Hi Guys
No GST is payable if buying residential property in NZ.
If you are buying a farm it is though.
Regards

Hi Steve
What us forumites in New Zealand getting a copy?

Regards

Hi Westan
Oh well we can’t win Lotto everyday. Roll on the Rugby World Cup.
The King Country is an area in the central North Island. The main two towns are Taumarunui (pop about 4500) and Te Kuiti (pop about 5500).
The best skiing in NZ (ha ha) is only about 50kms from Taumarunui on Mt Ruapehu. I am taking my school there next week costing the…[Read more]

Hi Guys
Hell that quick. Sitting here and thinking about places to buy in, I have a comment for Tamara in regards to Huntly. You are correct in what you say about it hi unemployment etc. However my thoughts on the new motorway bypassing Huntly is that in time Huntly will become an outer suburb of Auckalnd because the new road will allow quick…[Read more]

Hi Guys
For interest rates in NZ check out the http://www.interest.co.nz/mortgages.html site.This site is updated everyday and you can contact the lenders directly. My last house bought in Jan cost me about NZ$1300 in lawyers fees. That was a house in Manuwera, South Auckland.Cost $160000 and the tenant is paying $270 per week.I do have a Property…[Read more]

Hi Guys
Here is the email address of my account who has his main office in Napier. I think he also has interests in Australia. He may be able to help those of you who have queries about investing in NZ and the tax implications etc.
mail@hardingm.co.nz.
He also has a web site but I can’t remember what it is.
Regards

Hi Guys
You tell me the winning numbers for Lotto for next Saturday and I’ll tell you if the market is going to burst.
Regards.

Hi guys
The Reserve Bank in NZ has just cut its interest rates to 5%. A drop of 0.25%. The five big banks have increased there fixed mortgage rates by about 0.25% this week. However there is an expectation that floating rates will drop.
All of this is good news for homeowners.
I expect prices in NZ to continue increasing.
Remember people have/want…[Read more]

Hi Mini
Glad to be of help. I hope that it works out well.
Wife had a look through some houses in Tokoroa today. She is quite enthused about a couple of them. Just waiting for the mortgage broker to get back to me.
Regards

Hi Mini
I noticed that this morning’s Ruapehu Press had only one house To Let in Taumarunui and it was at $125 per week. So things may be looking up.
Also someone wants a 3 bedroom house for long term
rent email tohunga@xtra.co.nz.

Hi Mini
Thanks for the rap. No I am not in Tokoroa. In fact I live in a little town of about 30 people about 40kms from Taumarunui(pop 3000) where there are a number of $25000 houses rent about $100-$120 per week.

Te Kuiti is also a nice little town close by. It has two freezing works and a hospital plus it services a large farming area.

I’m…[Read more]

Hi Guys
I’ve been watching this fascinating topic of investing in NZ with much interest for quite awhile.
I’ve recently sold a property in Napier and made a good CG on a negatively geared poperty. I am now looking with interest in some of the central North Island towns which are much cheaper to buy in, have low CG at the moment but show very good…[Read more]