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  • Profile photo of woodendwoodend
    Member
    @woodend
    Join Date: 2004
    Post Count: 4
    November 9, 2004 - 12:32 am

    Thanks to all for the advice. Minimogul, I did not see a ‘due diligence’ clause in my contract/s. I have made purchase conditional on LIM and finance, however there was nothing specifically referring to ‘due diligence’ in the contract.

    Profile photo of woodendwoodend
    Member
    @woodend
    Join Date: 2004
    Post Count: 4
    November 8, 2004 - 9:57 am

    Thanks Robsta, my problem being my loan (soon to be for 2 investment properties in NZ) is financed from Australia, and has to be paid monthly of course. I realise I probably can’t avoid the exchange rate losses, however would like to know how I can reduce money transfer fees, or any other tips in this regard.

    Profile photo of woodendwoodend
    Member
    @woodend
    Join Date: 2004
    Post Count: 4
    November 8, 2004 - 5:43 am

    Hi, I’d appreciate some help also. I have just bought in NZ.
    1) Am I better to use an existing Oz a/c for rents or open an NZ bank a/c in respect of fees etc?
    2)How do you pay tax on NZ income?
    3)Is there a cooling off period on contracts of sale?

    Profile photo of woodendwoodend
    Member
    @woodend
    Join Date: 2004
    Post Count: 4
    November 8, 2004 - 12:11 am

    Hi, I’d appreciate some help also. I have just bought in NZ.
    1) Am I better to use an existing Oz a/c for rents or open an NZ bank a/c in respect of fees etc?
    2)How do you pay tax on NZ income?
    3)Is there a cooling off period on contracts of sale?

Viewing 4 posts - 1 through 4 (of 4 total)