PropertyInvesting.com | wlynch | Activity https://www.propertyinvesting.com/members/wlynch/activity/ Activity feed for wlynch. Wed, 15 Apr 2026 01:23:42 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 2a04fae6da72481f01d7b191d0552493 wlynch replied to the topic When does a property become a millstone around your neck or is this a matter of just hanging on? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399315-when-does-a-property-become-a-millstone-around-your-neck-or-is-this-a-matter-of-just-hanging-on/#post-4620680 Tue, 30 Mar 2010 21:10:28 +0000 Thanks Guys,

Just had the place appraised and as it turns out it isn’t worth selling at this point so I’m left with needing to rent it out. When the unit was first advertised the agent tried getting the rent up from where it was and we have reduced it from there since. It’s now currently be advertised for only $5 more than what I was getting from…[Read more]

]]> bcf44aa3912f6ab3fc2114a21090546d wlynch replied to the topic Need help getting out of my NZ investment in the forum Overseas Deals https://www.propertyinvesting.com/topic/4399017-need-help-getting-out-of-my-nz-investment/#post-4618669 Sat, 27 Mar 2010 09:45:49 +0000 As it turns out, after finalising both NZ and OZ tax returns. 20.2K NZD this year for me, which are the accumulated losses, in AUD 16.2K. Worth claiming I say!!

Wendy

]]> a7f6f1e70a1e0944d5daa9039ef67654 wlynch replied to the topic Investing in NZ in the forum Overseas Deals https://www.propertyinvesting.com/topic/4399294-investing-in-nz-12/#post-4620518 Sat, 27 Mar 2010 07:31:50 +0000 Oooo sorry Ozharp have just thought, forgot to say, DO NOT set up a NZ company to put your investments under. Did that and learnt the hard way. The losses are lost forever!!!

Wendy

]]> de795ef98e489953bccbcd690d3b7dd2 wlynch replied to the topic Investing in NZ in the forum Overseas Deals https://www.propertyinvesting.com/topic/4399294-investing-in-nz-12/#post-4620517 Sat, 27 Mar 2010 07:27:30 +0000 Hey Ozharp

I answered pretty much this question in another forum a few weeks ago the following is guts of what I had to say. Hope it helps.

I own two investment properties in NZ one in Whangarei which I’ve owned since 2004 and one in Nelson which I’ve owned since 2007.

I know for sure that all of your losses are a tax deduction over here and…[Read more]

]]> c3190c52870a89b4ee00d71162e091d3 wlynch replied to the topic New Zealand Deals Everywhere in the forum Overseas Deals https://www.propertyinvesting.com/topic/4398507-new-zealand-deals-everywhere/#post-4615604 Thu, 11 Mar 2010 09:14:52 +0000 Hi Vicky,

I’m a NZ’er who’s lived in Oz for 28 years but have two positive investment properties in NZ and would dearly love to buy again but for the life of me I can’t find a bank now that will give me a loan without 30% deposit, NZ’er and all!! I’ve had one property since 2004 and the other since 2007 so have some history, bank accounts, IRD…[Read more]

]]> 44409744579a50952b1c00d2deef6b77 wlynch replied to the topic Need help getting out of my NZ investment in the forum Overseas Deals https://www.propertyinvesting.com/topic/4399017-need-help-getting-out-of-my-nz-investment/#post-4618666 Tue, 09 Mar 2010 03:05:38 +0000 Great news Krish but don’t be too hard on your mate as I was only speaking to my NZ accountant last week and we were discussing a claim that I thought I was entitled too and basically his comment to me was that, ‘it didn’t matter anyway as the losses would only just sit NZ until I went back there to work to beable to make a claim agaisnt them.’ I…[Read more]

]]> 8aaf71c33372fc553704df1de54fd7a3 wlynch replied to the topic Need help getting out of my NZ investment in the forum Overseas Deals https://www.propertyinvesting.com/topic/4399017-need-help-getting-out-of-my-nz-investment/#post-4618664 Mon, 08 Mar 2010 11:09:12 +0000 Hi Krish

I own two investment properties in NZ one in Whangarei which I’ve owned since 2004 and one in Nelson which I’ve owned since 2007. Although different to your situation, mine are positively geared now thanks to the drops in interest rates.

The Nelson property has held it’s own as far as capital gains are concerned and the Tasman area is…[Read more]

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