance you can get is 80% the same as off shore investors investing in OZ. I understand the reason for this is the you can not obtain LMI.

I suggest that you go to Zanis1 (Marc)…[Read more]

I agree with marc. I have recently ceased my PM contract taking immediate effect. They were very lax infact they were costing us plenty of money too. I have since found out that there were other people who were unhappy about the PM. In my opinion word of mouth is a good source of referal.

Tamara

Tamara

You are right when you say the FRIB rules do not apply…well according to my research. My husband and I are investing from abroad also. While getting responses to your emails can be painfully slow, if you find a great group of advisors to support you and your due dilligence is thorough there is no reason why you can not invest successfully…[Read more]

The new magazine you are refering to…will it be available in magazine shops or should I be looking elsewhere for it?

My husband and I are currently investing in OZ and NZ and will be purchasing in NZ around xmas time, going back to have baby NO.3 then back up to Brunei.

Tamara

Try the couple I included in the post directly above yours. If you are still not happy then I suggest you do a search through google. There are heaps.

As mentioned in other threads about nz two banks do not use mortgage brokers but that still leaves a large selection of lending institutions that you can use.

Please post again if you…[Read more]

I dont think that people should avoid buying in areas with high groups of Maori or Pacific Islanders. I think as with any property purchase you need to consider the ability of the tennant to pay and their willingness to care for the property. It has more to do with the socioeconomic group that will be interested in renting your property…[Read more]

Muppet I agree with you comment about Huntly having the potential to be treated as an outer suburb of Auckland. Hamiltonians already drive to Auckland work and the new State Highway will on encourage more people to consider this option. It may even help lower the unemployment rate in Huntly who knows.

I would be considering places in the…[Read more]

Huntly is a small town about 1 hour south of Auckland and about 1/2hr north of Hamilton. It is one of the significant communities for the Tainui Iwi. It has a number of busness’ that have relied on State Highway 1 travelling through it. The very near future will see the highway move right out of town. What that will mean for the business…[Read more]

I have not yet used either of these brokers but have emailed them responses to my satisfaction.

http://www.financialpictures.com/

http://www.approved.co.nz/benefits/

Hope that gives you a start.

I am about to draw down some equity from our property and will keep you posted re brokers.

Tamara

You are right about the ease of investing in nz.

I feel the only time you will be exposed to currency fluctuations will be in providing a cash deposit (assuming you have no equity to utilise) and fees for professional services. You then make sure sure you have a cashflow positive property.

Banks in nz certainly make it easy to…[Read more]

I assumed that the exemption worked in the same way as in Australia…..must be earning a large 6 figure income.

I…[Read more]

It has only been vacant for about 8 weeks in that time.

I suggest that you can find them in you designated part of nz. Just do your due…[Read more]

I too have not receieved the newsletter since March. I use hotmail where the email was coming directly into my inbox. I have even been checking my junk mail box but nothing.

Can it be post when the next newsletter is sent out so I can look specifically for it.

tamara

Tamara

I believe that the best way to finance IP purchases in nz from oz is through a nz bank. My suggestion would be to use a mortgage broker to help you source the best deal.

Tamara

Tamara

I thought that those who are planning on investing in nz might be interested in this article titled 2021, the Future. It can be found at this link

http://homeandgarden.nzoom.com/homeandgarden

Sorry i dont know how to post a link so you will have to do a little searching.

Tamara

I agree KIS. One of our properties has a bare garden bed. I has had so since it was purchased a number of years ago. It has primarily like this because each group of tennants have not wished to garden and this garden is under the eaves where no water gets and very few weeds appear. We have decided that if we have tenants who wish to care…[Read more]

People always think the grass is always greener on the other side but in my opinion both nz and oz have their benefits when it comes to investing in Property.

I guess when investing it all comes down to your financial goals. To me investing both in oz and nz will help us fulfil our financial goals.

Tamara[]

Just another thought. You might want to think about the temperatures in the winter. Frosts..etc.

Tamara

Tauranga is known for its sunshine hours along with Nelson. Temperature wise I would defintely be sticking to the north of the North Island.

Tamara

Try this web site to help you answer your question.

http://www.company-solutions.co.nz

NZ definately operates a trust structure but I am unsure as to how it specially operates.

Tamara

I made some enqires last year and got feed back through ASB and mortgage brokers that said 20% down. Admittedly I have not followed through as of yet but I think that the right broker in New Zealand will be able to help you there.

Tamara

Further to Susies point about GST in NZ. You would only have to pay GST if you are registered. I think you need to get advise but from what I understand it is only worth registering for GST if you own a significant amount of real estate in NZ.

this site will help with this question (NZ version of ATO)
http://www.ird.govt.nz

However your…[Read more]

My husband and I are in the same position. We have decided that it would be better for us to stay offshore and have looked into Buyers Agents and RE agents. We have made contact with a couple RE Agents who were very helpful last time we were in OZ and Buyers Agents also. I have also been networking with other people in we know who…[Read more]

have you factored in the body corp fees and managements fees?

Tamara

It is not something that I can answer directly except to say that New Zealand does not have FIRB. The laws as far as foriegn investment are a little more lax in New Zealand. I suggest you contact this web site and ask.

http://www.reinz.org.nz/

If they cant answer then I am sure they will be able to connect you with the correct…[Read more]