New Zealand Rental Property Investing
Demand for investment property in New Zealand has never been greater and the signs are that with current immigration levels and many ex-pat kiwis returning home or purchasing from abroad, the demand will continue. With current annual yield of between 7-11% and capital gain as high as 13% for residential property many kiwis are switching from managed funds to property as their primary retirement vehicle.
Monday, November 17th 2003, 6:53AM
by The Landlord
A key point to remember is to use your home as equity to purchase rental property, rather than paying off your mortgage, then "trading up" to something better and renting out current your home. This allows you to claim maximum tax deductions on your rental property. This of course means you will have greater debt, but it is that debt that allows "gearing" - talk to your accountant, lawyer or financial advisor - if you don't have an accountant we can recommend someone to you.
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