Originally posted by dohicky:
Anyway, onto the buying option… You need to be a tax resident here to buy.

Sorry this may have confused some people, if you are living in the UK you have to be a tax resident to buy property, this is not the same for non-residents.
I’m sorry if this confused some non-residents about their ability to purchase here,…[Read more]

Hi Andy,

Wow what a year.

OK So in 2006 it started with my first NZ IP bought through DLPP in Jan 06, on the latest valuation that was done in Dec 06 this property has so far increased in value by approx 24%. Very Happy [biggrin]

Second property move was a sale of my Sydney flat when I moved to London. It had increased in value by 23% after I…[Read more]

Hi There, and welcome to London! (when you get here)

I’m also on a working holiday visa, and even though you may have the impression getting work over here will be easy, think again. I came over with visions of working for a large corporate bank earning rediculous amount of money and setting myself up for a life in property.

How wrong I was.…[Read more]

HI guys,

Great statistics, I’m looking into investing in the UK at the moment there looks to be some great capital gains potential.

The tenants in the UK (of which I am currently one!) do pay council tax on the property as well as the water rates too. council tax is like the land rates you get in NZ/Aus. The only things that can’t be passed…[Read more]

Hi Guys,

I would be interested definitely, especially with your contacts (might have been a cheaper plumbing bill than the $1400 one I got a couple of months back). You would need a nifty software accountancy package to keep track of everything too, gone are the days of a bank statement and a highlighter to reconcile things! Having a property…[Read more]

HI Kristine,

sorry my only invercargill property is fully tenanted. I use Harcourts if that helps, but I did already have the tenant before taking it to them for property management about 7-8 months ago.

Maybe you need to take a good look at the property you have and look at what the problem is that needs a solution before you can rent it…[Read more]

The line of credit mortgage is just another mortgage product the banks have so it is not tied to having to use your PPOR as equity. you will need a deposit but its up to you how you get that.

The only restriction may be that some lenders may not allow lines of credit for investment properties, that depends on the lender you end up using.

I hope…[Read more]

which country do you have bad credit in? if its in NZ you coud have a problem, if it’s in Australia it may not show up on the NZ credit check.

If its in NZ baycorp usually hold that on your credit rating for 5 years. if you racked up the debt at 18, defulted by the time you were 19 then it looks like you have another two years to wait. Not all is…[Read more]

maybe http://www.qvonline.co.nz?

my question is, whats wrong with the name Ryde????? I lived in ryde and owned property there, I sold it after one year (in June 06) for $50K more than I bought it for. Ryde will have nothing but good capital gains memories for me!

they should be wanting to keep the name! (except its not really east of ryde, its really east of north ryde). maybe a…[Read more]

HI,

All this legal stuff could take a while and it may be contractually you owe them this sum. Just wondering if you have thought of investing $200 ish in a locksmith and get them to change all the locks for you so the builders dont have keys but you do. I know really its a moral question as to whether you would do this or not, but desperate…[Read more]

HI,

Unlike Australia it is the norm to list with more than one agent in NZ unless you are going to do an “exclusive” deal with one agent that is going to give you a discount.

I was recenly in NZ for three weeks and saw houses with 4 or 5 signs outside, those houses had been on the market for a while though and people are trying to cash in from…[Read more]

Hi I borrowed $15K in a personal loan to complete my renovations in sydney, then i got the property revalued and moved lenders to borrow enough to pay off the personal loan and mortgage, all within 5 months. it worked well for me.
I just sold that property for $50K more than i paid for it 12 months ago with only $20K spent on renos. no cap gains…[Read more]

I am loving the weak NZ dollar at the moment and considering i will be earning foreign dollars for another two years I hope it continues to drop over the next couple of years. imagine the amount of mulah i will have in my pockets when i return to nz! I could buy up all of invercagill. I’m looking forward to it.

Hi Guys, well this is right up my alley but what a bunch of misinformed people there are on this forum.

I work for Westpac so I cant say too much or I might get a phone call tomorrow morning asking me to clean out my things!

Westpac purchases and currently owns a large property portfolio, they are always on the lookout for new and exciting…[Read more]

not personally no, but my brother and sister in law live in London and live and buy properties in Peckham at the moment. a lot of new developments are being built and a public tram system will be put in for city commuters once all of the community housing (I call them slums) have been ripped down in the next 5 years. they have experienced good…[Read more]

2 – no its not sally but it does look a lot like her! I had to do a double take when the site changed just to make sure. Sally only does shampoo commercials unless she’s the next dancing with the stars queen…

hi guys,

yes one of the reasons i bought the place in strathern is during my research i found out that 70% of homes in that suburb are owner-occupied. That is exactly where you want your IP’s.

Home renovators aye? that mitre 10 dream home show must have finally hit the right spot in invercargill. Did you know they cancelled the aussie spin off…[Read more]

no offence but it they are “giving them away” I might keep that as my own little secret…[thumbsupanim]

well dont leave us in suspense like that, whats the goss????????