Apparently, the average interest rate, going back to Egyptian days, is below 5%, and that all the massive spikes in interest rates since 1900 have been due to massive population growth spikes. World population growth rates are slowing and are not expected to spike again, so if you believe that, you can safely forecast interest…
Read MoreFor years people have asked me, as a financial advisor and co-director of Erskine + Owen, if I thought a capital gains tax would come in at any point. I’ve always said it’s possible, but it would have zero to minimal impact on house prices, certainly in the medium to long term. And here we…
Read MoreThe Residential Tenancies (Prohibiting Letting Fees) Amendment Act has now been passed, As of 12 December 2018, tenants cannot be charged letting fees. Letting fees are normally the equivalent of one week’s rent (excl. GST) and paid at the beginning of a tenancy as an upfront cost to the property manager. As you can imagine,…
Read MoreLooking to the future we all know we need to build equity to generate income without us having to work, so why is it that it gets so little attention? Last month a good friend finally bought an investment property. I’d been at him for years and he is now finally on his way to building the equity he’ll need…
Read MoreHave changes to property management rules got you thinking of selling? Perhaps before you make the decision to pull the plug it is worth talking to one our advisors at Erskine + Owen first. If after that you still want to sell, then we can help find you the right sales agent. Get in touch…
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