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If you are a New Zealand citizen and you purchase a property in Australia it is my understanding that the Nz Government allows you to use there depreciation scheme, it does not work the other way around
Nigel Kibel
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They use about 50%of the purcahse price it is still supposed to represent deporeciation on the building. However alas the New Zealand government have just reduced the 4% to 3%
Nigel Kibel
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I doi not know whether this will help you but I came across some builders in Melbourne recently how are offering a lease to purchase deal. You need to buy the land the builder pays your interest bill until the house is finished. A person agrees to buy the property at an agreed price in three years time and pay you a 9% return till then. This may help you with cashflow. It also means that you will not have a property to get rid of. Hopefully in three years the market and or rent for your property would have improve. New Zealand would be another option but you would need a 20% deposit.
Let me know if you want more details and I will put you in touch
Nigel Kibel
http://www.propertyknowhow.com.au
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If you are after a great town planner the best would be f r Perry and Associates, they have a great deal of experience in both residential and commercial developments. From small unit sites to the Melbourne showground redevelopment. They also have a mortgage broking arm which may also be of use. There contact number is 03 9662 1999 and ask for Alistair Perry
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
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Andrew
The best way to invest in the New Zealand property market is to establish the structures in New Zealand. I believe that one of the greatest benifits in New Zealand is that you can have a seperate income stream to Australia. Therefor you need to look at the structure and then what you are going to buy. The structure we use allows around 4 properties so you need positive cashflow because you do not have an income there.
If you want to negative a property stick to Australia. It is good to have both
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
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There is no great benefit in buying New Zealand property in an Australian structure. If you wish to invest there you should establis a structure in New Zealand, and borrow the money there.
We have spent a great deal of time and money looking at the best structures for Australians to purchase in New Zealand.
To answer your qustion if you buy in an Australian structure your not in the New Zealand tax structure your in ours. You will get some costs but not all. My I decided to buy property for my clients and I in New Zealand the structure was by far the most important point
Nigel Kibel
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Australian and New Zealand Buyers advocate
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HI Robert
The depreciation begins every time the property is sold. So if you purchase a 100 year old home you can still depreciate it at 4%, based on the replacement construction cost.
Nigel Kibel
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If you purchase a property in you own name in New Zealand and you sell the property you must pay capital gains tax. There is a tax agreemernt between our two countries. The only way to protect yourself is to establish the correct structure when purchasing. We have done a lot of research in this area. It is important to seek the correct advise before proceeding
Nigel Kibel
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In my view if you are going to invest in commercial property then you should only buy blue chip. The price of a blue chip investment is normally a lot higher than a residential property. So for many people a blue chip commercial invest may be to expensive.
Nigel Kibel
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It is my understanding that Victoria is the only state where the stamp duty is only charged on the land cost, anywhere else in Australia you pay the full stamp duty on the contract price. In New Zealand of course they dont pay stamp duty at all
Nigel Kibel
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banks lend on risk. They consider that commercial property is a greater risk than residential. They will also look at the location. Personally I would only look at commercial as either part of a syndicate or if I could afford a blue chip investment. You will find that the entry point for a blue chip commercial product is far higher than residential
Nigel Kibel
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From what I am seeing many of the properties being constructed in Darwin are serviced apartments. This could easily leed to an oversupply. Perhaps check out the prices of houses, this may be a better long term investment
Nigel Kibel
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I must admit that I have read Tony and Sigrids book on a guide to New Zealand property investing and as someone who buys regularly in New Zealand This book is a must read for anyone considering investing in New Zealand and also for those who have already invested. They have taken the time to research the market a great resource.
Nigel Kibel
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I also buy properties in Christchurch for clients and in other parts of New Zealand and Australia. I have a business that looks at the process from the finance to experts who deal in the best structure for Australians wishing to invest in New Zealand. What may have been a good investment a few years ago may not be now. I have my suburbs that also work for long term growth and other for cashflow. The point I was making that Trish seems to ignore is that if you are going to buy on your own then you need to do your own research. Trish may already know that market and therefore like me know what to buy. I was told by agents of Australians who had paid a lot of money for property close to the water
Nigel Kibel
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Australian and New Zealand Buyers advocate
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I did not mean to pick on just North Brighton, it was just an example. The suburb has gone up in Price as have some of the surrounding suburbs. I believe that there are areas that may be better to invest in today. The point of my comments are that you need to research a market before you buy. You may have a different view to me thats fine. I find that most people do little or no reseach at all
Nigel Kibel
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Australian and New Zealand Buyers advocate
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Before you decide which state you need to review your plan. What is your aim. If you are looking to invest for a number of years then you need to look at suburbs with capital growth. If you are after cashflow and growth look to New Zealand
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
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The problem that I have with the budget, it does little to encourage savings. The Treasurer is concerned that by 2020 there will not be enough money to pay for the health system. This is the tip of the iceberg, how will we fund retirement.
I would like to see more innovative ideas such as abolishing capital gains tax after 15 years to encourage long term savings. If we want to get mothers back into the workforce why not offer tax brakes to companies offering child care places
We must encourage savings, by simply handing out large tax cuts this will not encourage savings
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
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If ypou wish to buy in one horse country towns maybe, however this is a dangerous stratagy. It is all about timing. Personally I look for property that can achieve some capital growth. When steve purchased a lot of his properties thae market was at a different point. To be a good investor is about being able to ajust your stratagies to suit the market. If you want positive cashflow properties with growth New Zealand is still the place to buy. You can purchase in a city and still recieve returns of 7-12% depending on the property. Because there is no stamp duty in New Zealand or capital gains tax you can establish a structure that will help you buy a number of properties and recieve cashflow and growth. This proves that you can have the best of both worlds
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
service and seminarsNigel Kibel | Property Know How
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If you are after a good property accountant that is not expensive try Ruth Watson she is in carnegie and can be contacted on 03 9572 0144
She invests herself andloves property
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
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Hi Kristine
You need to deal with a New Zealand accountant, most here will not know. Have you purchased in New Zealand. I can assist to help you finfd an expert in nz. It is important that you have established the structures in New Zealand and not in Australia
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
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