It is really exciting when you first come to investing and I know what you mean about sleep.
My husband called out something in his sleep last night, it was very clear and had the word INVESTING in the sentence. []
“The book” is the absolute best place to start.
Then go to other books….do a search( makes me sound like an oldie when I…[Read more]
I’d just come straight from reading a couple of days of posts, and my reply just slipped out.
I think one was called “What are your goals” by our Pinky.I won’t mention the others.
Any way no offence meant. []
“OK boys. Put that monoply game down NOW and get down the oval like you were told” []
Hi Peter Mac,
Just to tell you our scenario.
First time dealt with a broker and the ANZ paid for the valuation, the broker gave us a “verbal” of the figure.
Second.. just recent through the bank( which bank) they paid for a valuation, which was very thorough. A few days later I asked the bank for the figure, and was told that that information is…[Read more]
Hi Fullout,
We just bought in Qld. on a Friday, and had a 5 day cooling off period. Day one was Monday and day 5 was 5pm on the following Friday. RE told us this and I also checked this with our solicitor.
Remember cooling off doesn’t mean you can just change your mind. If you do you will still have to pay 0.25% of the purchase price.
Hi Scremin,
I often read your late night posts and feel like I know you!!!!! They make me smile.[]
My 2 cents worth
Sounds like you’d rather be home to me.
A few weeks for cremin to stay is not so long and you can spend the day house hunting and go to bed with investment ideas that are sure to keep your head busy, while your body clock ajusts to…[Read more]
Hi Loress,
I was justlooking at this last night.This answer is from my reading. I am no expert.
I read ” If you own a property interstate, in which case you need to fly to the location, you may be able to claim some of the airfare costs” if that property is income producing.
Like all deductions you claim, you would have to work what percentage…[Read more]
Glad you’ve also “found” One Minute millionaire”
Yes, it certainly enlightened me.What an uplifting read. I’ve passed it on to my children and friends.
Yep, the motivation to be millionaires is after all… people… to enrich and enlighten the lives of the people we love and those less fortunate.
Titheing is sharing.
As a newcomber to this forum…[Read more]
So Muppet
“No CGT on residential property sales in NZ”
RodC.. and if you receive dividends through a company etc you will pay tax on your Aussie return,as income from a foriegn source.
Quote: “Probably best to invest via a NZ legal entity (?) so that any gains in sales can potentially be reinvested in more properties without…[Read more]
Hi CygnusIce,
I can only give you an opinion on your Q1.
What you would have to look at is: Where are you buying the land??
Because where I live( S.E. Qld) land is astonomical. Building costs are going up every day and getting tradesman esp. brickies and carpenters so hard you may have to wait for these trades up to 6 mths. Blow out your…[Read more]
Hi Celivia,
Now this IS a topic I feel very strongly about.
Where do I stand ?
Well I’m with Rod on this one. I like a real price and not just when I am buying. Imagine you are the vendor. You know your area, what’s sold lately and for how much; and in your head you Know what price you would be happy with.
Thank you all for replies.
No stamp duty, no CGT for NZanders, bigger mountains and longer snow season!!!
Gotta visit.
brianhc do you know if the CGT 50% rule applies in NZ if the property is held for min. 12 mths?
Thanks all
Rita []