Investing in Property
| # | Post |
|---|---|
| 1 | I am looking to capitalize on rental increases in the next few years and buy a dozen new builds. I plan to keep them 5 years and claim interest as an expense. I see this as an opportunity to get rentals with little maintenance required. I am not seeing competition from existing investors there trying to cover tax without interest as an expense. I don't see competition from first home buyers there cap for grants didn't increase enough to get them anything but the very cheapest still. Am I missing anything with the new rule changes. ash4561 - 2021-03-27 23:10:00 |
| 2 | Has Robertson been definitive about the rules for new builds or is it just another lie? You pays your money, and you takes your chances. pcle - 2021-03-28 08:25:00 |
| 3 | They haven’t confirmed the details re the new builds yet, but if they proceed as indicated then there will be a lot of investors purchasing new builds I’d imagine. I guess first home owners will need to return to tradition and get themselves a crusty old do-up to start with instead. In my area theyve been buying new because housing is so cheap, but investors will put paid to that fairly quickly. I think there are just too many ways for this to backfire on the government. The housing crisis is only caused in part by greedy investors. The solution is to increase housing stock, reduce house prices (which labour have admitted they have no intention of doing), or reduce migrant numbers. Given how busy our quarantine hotels are it doesn’t look as though that is happening either. Edited by rmdstar at 8:46 am, Sun 28 Mar rmdstar - 2021-03-28 08:35:00 |
| 4 | ash4561, you are on the right track with your thinking, eventually investors will do the same, at the moment with land shortages the older houses have been a great investment because land squeeze is one of the main factors as well as people number that have been driving the house prices, so this new legislation will slow down the older more established type quick investing and capital gain, the newer houses will not get that quick capital gain, rather slower with the tax deductibility helping to off set the cost. Go forth. msigg - 2021-03-28 10:39:00 |
| 5 | ash4561 wrote:
since you asked.. what your missing is the realization of the negitve impact your first sentence is having on the entire economy of NZ, thornton1961 - 2021-03-28 11:05:00 |
| 6 | thornton1961 wrote: Its a dog eat dog world out there, thornton.... sparkychap - 2021-03-28 11:17:00 |
| 7 | thornton1961 wrote: apollo11 - 2021-03-28 11:19:00 |
| 8 | apollo11 wrote: if you've got money get in and build and flick, instead of grab and hold. gabbysnana - 2021-03-28 13:13:00 |
| 9 | gabbysnana wrote: Edited by ash4561 at 5:37 pm, Sun 28 Mar ash4561 - 2021-03-28 17:33:00 |
| 10 | Best written in crayon. She might give you a too definitive answer though. pcle - 2021-03-28 17:41:00 |
| 11 | pcle wrote:
At least you will get an answer, write it with your “other hand “ so you don’t look like an adult trying to write like a child... lovelurking - 2021-03-28 17:50:00 |
