New Zealand

Viewing 8 posts - 1 through 8 (of 8 total)

Elviss
Member
@elviss
Join Date: 2004
Post Count: 6
April 12, 2004 - 12:15 pm
I’ver hear that New Zealand offers some good investment opportunities. Apparently the properties are priced cheaply. The rentail return is good (usually possitively geared properties), there is no Stamp Duty. Also, if you buy there, then your Aussie Grant (if you haven’t bought your first property) is unaffected.
Anyone know of any problems which may be related to purchasing in New Zealand?
Thanks in Advance.
Elvis Sinosic
http://www.ElvisSinosic.com
http://www.SinosicPerosh.com.au
elves
Member
@elves
Join Date: 2003
Post Count: 507
April 12, 2004 - 12:21 pm
suggestion: there are tons of threads realting to NZ properties on here. Try the search engine
goodluck
” a blind man may see what a sighted man may not”
Elviss
Member
@elviss
Join Date: 2004
Post Count: 6
April 12, 2004 - 12:31 pm
Thanks. I’m still working this site out. I figured it wouldn’t hurt to ask. I’ll see what I can find.
Elvis Sinosic
http://www.ElvisSinosic.com
http://www.SinosicPerosh.com.au
a_workaholic
Participant
@a_workaholic
Join Date: 2004
Post Count: 15
April 13, 2004 - 8:43 am
like every where New Zealand has it’s pro’s and con’s if you want info on New Zealand property my mother in law has a site http://www.bevstewart.co.nz it’s linked to her e-mail so if you want any questions answered from this end it may be worth a shot.
CastleDreamer
Participant
@castledreamer
Join Date: 2003
Post Count: 288
April 13, 2004 - 8:48 am
like elves said, you can use the search engine here, also could go to propertytalk.co.nz – great site for NZ investors.
Cheers
CD
CastleDreamer
sandyvg
Member
@sandyvg
Join Date: 2004
Post Count: 18
April 13, 2004 - 11:16 am
Hi Elvis..I have heard Auckland is experiencing some good rental returns on property recently and increasing.
re tax info..would pay to check out with both countries tax laws as they are changing a reciprocal agreement I think. To do with being able to claim a tax loss from a property in NZ if you are living and paying tax in Oz. (Claim on Oz if lose, but also pay if gain.)
Good luck
Sandy
SandyVG
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
April 13, 2004 - 9:26 pm
Elvis..[karate]
Get in Contact with Westan from this site, he’s currently in NZ and acting as a ‘spotter’ for people, he’s a wealth of info..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
geo
Member
@geo
Join Date: 2003
Post Count: 1,194
April 13, 2004 - 10:23 pm
I agree – Westan is the man to talk to. Try also talkin to Muppet – very nice guy from the 5 min convo that we had the other day.
Kind Regards,
George
“If You never never ask, you’ll never never know”