Nickandrin replied to the topic Positive geared properties in 2011? in the forum Ive just purchased a 13 years, 7 months ago
Ive just purchased a positively geared property in NZ. There is no stamp duty in NZ and no capital gains tax. Also the rate of depreciation is 4% as opposed to Aus which is 2%.Our property does not meet the 11 second rule, but it does still make a nice return. In answer to your question, yes, there are still positively geared properties ar…[Read more]