Total Members: 159,403

1hoobadriver

  • 1hoobadriver replied to the topic What are people doing? in the forum Help Needed! 20 years, 3 months ago

    Punting Index futuures and Trading share options till things heat up again.
    Cheers

  • 1hoobadriver replied to the topic Positive Cash Flow Property in the forum Opinionated! 20 years, 3 months ago

    I wouldnt say touching a fleecy jacket in Colorado is the same as touching the bricks and mortar that you can alter through renovation etc to increase value and i certainly wouldnt say property is a dead certainty either.
    At the end of the day invest in what makes you feel the most comfortable be it shares , property, collectibles……

    Cheers.

  • 1hoobadriver replied to the topic Depreciation Schedule in the forum General Property 20 years, 3 months ago

    Thanks i just did .

    Cheers

  • 1hoobadriver replied to the topic property prices falling %10 year to date. in the forum General Property 20 years, 3 months ago

    “On house prices, the 1.2 per cent fall in the second quarter is a record, but that’s in nominal terms. In real terms, house prices fell much more significantly than this during the early 1990s,” he said

    Not something to be too alarmed at i wouldnt think ….1.2%

    There was quarterly rises in all all other capital cities, ranging from 1.0 per…[Read more]

  • 1hoobadriver replied to the topic Depreciation Schedule in the forum General Property 20 years, 3 months ago

    http://www.depreciator.com are very usefull and provide a good service .
    Cheers

  • 1hoobadriver replied to the topic Positive Cash Flow Property in the forum Opinionated! 20 years, 3 months ago

    I just like the idea that if you hold property you can actually do something to enhance the returns on your investment. With share etc you buy and hope. Its out of your control and there is nothing you can do to influence the returns…

  • 1hoobadriver replied to the topic some general questions in the forum Help Needed! 20 years, 3 months ago

    Any reccomendations for accountants in NZ?

  • 1hoobadriver replied to the topic some general questions in the forum Help Needed! 20 years, 3 months ago

    How did you go about it for your portfolio Westan may i ask ? and can you recommend a good accountant in NZ?
    Blitzem does that mean you pay tax twice on any surplus income earnt from your property’s,once in NZ and then again in OZ ?
    Cheers

  • 1hoobadriver replied to the topic NZ Rent to Australia in the forum General Property 20 years, 3 months ago

    .

  • 1hoobadriver replied to the topic NZ Rent to Australia in the forum No Subject 20 years, 3 months ago

    I used a Bank in NZ and cash deposit , to keep the funds and debt offshore and not have the risk of adverse FX moves that could easily wipe out the near 1% interest rate diferential between and OZ mortgage and an NZ one. You can get an 18m fixed rate of 7.35% last i checked.
    Cheers

  • 1hoobadriver replied to the topic NZ Rent to Australia in the forum General Property 20 years, 3 months ago

    “you only really have to worry about it if you are borrowing in Aus (say) and buying in NZ and your NZ income has to repay an Aussie debt”
    That is I believe the case for nmcase therefore the need to bring back the rent each month to pay the debt in OZ. This is the instance when the FX risk is evident.I am not familiar with Dolf’s procedure…[Read more]

  • 1hoobadriver replied to the topic NZ Rent to Australia in the forum General Property 20 years, 3 months ago

    I think it looks good now 1 kiwi = .93 odd aussie, but i noticed it had been down at .74 in 2000. I think comfortable band looks like .80-.90 range.Outside of that the downside looks a bit scary.

  • 1hoobadriver replied to the topic NZ Rent to Australia in the forum General Property 20 years, 4 months ago

    Sure … set up an account with Ozforex.com.au …and they can give you competitive quotes to exchange your currency …maybe even no fee and you can do it online yourself from your acccount in NZ to your loan account in OZ .
    Cheers
    PS: What do you think about the FX risk ? worth the lower cost of funds or ?

  • 1hoobadriver replied to the topic Nz prop Depreciation rules in the forum Help Needed! 20 years, 4 months ago

    Ok thanks for that i will investigate the sites mentioned, thanks a lot. I like the fact there is no age restriction , seems rather user friendly.
    Regards

1hoobadriver

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