Our recent seminar was well attended and it was good to see a number of new investors wanting to start on the investment ladder. For those of you that could not attend we discussed the investment choices from shares, to bonds and of course property. We discussed what to look for in an investment property as this may be very different to what you would look for in purchasing your own home. This included requirements to comply with the Residential Tenancy Act including insulation, meth tests, smoke alarms and heating.
We went through the basic property checks of the property that could become maintenance issues in the first few years of ownership. Then worked out the viability of the property by working out rates of return. This included the amount you could borrow and the equity requirements. Both rates of return and capital gains are important in this market where house values are still increasing.
Then finally, some of the words that new investors may have heard in the media recently and not quite understood like negative gearing, ring fencing and the bright line test. This is all information that investors should be aware of. The tax and accounting implications are important and the government seems to want to continue to make a number of changes. Your accountant will be able to update you on these matters and how this will impact on your circumstances.
If you would like us to send you the slides from our seminar we would be happy to do so, or Greg or I would be pleased to meet you in person to discuss becoming a property investor.
- Full list of blogs
Feilding Real Estate Market Snapshot - April 2020 Palmerston North Real Estate Market Snapshot - April 2020 Palmerston North Median Rental Prices: November 2019 - April 2020 Covid-19 Level 2 Feilding Real Estate Market Snapshot - March 2020 Palmerston North Real Estate Market Snapshot - March 2020 Palmerston North Median Rental Prices: October 2019 - March 2020 Real Estate Market During Lockdown FREQUENTLY ASKED COVID-19 Questions (NZPIF) COvid 19 Level 4 Updates Handy resources for you to help with Covid-19 Covid 19 Level 2 Updates Feilding Real Estate Market Snapshot - February 2020 Palmerston North Real Estate Market Snapshot - February 2020 Palmerston North Median Rental Prices: September 2019 - February 2020 Kens' 37th year in Real Estate Watson Real Estate expands to Whanganui market Will Jeff Bezos (Amazon) solve the NZ housing crisis? Here's the plan! Market is still hot coming into 2020 Feilding Real Estate Market Snapshot - January 2020