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Thanks Clint for your feedback.
Perhaps I didn't express myself clearly – I am a one who believes in investing outside of my own location and in fact, am residing in NZ as we speak. My point was more so of investing my next investment property in NZ or Australia and the pros and cons between the two.
I also would never manage a property with tenants myself; on majority of the cases, it can it interfere too much with privacy on both parties as well as matters/complications, which are better handled through a third party such as a property manager.Bets regards.
Hi Clint,
Just read your post – very inspiring and wonderful to hear as I myself have always considered that there is much more to life – the hardest bit isn't "waht" it is but knowing "how" to make it work!
I myself have been researching the NZ market noting the great affordability of housing with no stamp duty (and capital gains if selling) but being an Aussie with a portfolio at home, I have heard that it is more difficult (as an overseas investor) to manage an investment property in NZ due to NZ's poor landlord's acts and rights – apparently a lot of nightmare experiences out there which I've personally heard! Also have found out that we as Aussie's have to pay capital gains for property in NZ under our Australian tax/return.
Would like to know your thoughts and best wishes
QMThanks guys for the feedback…any opinions about the new marina as well as the upcoming area "Mariners Cove" with new golf course, schools and shops? I would only be interested in buying new property (land and package). HK
