If you want to live in a place where you think it would give you peace but that's not away from work. Look for an target area first where you want to have House and land. Where you think you can stay comfortably.
1. Do some research – research on the surrounding areas and how much property in the are recently sold. 2. Prepare yourself financially 3. Make a structure survey 4. Be patient 5. Location is just as important as property
– Take a long-term view and realise that investing in property is usually a long-term strategy – Positive vs. negative gearing – Consider using the equity in any other property you own. – Think about buying with friends, family or work colleagues. – Choose a loan tailored to your current needs. – Use a buyers agent/property finder – Visit a financial adviser and/or accountant
"Property Planet is Melbourne's leading integrated property and finance service. We specialize in providing First Home Owners and Property Investors with quality and affordable house and land packages in growth areas in Melbourne, Australia."
i have no experience with property planet but as i overview their site , i cant find some problems with it ..looks like it is a good one ..
hello everyone ! as i overview this thread , i find it interesting ( the title itself caught my attention ..) because of this , i want to share a link that can help you decide whether to buy or construct a house .. pro's and con's in buying or constructing a house can be read here …
– Take a long-term view – Positive vs. negative gearing – Consider using the equity in any other property you own. – Choose a loan tailored to your current needs. – Use a buyers agent/property finder – Visit a financial adviser and/or accountant
i think the area is quite big enough.. well, i prefer two storey house..in that case you can place another bedroom upstairs .. it can also minimize the space ..
i agree to ryan that lending is really tight in this moment … i just don''t know the reason behind it…maybe because of the calamities and crimes ? hmmm….what you think guys?
hmmm, my advice is that for now , you'll hang onto it and rent it out or just keep living in it and find money from elsewhere to start … i think you can have other solutions unto your problem rather than selling your house. . why don't you put up some business .. ?
if that's want you really want , then go for it..! there's nothing wrong with your decision for new zealand is a nice place to live in..
i have some info here..hope it can help you
New Zealand's Tax Regime for Property Investment.
New Zealand has no sales tax on property or mortgage transactions. The only direct property taxes are property rates which are levied by local Councils to provide Council services such as roads, water, rubbish collection and community services such as libraries. Rates are based on the value of the property and would vary between NZ$1500 and NZ$3000 per annum for a typical median value house.
New Zealand allows unlimited deductiblity of property losses against other New Zealand income, obviously including rental income. This includes depreciation of buildings and fittings. If there is no other New Zealand income to off-set the loss then losses are carried forward.
Other deductions typically made by New Zealand property investors are:
mortgage interest, not capital repayments
insurance of the property
property management fees repairs and maintenance; but not improvements, these have to be capitalised and depreciated.
accountancy fees
valuation fees
bank fees
property rates
lawyer fees associated with financing, not purchase of the property
relevant magazines, books at fees for Property Investment courses
reasonable travel and expenses for managing property portfolio – your next New Zealand holiday could become a tax deduction!
if that's want you really want , then go for it..! there's nothing wrong with your decision for new zealand is a nice place to live in..
i have some info here..hope it can help you
New Zealand's Tax Regime for Property Investment.
New Zealand has no sales tax on property or mortgage transactions. The only direct property taxes are property rates which are levied by local Councils to provide Council services such as roads, water, rubbish collection and community services such as libraries. Rates are based on the value of the property and would vary between NZ$1500 and NZ$3000 per annum for a typical median value house.
New Zealand allows unlimited deductiblity of property losses against other New Zealand income, obviously including rental income. This includes depreciation of buildings and fittings. If there is no other New Zealand income to off-set the loss then losses are carried forward.
Other deductions typically made by New Zealand property investors are:
mortgage interest, not capital repayments
insurance of the property
property management fees repairs and maintenance; but not improvements, these have to be capitalised and depreciated.
accountancy fees
valuation fees
bank fees
property rates
lawyer fees associated with financing, not purchase of the property
relevant magazines, books at fees for Property Investment courses
reasonable travel and expenses for managing property portfolio – your next New Zealand holiday could become a tax deduction!