The income that they generate from their house would be counted against their income from gov. – i’m not sure if they used their house to buy a IP if Centrelink would count that expenses – i think they would unless they can put their money through some sort of super fund – my parents had same issue except my father is in…[Read more]
As thefirstbruce says most coastal regions are for retirees or tourists and therefore the rental yeidl would be low – prices have gone up but the rents have not followed as quickly
I tried to use ANZ but got a similar response to Chiba (welcome to Forum) from them – both in Australia and NZ. They need the personal touch whereas everywhere else they are tryign to have as little to do with the customers as possible. Someone suggested ING but i haven’t followed up on that as yet.
Sometimes when multiple agents involved they can get slack thinking that they still might not get the job in the end so why bother – it is a tough call but normally it is advisable to let an agent have a fair go at getting a tenant unless someone has one waiting for you
There probably is a time limit in terms of the time between the purchase of the three properties otherwise there would be quite a few property investment business – there is a similar criteria here but you have to making enough money to call it a business
I think you would be better off trying to find an accountant in NZ since they have different laws and know how the taxation works in NZ where you will be paying the tax
no knowledge of accountant but a lot of aussie accountant don’t know the tax laws o/s so won’t advise
Most insurances these days covers you for public liability but you must make sure it is in your insurance policy – these sort of things are coming up more and more these day
i know a few people own property in other countries but like you say most have citizenship or passport from that country. I’d be interested to know the laws to ownership of other countries or people’s experience with it
There are many reasons that the price could rise – lack of land available near the water is also a reason and people still want all the luxuries of the city so places where the infrastructure is in place will be the first to be taken – HousesOnly i feel is correct that there will be a downturn as people realise that they want to do…[Read more]