Taxation has always been a complex area to navigate. However, when it comes to investing in properties overseas, a thorough understanding of your local tax obligations is important to help you structure your investments to allow you to utilise your losses and minimise tax obligations. What is tax residency? For taxation purposes, there will typically…
Read MoreTaxation has always been a complex area to navigate. However, when it comes to investing in properties overseas, a thorough understanding of your local tax obligations is important to help you structure your investments to allow you to utilise your losses and minimise tax obligations. What is tax residency? For taxation purposes, there will typically…
Read MoreLiving overseas and working in a high profile corporate job, our client is time poor when it comes to searching for good investment property opportunities in New Zealand. So they decided to enlist the help of a buyers’ agent. We started working with this client in 2012. The first thing we did was identify their…
Read MoreAfter already building a successful portfolio of investment properties in Auckland we suggested our client to diversify their portfolio. Queenstown is another city with good capital growth potential, and it was here that we started looking for opportunities. We came across a land and build package that ticked all the boxes – 4 bedrooms, 2…
Read MoreAuckland rent prices are soaring and competition for securing a home is tough. Director Alan Henderson says rent prices are climbing year by year, and was asked to comment on this topic recently for TVNZ One News. “Rents are steadily increasing and we’re seeing rents climb by 10 percent per annum.” The average price for a three…
Read MoreParents concerned about rising house prices are increasingly buying properties for their children – some while they are still at primary school. Children as young as 4 are having houses bought for them by parents who then rent out the property until the child can legally own it at 18. Erskine + Owen Director Alan…
Read MoreOnly two months since the reserve bank brought in new LVR lending legislation, they have amended their stance. New home builds will now be exempt from the lending restriction, which according to the Registered Master Builders Federation, will ensure the development of up to 5000 homes in the next year. This figure is only an…
Read MoreIn September 2011 we purchased a property for a client in West Auckland for $435,000. In October 2013 our client had the property re-valued by an independent registered valuer for $660K, based on other sales in the area. That’s a $225K capital gain in 2 years – 24.8% capital growth per annum, compared with the…
Read MoreLast month our lead commercial property buyer secured the following property for our client: Purchase price $2.010m Rent $159K per annum Yield 7.92% Lease: 6 year lease beginning in October 2013 with 2, 3 year right of renewals Strong tenant – well established company Property type – two level office space with no earthquake issues…
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