I have a love-hate relationship with my indoor rowing machine. I love it because I can stare at the monitor and precisely track my pace stroke by stroke and watch the metres tick down. And then at the end, the utter feeling of exhaustion – almost falling off the seat, but knowing I’ve just got…
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The process of buying a property in New Zealand is not complicated, but it is involved. Once you have found a property you wish to purchase, there are several steps in the process to secure it. It’s important to know what happens and when – so you can be confident and get it right. Plan…
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Recent articles on the property market have begun to turn their attention to Hawke’s Bay as a region of growing potential – and has even referred to it as ‘the new Tauranga’. It’s backed up by the stats: Hawke’s Bay is experiencing higher-than-anticipated population growth. “The region is experiencing some of the strongest house…
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We know what it is like trying to get things done here in New Zealand while sitting on the other side of the world. The internet is particularly good for property acquisitions – it’s graphic, you can see what you are buying, you can find plenty of information, and email is great for communication. However…
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Three weeks ago, people were hesitating to make property investment decisions pending the government’s announcement on a Capital Gains Tax. I think most of us were expecting a CGT, at least on residential property – but there was nothing. Political genius, opportunism, planned? Call it what you want – Capital Gains Tax is essentially off…
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One of the most common property portfolio flaws we see is chasing yield at the cost of capital growth. As long term investors we believe the goal should be to maximize capital growth, because capital growth is what carries us to our wealth goals. Yield is absolutely critical to the survival of the portfolio, but…
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Apparently, the average interest rate, going back to Egyptian days, is below 5%, and that all the massive spikes in interest rates since 1900 have been due to massive population growth spikes. World population growth rates are slowing and are not expected to spike again, so if you believe that, you can safely forecast interest…
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For years people have asked me, as a financial advisor and co-director of Erskine + Owen, if I thought a capital gains tax would come in at any point. I’ve always said it’s possible, but it would have zero to minimal impact on house prices, certainly in the medium to long term. And here we…
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I like to think I am immune to those Woman’s Weekly articles about Meghan and Harry. The truth is I secretly have a quick read. Does Meghan really love Harry or is she just in it for the power. And even if she is just a very good actor, does that mean the marriage will…
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What Does The 2019 Budget Mean For Property Investment?
From a property perspective what was relevant in this years budget was the noticeable absence of anything specific for property. Certainly, Kiwibuild was not mentioned at all. Perhaps they think the job has been done to some extent: • The % of houses being sold to first home buyers is increasing – have first home…
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