The 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,…
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Looking 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…
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There are now only a few shares left available in our Ladies Mile syndication opportunity. As a reminder, It’s a 5-bedroom boutique lodge with a 4 bedroom managers house on approximately 4.7 hectares of land. We are forecasting a pre-tax yield of 3% but the real opportunity here is the potential value uplift. 497 Frankton Ladies Mile…
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Have 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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Our latest syndication is a 5 unit workshop/storage complex in the rapidly growing area of Frankton in Hamilton. Why This Property There is a projected yield of 7.0% for investors. It is Currently leased to six separate tenants on mixed lease terms. The units provide for potential rental growth and are always in demand. It is a…
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Last month a good friend finally bought an investment property. I’d been at him for years to get a passive income sorted so that when he finally hangs up his boots he could still earn an income. Phew, he’s finally on his way to building the equity he’ll need that will generate him an income without having to work.…
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Purchased for $1.34m our clients were pleased when a similar neighbouring property sold in the same month for over $80,000 more than what we purchased this home for. This Queenstown property bought for our client has several classic features that will lead to good capital growth over the medium to the long term including :…
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With a high-performing tourism sector and solid year-on-year growth, Central Otago may well be the golden egg for astute investors. Most of us are familiar with the gold rush history of Central Otago. Heroic stories of boom and bust and wayward fortune hunters are part of the region’s charm. These days, Otago has out-grown its…
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You may have recently read our updates about the property syndication opportunities we have been offering. While syndication is an attractive proposition, particularly for investors who are not able to or may not wish to invest in property alone, there are some considerations on who can participate. The main consideration for syndication subscribers is that…
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Make sure you know the difference before engaging any property buying assistance The New Zealand real estate landscape has changed considerably over the last five years. In 2008 a new real estate act was introduced, which in turn established a new governing body, the Real Estate Agents Authority. Buyers’ agents like Erskine + Owen have…
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