Replies Created | Forums | drinksbunny

Forum Replies Created

Viewing 7 posts - 1 through 7 (of 7 total)

drinksbunny
Member
@drinksbunny
Join Date: 2004
Post Count: 8
June 11, 2004 - 12:30 pm
Hi Robo,
I think you can go 100% offset on your NAB a/c provided the mortgage you have with them isn’t their base variable rate one. I don’t think it matters if it’s business, but if I’m wrong I’m sure someone will correct me.
…………….the holiday sounds good though[biggrin]
drinksbunny
Member
@drinksbunny
Join Date: 2004
Post Count: 8
April 19, 2004 - 2:50 am
thanks everyone,
I knew I’d have to find out all the ongoing costs, just wasn’t sure if I’d have enough deposit before I investigated more deeply. I might just stick to residential property I think, much easier.
drinksbunny
Member
@drinksbunny
Join Date: 2004
Post Count: 8
April 18, 2004 - 12:01 pm
Sorry Wrappack, but the answers no, there was alot of 2 year olds ‘buying’their first home so Qld (at least) now have an addendum to the usual FHOG form that you have to fill out and one of the points is that you have to be over 18.
We should’ve all thought about that when the FHOG first came out, could’ve been handy!!!!!!!
drinksbunny
Member
@drinksbunny
Join Date: 2004
Post Count: 8
April 18, 2004 - 11:52 am
Sorry Wrappack, but the answers no, there was alot of 2 year olds ‘buying’their first home so Qld (at least) now have an addendum to the usual FHOG form that you have to fill out and one of the points is that you have to be over 18.
We should’ve all thought about that when the FHOG first came out, could’ve been handy!!!!!!!
drinksbunny
Member
@drinksbunny
Join Date: 2004
Post Count: 8
April 8, 2004 - 10:11 pm
Definately follow Derek’s advice, but also be aware that it is only for the first $250k, so if your property is worth more than that you will have to pay on anything over ie $350k property stamp duty will still be needed on $100k.
drinksbunny
Member
@drinksbunny
Join Date: 2004
Post Count: 8
March 31, 2004 - 9:39 am
Hi Ceec
GV stands for government valuation – it is used to calculate the rates and also some banks will use it for lending without having to get a valuation. Having said that I have found that GV’s can be wide off the mark so would always go for a valuation.
Obviously it depends on the area when discussing the NZ RE market. We have a property in the BOP, North Island, we brought it about 10 years ago, the following 5 years showed a very nice rise in value, but then it stayed static for about 4 years and just started rising in value again last year. From friends I have talked to (who still live there) and some real estate agents I know it should continue to go up for a while. Other area’s – who knows???
I’ve read Westan and Minimogul’s posts on this site and I think talking to them would be a good first step.
My husband’s from the BOP and we go over regularly as my parents are living there as well, so if you come across any area’s over there feel free to PM me and I’ll let you know abit about those areas.
Otherwise it’s a great place to visit, a holiday with a tax write off hmmmm:)
drinksbunny
drinksbunny
Member
@drinksbunny
Join Date: 2004
Post Count: 8
March 24, 2004 - 12:26 pm
AMI also offer landlord insurance, although I don’t have it as we personally know our present tenant really well and they didn’t offer it when we took on our previous tenant.
Be careful with property managers, they aren’t nearly as good as the one’s over here. My recommendation would be to go so an agency that doesn’t handle alot of rentals but are trying to break into the rental market. I have rented in NZ and the big agencies never did any inspections except the first one and the final one. I used a smaller agency for our IP and we had regular inspections, but we really had to insist on them.
This is my first post and I have to say the amount of knowledge on this site is amazing & abit overwhelming