Hi

I agree KIS. One of our properties has a bare garden bed. I has had so since it was purchased a number of years ago. It has primarily like this because each group of tennants have not wished to garden and this garden is under the eaves where no water gets and very few weeds appear. We have decided that if we have tenants who wish to care…[Read more]

David

People always think the grass is always greener on the other side but in my opinion both nz and oz have their benefits when it comes to investing in Property.

I guess when investing it all comes down to your financial goals. To me investing both in oz and nz will help us fulfil our financial goals.

Tamara[]

HI

Just another thought. You might want to think about the temperatures in the winter. Frosts..etc.

Tamara

Hi

Tauranga is known for its sunshine hours along with Nelson. Temperature wise I would defintely be sticking to the north of the North Island.

Tamara

Leigh

Try this web site to help you answer your question.

http://www.company-solutions.co.nz

NZ definately operates a trust structure but I am unsure as to how it specially operates.

Tamara

Slum Lord

I made some enqires last year and got feed back through ASB and mortgage brokers that said 20% down. Admittedly I have not followed through as of yet but I think that the right broker in New Zealand will be able to help you there.

Tamara

Hi

Further to Susies point about GST in NZ. You would only have to pay GST if you are registered. I think you need to get advise but from what I understand it is only worth registering for GST if you own a significant amount of real estate in NZ.

this site will help with this question (NZ version of ATO)
http://www.ird.govt.nz

However your…[Read more]

Essykay

My husband and I are in the same position. We have decided that it would be better for us to stay offshore and have looked into Buyers Agents and RE agents. We have made contact with a couple RE Agents who were very helpful last time we were in OZ and Buyers Agents also. I have also been networking with other people in we know who…[Read more]

Andrew

have you factored in the body corp fees and managements fees?

Tamara

Hi Adam

It is not something that I can answer directly except to say that New Zealand does not have FIRB. The laws as far as foriegn investment are a little more lax in New Zealand. I suggest you contact this web site and ask.

http://www.reinz.org.nz/

If they cant answer then I am sure they will be able to connect you with the correct…[Read more]

Leigh

NZ and oz have a reciprocal tax agreement. you will need to get some advise but the gist of it is you get taxed in nz and then declare you earnings and tax in oz and they tax accordingly. eg. the top income tax bracket in nz is 38%, in oz 48%, when you make your oz tax declaration then you will be taxed the extra 10% assuming you are in…[Read more]

The link to the sight i got my information from is

http://www.firb.gov.au/

In this site you should be able to find the information regarding foreign companies if not they the Foreign Investment Review Board should be able to answer your question.

Tamara

HI InfoSquid

I to have looked into purchasing while being a non resident of Australia. As far as my research informs me the following people can purchase real estate in Australia…..Australian residents, New Zealand citerzens, Australian citerzens who are non citerzens and people resident with Australian residency. Other people wishing to…[Read more]

I frequently read this forum and others. As yet feel that there is so much that I dont know that I am not in a position to comment. But this topic is raised frequently and I feel that people who read RK books read them with the view to finding a quick and simple answer to financial freedom. I personally, as many above have, believe that without…[Read more]

Thanks Ben

I had a look at the site and has some interesting info even for expat investors.

What do people think of buyers agents? I have a couple of interviews lined up when we take a break in Brisbane early March. We are planing do do some property research as well as take a break from life on the equator.

EP I am sure that the Sultan…[Read more]

Hi

To answer a couple of the questions.

We are flexible about where we will invest. But initially we have decided in Brisbane. This is only because my husband is a pilot and this is one of the two Australian destinations his airline flies into. As I said this is only a starting point.

We have decided that we want to do cashflow positive…[Read more]