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Property Owners 'Landed Gentry'?

By Matthew Gilligan on August 14th, 2021.

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I was recently reading an article about Susan St John and Terry Baucher’s latest call for a harder taxation regime for all residential property in New Zealand. (Yes, harder than the myriad of changes we have already had.) 

These chardonnay liberals are promoting the annual taxation of equity in residential property (private homes and investment property) with an implied rate of return (called a ‘Fair Economic Return’). They are bitterly disappointed that NZ did not consider bringing in an accruals-based capital gains tax, and spend much of their time maligning property as an asset class to the government and left-leaning press. Despite the biggest changes to NZ property taxes in a hundred years, this pair of....

 

No Income? No Problem!

By Ryan Smuts on August 8th, 2021.

Our client has a home worth $1.5m in Auckland, and only $20k of debt with a main bank. They are a classic case of having high equity and low income.

 

They wanted to look at purchasing a trade property (buy, do-up, sell) and didn’t want to let the fact they weren’t working hold them back. They also didn’t want to get a job just to please the bank.

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Do you miss large Revolving Credit Facilities?

By Ryan Smuts on August 4th, 2021.

One of the frustrating changes as an investor over the last few years has been how hard it is to access revolving credit facilities if you don’t have a specific property purchase in mind. Banks have practically made giving away your first born as part of the criteria and with great deals not sitting around for long having access to the ability to move quick is a great asset to have.
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