Forum Replies Created
Hi guys, can anyone tell me what the letters WDC are with a dollar amount in respect to purchase of a leasehold property? Is this the amount you pay to the person who owns the land? and then do you also have to pay the rates on that land? Any help appreciated?
Thanks Terry,
They are bedsitters, bedroom/lounge/dining all in one room, a kitchenette and a small bathroom. Mainly for uni students, and it is 2 minutes walk to the town centre and bus stop etc. Any help is appreciated. Today another unit in the block went up for sale with a new tenant. I really am interested but need finance to continue.
MargyI am in outer Sydney area and looking at 2 bedsits of 24 sq each with LVR of 60% . My mortgage broker is having trouble finding a lender who will lend under 50sq, and also I am using a Unit Trust as the purchaser. Learning more each day…..
Margy
Hi,
I too am going to be investing in NZ shortly. Ilived in the North Island for 14 years. I was advised by some in the know to use the ANZ Bank as it is “The Australia & New Zealand Banking Group”. You can download the forms from the ANZ NZ site, fill them out, and take them into the closest Branch in Aus. They verify your details and onforward it to the NZ Branch. Not sure of the time frame, as I haven’t done mine yet. I am in the process of setting up a Trust in NZ before I make my first IP purchase.
Good luck. Hope this helps.Hi,
I too am a new investor, and after reading the forum notes on Trusts have just received and read in 2 days Trust Magic. It is an excellent ,informative document and is definitely the way to go. I have an appointment with my accountant on Monday to set everything up, before I buy my first IP, as yes, it is costly to transfer over from individual to Trust. Happy hunting.Hi everyone, I will be going to NZ at beginning of March to visit my son, and would like to contact a “birddogger”. I lived in Wanganui for 14 years, and my son still lives there, and would like to purchase some CF properties, not necessarily for the capital gains. You can email me at [email protected]. All replies gratefully received.[blush2]
Hi guys, I too am interested in contacting someone in the Nth Island of NZ to birddog as you call it. I lived in Wanganui for 14 years, but have been back in Aus since 1991. Any contact addresses would be appreciated.
