Hi stewarj – i am currently using Alvin Johnson (not sure of his user name) and his brother Westan (westan). They have been great so far – highly recommendable. Good luck!

stamp duty on LMI? – you have got to love the state govt

thx muchly Greatpig – might have a look for one of those books – i already have bought property thru a family trust – seems like it’s the way to go then – thx again

yes i agree – any tax benefits are great – wasn’t sure if some structures allowed personal tax benefits e.g. coys. Apart from using discretionary family trusts does anyone have a view on other vehicles to use?

jerry123 – i have bought two – all the details are on main active forum
Terryw is wrong again – you can borrow against them – Westpac will do 50% , so too will ANZ

so would i

Baloo – i have put up the details before

car spaces have doubled in price in the last 5 yrs around the cbd, i’m not saying that this will happen over the next 5 yrs however – even if you took a conservative 5% p.a. growth plus the 3% yield you will still outperform cash – unless you put in Terryw’s bank

add 10-20% capital growth p.a. to the net rental yield – that’s attractive

thx NZ Mortgage Broker and Ibuycashflow – will check out.

I am new myself and would also appreciate any NZ feedback.
patricklynch74 – check out houses in Mt Isa.

Shane g/Yorker – the spaces are managed by Securepark on a 5 by 5 yr lease with g’teed net rental of 3% (CPI increased annually). After 5yrs you can do what you want i.e. renew lease at whatever they are offering, use it yourself, rent it yourself privately. They are individually strata titled and can be sold at any time. 10% down now with…[Read more]

thx for feedback gmh454

thx Yorker – I have recently bought two for $56k a pop, settle in 18mths – as a guide I used the fact the car space on my Sydney unit was worth $25k 5 years ago when I bought it.