Hi Kiwi Pi, not a bad summary from betterbiz!!!
They have pretty much got it in one.
some spotters will be like you and find deals ahead of the client, others source property with specific criteria for their already identified clients, lots of ways it can work… PM me for info if you like.

CastleDreamer
NZ Investor and Property Spotter

weatherside = kind of hardiplank looking but fibro

CastleDreamer
NZ Investor and Property Spotter

these will certainly be worth watching to see what the outcome of the ASIC review/report ends up being!!

CastleDreamer
NZ Investor and Property Spotter

Well so far, the NZ topic area is up and running well. For those new to NZ investing, ask questions here for certain, have a good look at the answers and for sure, understand that different people have differing personal circumstances, so what’s right for one person may differ for another. If you are unsure about what someone posts, PM them, or…[Read more]

all that glitters is not always gold!!! these loans appear to have a high establishment fee!!! (not saying that is bad, but that sort of cash might not be available to some investors to put into one investment property at the expense of being able to secure a second or third one as well) You get the time value of the money later, but lose it…[Read more]

I agree with the sentiments here, Kathy Chappell and Lamberton’s are both the most highly recommended rental managers that I hear spoken about in NZ investor circles for Tokoroa.
at the end of the day, you need a rental manager that is honest with you, remains in contact, replies quickly to enquiries and concerns you have, doesn’t muck around on…[Read more]

Paying tax in Australia: this is general but here goes: Aussies pay tax on all personal worldwide income – whether or not they actually bring the money into the country – so if you have a profit or income in NZ and leave it there, the aussie ATO still requires you to declare it and pay tax on it if it is yours personally.
Yes the money is tax…[Read more]

Hi all,
if you are intending to use ANZ in NZ, then suggest that same as you do here, you need to have a real person at the other end!!!.. PM me and I can provide an ANZ banker in NZ details who is very onto it with Aussie investors.
Cheers
Cd

CastleDreamer
NZ Investor and Property Spotter

Hi Tokyojoe,
I see masteraccountants mentioned here. Quite a few Aussies are accessing his services for structure setup and accountancy in NZ…
Cheers

CastleDreamer
NZ Investor and Property Spotter

a Quicklink for anyone who didn’t click where this was from……http://www.derivex.com.au/case_studies/home_loan_case_study.htm

CastleDreamer
NZ Investor and Property Spotter

1. Is a trust best way to go for tax purposes?
Only your accountant can advise on tax stuff properly – as a general statement here, trusts are predominantly for asset protection, with tax minimisation benefits as secondary!! you will need to speak with an NZ accountant – a couple on the forum here if you do a search, and an Aussie accountant as…[Read more]

Tip 2:
if you are going to buy in NZ you may need to make lots of phone calls – when email is not quick enough – and sometimes they will need to be made quickly when you are not at home. Visit the local dairy/milkbar or Seven 11 and buy a phone card that lets you call from any phone prepaid, they are also a lot cheaper than many home phone…[Read more]

Hi all,
most of the local council sites have a brochure or link describing the LIM, its origin, legal basis, and the kind of information it contains. I have attached some links here that might be of interest:
http://www.howtolaw.co.nz/html/ml111.asp

Home

The LIM can be ordered by your solicitor, or your building…[Read more]

Hi there workfree,
no it is not essential to go to NZ to purchase a property, although that being the case you will need to do some homework here about areas and such that you might be interested in. Property spotters in NZ can assist you to purchase a house but they will not be able to make your decisions for you about area, finance, structure,…[Read more]

Muppet, we aren’t all in NZ at the moment!!! Just some of us enjoying the great weather and fantastic sunshine without the heat!!

CastleDreamer
“+CF properties in NZ available now, email CastleDreamer or Minimogul”

Hi aspong,
least hefty fee I know of is around 1600 bucks to find out about a property, up to around 5K for some of the big firms like ESC Richmastery, and even higher depending on the type of property, have heard of a finder charging up to 10K for the right deal – I guess it would have to have been a big deal!!! some charge by percentage, but…[Read more]

Hi there,
have a look in the white pages down there for buyer’s agents. I seem to recall seeing a couple of Agencies that advertised same whilst I was visiting friends last year.
Cheers
CastleDreamer
“+CF properties in NZ available now, email CastleDreamer or Minimogul”

Yep, Westan is certainly ethical, professional and down right honest as a property spotter. I would recommend him as well.
Cheers CD

CastleDreamer
“+CF properties in NZ available now, email CastleDreamer or Minimogul”

Hi Aspong,
do you own property yourself? One of the things many clients will expect is that you have experience to assist them with their purchase. being a bird dog can be even more difficult than just hunting out your own deals, depending on the level of service you will offer.
would you intend to just find the proeprty and pass the info along…[Read more]

NOt an tax expert, but my understanding is that acquisition costs as Derek has said can be offset against a capital gain. the capital gain does not have to be on this property, but if you don’t have any other gain, then the acquisition costs hold over until you sell the property and then you can enter them against the capital gain you make…[Read more]