Erskine Owen recently welcomed Roger Wilson to the business as Chief Operating Officer. Erskine Owen Director Alan Henderson describes Roger as a great addition to the business, with Roger having come from two of the big four accounting firms, KPMG and PriceWaterhouseCoopers. In this interview, Roger details his experience as well as his personal hobbies…
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1. Our own property investment journey started in residential property Naturally, residential property was our focus when we started the business, buying residential property. Residential property is not really a yield play – it’s about long-term equity growth. And therefore, we were laser focussed on achieving maximum capital growth. Our recommendations to clients of where…
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45 Barrington Drive, Hamilton was secured through an auction process in May for $1,027,000 with vacant possession. The owner was downsizing to a retirement unit. This house is a 2006 built low maintenance construction with 2 living areas in open plan configuration and connected outdoor flow, 3 bedrooms, 2 bathrooms and double internal access garaging.…
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No I don’t have a fail proof vaccine. What I have assembled are a few ideas on ways to deal with this lockdown and the impacts it may have. Hope it helps in some way. 1. Think exponential – not linear. Times like these interrupt our linear approach to work and life. No point thinking linear…
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How We Secured This Property: We first heard of this property in Hastings through an agent in our network around September last year. We expressed interest but as it was a re-build we waited for progress to be substantially under way and a lease document to be finalized with the proposed tenant. This was done…
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The NZ Government has decided they would rather pass a housing package through the eye of a loophole than confront the obvious supply side constraints in the housing market. But this camel has more than one hump and the unintended consequences of their policies are likely to hurt the people the package is designed to help. How…
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In 1980 my parents bought a property in Mt Eden for about $56,000. No, I didn’t miss a zero off the end. That is what houses were worth back then in central suburbs. It was a big deal for my parents – 5 kids to house and busting a gut to get into good school…
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Erskine and Owen were able to secure the property below “off-market” as Buyers’ Agent for one of our property investment clients. This opportunity came to us via our network of real estate agents due to the special circumstances of the vendor. The vendors were selling to raise funds to build, however, they also needed a…
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Buying a New Build vs Existing Property – That is the question
Interest deductibility is now ruled out for existing properties… we think (it’s still not completely clear), and will not be ruled out for new builds….probably, which is causing investors to think, “should I invest in new builds or existing properties in New Zealand?” Before the announcement about eliminating interest deductibility for investment properties people typically…
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