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KiwiSavers & First Home Grants

By Ryan Smuts on September 11th, 2018.

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If you’re looking at purchasing your first home, using your KiwiSaver fund is a fantastic way to get a head start toward your deposit. I thought it may be worthwhile just covering some of the rules for individuals who are struggling to keep up with some of the changes as they happen. 

Buying off the Plan

By Ryan Smuts on July 26th, 2018.

Buying off the plan can be an exciting proposal, it has many benefits which can be capitalized on if purchasing correctly and with enough due diligence put into practice, however every rose has its thorns, and it is important to be aware of the risks that can be associated to this method of purchasing property.
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Bridging Finance - What is it?

By Ryan Smuts on July 9th, 2018.

A bridging loan is a loan to assist you in purchasing a new property before you’ve unconditionally sold your existing property. This loan remains in place until the existing/old home is sold, and then you are left with the difference as your new mortgage. This can be either when upsizing, or downsizing.

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New government – New expectations – New rules - Property Finance and Meth Webinar

By Kris Pedersen on June 15th, 2018.

Property Finance Webinar update-267

New government – New expectations – New rules
 
What's happening in property finance, what meth testing levels should I be following, and what are my latest non-bank finance options?
We cover it all in this co-hosted webinar with industry experts Kris Pedersen of Kris Pedersen Mortgages and David Faulkner of RealiQ. 
 
Kris and David will discuss a range of updates in the market, including:
•    What’s likely to happen with LVR’s and DTI’s going forward
•    Why you should use nonbank solutions
•    Insights on the impact of the latest methamphetamine testing report
•    What landlords need to do next in response
 
Q&A to follow.  
 
Don’t miss this timely market update to help you make informed property investment decisions.

Register now: http://bit.ly/2JCjzhF
 
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How to Invest your Money when you are not a High Income Earner

By Ryan Smuts on May 24th, 2018.

I was always taught in relation to saving and investing that it is not the amount that counts, it’s where you put it – it’s allocation. Time is an investor’s best friend, and understanding the power of compounding interest, and other minor tricks can be the difference in turning a little into a lot. The median wage in NZ when annualized ends up being about $49,900, take away student loan payments and Kiwisaver, add rising rents, potential other debt (credit cards, HP’s, etc.), and this can be a heavy load to carry for an individual already, let alone trying to spare cash for savings and investments – which in many cases, the low risk ones such as bank savings rates aren’t even keeping up with inflation! What do you do?

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Bank vs Broker

By Ryan Smuts on March 14th, 2018.

Why use a broker over your bank?

 


This is a question that is often asked, so it seems worth covering a few points from different perspectives which may help shine some light on the differences (or opportunities) presented by working with one or the other.


From a banking perspective:
 

When you’re considering applying for a loan, it makes more sense to approach a broker than it is to approach a bank because of the sheer range of options that are available to you, due to their independence. This is only one of many benefits.

When applying for a loan...

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Bright Line Extension to 5 Years

By Matthew Gilligan on February 26th, 2018.

There are imminent changes to the bright-line test which will affect you if you are planning to buy or restructure investment property. 

You are probably already familiar with the two-year bright-line test that was introduced in October 2015. Under this test, investment property that is sold within two years of settlement is subject to tax on any increase in value. 

The Labour Government has always said they will extend this test to five years. On 15 February it was announced that the new.....

 
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What are you doing with your mortgages in 2018?

By Kris Pedersen on January 31st, 2018.

I’ve noticed most people starting this year with a bit of optimism. However, it’s hard to say how much of that is based around fundamentals, and how much is more attributable to the amazing weather we have been having and a decent summer break.

From our side of the Finance Desk, it has actually been a busy start to the year with quite a few purchasers signing up new properties over the break, and general rhetoric has suggested that well-presented properties have been moving relatively quickly. Most banks have also been in contact saying that they are.....

 

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Do I need a deposit to buy an investment property?

By Ryan Smuts on January 29th, 2018.

For example, let’s say you owned a home which is now worth $1m. You have debt against this property with bank A, of $400k. You have been looking at the market, and would like to buy an investment for $500k. Based on current LVR rules for investments (35% deposit and 65% loan) you would need to come up with $175k as a deposit for this purchase. As we are aware you can top-up to 80% on your home, it means.....
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An early Xmas present from the Reserve Bank...

By Kris Pedersen on November 29th, 2017.

It’s not the relaxing to 70% that some investors had been expecting however the increase from 60% to a 65% threshold will in some cases be the difference in getting another property transaction across the line. That is the big news for investors in the Financial Stability Report which was released earlier this morning.

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Ripple effects - proposed housing policy

By Ryan Smuts on November 28th, 2017.

The new government, their proposed changes to policies, and their effect on landlords/investors, what does it all mean?

The election has blown over, our political environment has been set for at least the next 3 years, and the term under Labour seems like it will be influential for property owners/investors with the fact it was such a hot topic in the campaign.

To re-cap on our previous newsletter, I am primarily focusing on the property/rental market, the economy and how this will impact us as investors.

From this perspective, the Labour party plans on the following changes, which I’ve grouped together based on.....
 

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2017 Economic & Property Update - Post Election Video

By Matthew Gilligan on November 27th, 2017.


Watch Matthew Gilligan and Tony Alexander as they give their post-election analysis. They discuss what is likely to happen in the economy and property market over the next 12 months, factors influencing the market, and how you can invest and profit in the current and unfolding conditions.

 
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How do I get started in property investment?

By Ryan Smuts on November 16th, 2017.

How do I get started in property investment?
 

  • Learn the basic principles you need to know about property investment
  • Understand how to turn your first investment property into a portfolio


Property ownership is and always will be a kiwi dream, if not, THE kiwi dream. In the current market, especially among major town centers – with Auckland in particular – affordability is more and more problematic, with property investment seeming even further out of reach – but in reality, is it?
 

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How will the Election impact the property investment market?

By Kris Pedersen on September 21st, 2017.

Election time is less than a couple of days away and a lot has changed in the last 6 weeks with it being interesting to see if the ‘personality politics’ that worked so well for National under John Key also work with Jacinda Ardern taking the reigns over a Labour party that until that stage had managed to continue to trip over itself over the best part of the last decade. Under MMP....


 
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Labour proposal to ringfence losses

By Matthew Gilligan on September 19th, 2017.

Labour has targeted investors in its housing policy released. Ringfencing tax losses, five-year bright line rules and a tax committee (to mask their desire to bring in capital gains tax) are all on their agenda......

 
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