Nigel Kibel replied to the topic Selling property to investor from overseas in the forum No Subject 19 years, 6 months ago
In many cases they cannot buy residential property unless it is in an off the plan project then up to 50% can be sold to overseas investors. There have been changes to these rules for Americans withthe free trade deal.
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic What’s your target????? in the forum General Property 19 years, 6 months ago
As a rule of thumb, one million will produce around $50,000-$60,000 income. That of course is based on cleared funds. Buy one or two properties over the next 10 years and you should achieve this. If you plan you should be able to do far better.
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic Are seminars scams? in the forum Opinionated! 19 years, 6 months ago
I have conducted seminars in the past and I will be shortly conducting them on New Zealand. I am running a service. Our workshops will involve all aspests of investing in New Zealand. I do not consider this a scam. It means that people may learn something do it themselves or use my service. They will have met me in person and they can then…[Read more]
Nigel Kibel replied to the topic The benefits of property developing in the forum No Subject 19 years, 6 months ago
I have know Micheal Yarndey for a number of years. What makes him different to many seminar presenters is that he actually does what he says. There wold be no one with more experience in Victoria on investing with syndicates. If you are going to spend a few days learning something it is well worth while. Remember workshops and seminars are only…[Read more]
Nigel Kibel replied to the topic The Dangers of Remote Buying in the forum General Property 19 years, 6 months ago
In my view buying properties in one horse and other towns is dangerous. Most smart investors who brought in these towns are now out. In many cases 10 years worth of growth happened in 12 -18 months. Many people who purchase now could find themselves in deep trouble.
If you are going to purchase buy in main cities. If you want positive cashflow…[Read more]
Nigel Kibel replied to the topic abolishing neg gearing in the forum Help Needed! 19 years, 6 months ago
The last time an Australian government abolished negative gearing was in the mid 1980s by then then worlds greatest treasurer. The rental market nearly fall apart. Very quickly it was brought back. The government decided that they were not in the business of governmentt housing. However the same financial wizard then introduced capital gains tax.…[Read more]
Nigel Kibel replied to the topic Depreciation Changes – confirmed in the forum Overseas Deals 19 years, 6 months ago
someone should send this to our wonderful treasurer
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic Positive forecast for house buying bargains! in the forum General Property 19 years, 6 months ago
You have to remember that with the tightening of the US rates. They also came down a long way compared to ours. We are still higher than the us. It is also unlikely that rates will continue to increase there. There is no doubt that even as is housing affordability for first home buyers is at an all time low
Nigel…[Read more]
Nigel Kibel replied to the topic Positive forecast for house buying bargains! in the forum General Property 19 years, 6 months ago
Good news for investors if it happens.
However I have yet to see BIS Shapnel get interest rates right. It seems like a good idea to make such a prediction because it gets there name out there. With a cooling housing market and a slowing economy why would interest rates rise.Finally housing affordability really has more to do with first home…[Read more]
Nigel Kibel replied to the topic NZ Capital Gains Tax Change in the forum Overseas Deals 19 years, 6 months ago
This also means that it will continue to be great investing for Australians in New Zealand. It is important to establish the correct tax structures. Also look to main cities rather than one horse country towns.
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic Somersoft Forum – Your Opinion! in the forum Opinionated! 19 years, 6 months ago
Dear MA
I have been posting on Somersoft for the last few years. I have been posting here for only a few weeks. The main difference is that Somersoft is full of people who seem to know everything. Though some of the answers they give really make me wonder. Here there are a look of people who want to learn. I think this site is great
Nigel…[Read more]
Nigel Kibel replied to the topic Investing in Point Cook (Vic) in the forum No Subject 19 years, 6 months ago
When you buy new its try that you also get better tax deductions however you are paying for it.
In my view if you are going to spend $350,000 you are better off going to elwood or st kilda and buy an art deco apartment. If you want new be smark and deal with Michael Yardney from Metropole properties at least there you now waht you are paying for…[Read more]
Nigel Kibel replied to the topic Federal Budget… Good or Bad for Property? in the forum General Property 19 years, 6 months ago
Come off it.
We did not even have capital gains tax until 1985. In New Zealand capital gains tax and stamp duty have been abolished. If we can assist 10% more people to be self sustained and not having to rely on the State for a pension it will make a huge difference. What do you suggest yets alm stay on the same level while the country goes…[Read more]
Nigel Kibel replied to the topic Sydney Market??? in the forum General Property 19 years, 6 months ago
With Carr keeping thje Vendor Tax prices are bound to keep falling which means more buying opportunities
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic Federal Budget… Good or Bad for Property? in the forum General Property 19 years, 6 months ago
If we look at all the projected figures then by 2020 we will have double the amount of people aged over 65 and only 5% of people entering the workforce by 2020. These are government projections. If you review these figures then how did the budget address these issues. Sure there were tax cuts. The superannuation levy was abolished. But what was…[Read more]
Nigel Kibel replied to the topic Investing in Point Cook (Vic) in the forum No Subject 19 years, 6 months ago
If you are looking to move in thats a life style
move. Point cook is close to the city. Just due your research, you will soon know if you are getting value for moneyNigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic Lending criteria in nz? in the forum Overseas Deals 19 years, 6 months ago
Because you do not have security in New Zealand you need a 20% deposit. Because you are buying positive cashflow properties we can establish a structure that will make it far easier to get future finance. But as long as you have the 20% deposit it will be easier than here.
In Australia because most properties are negative the banks with only a…[Read more]
Nigel Kibel replied to the topic Caught by the NG hype – any thoughts? in the forum No Subject 19 years, 6 months ago
HI Kram
If you can get rid of it why not. In the long term this will not be great for capital growth. Remember that even if you do sell you are responsible for the contract until settlement. If you on sell and you buyers falls over at settlement the sale would still be your responsibity
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New…[Read more]
Nigel Kibel replied to the topic M on Mary in Brisbane in the forum No Subject 19 years, 6 months ago
If you are looking for a long term investment and you want capital growth you will not get positive cashflow. You would be better off with a house and land package in Brisbane or a period property which is always good for capital growth
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel replied to the topic Capital Gains Tax – HELP! in the forum No Subject 19 years, 6 months ago
Hi Jove
I agree with Terry
I would also get your accountant to obtain a ruling in writing from the tax department to protect your interests
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
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