kiwiproperty replied to the topic burnie in the forum Overseas Deals 19 years, 6 months ago
Hi Liz
We haven’t had any specific experience with Burnie but suggest you contact the Nelson City Council and get the demographics of the area. Councils are generally fairly helpful.
Be wary of any investments in towns with less than 40,000 people, or that rely on one main industry.
You may also want to discuss this with a New Zealand mortgage…[Read more]
kiwiproperty replied to the topic Re-locatable Homes in the forum No Subject 19 years, 6 months ago
Whilst we haven’t had a lot of experience yet with relocatable homes (but are currently investigating it) we are aware that there are a number of legal issues that need to be considered.
There has been quite a crack down in Auckland particularly with respect to investors putting non habitable or sub standard multiple dewllings on the one title or…[Read more]
kiwiproperty replied to the topic help needed Good Accountant in Melb in the forum Overseas Deals 19 years, 6 months ago
Hi Kristine
Nigel is spot on – as an international investor you need to be careful of the structures you use, otherwise you can get caught with capital gains tax and a whole host of other issues.
We have found we have had to find the right accountants both in Australia and New Zealand and get them working together.
In Melbourne we can recommend…[Read more]