This is an exact copy of what I posted on TradeMe. (An error has occurred 59009! You are not allowed to post links)
Hi all, I am asking for advice on investing in property in New Zealand. I would like to buy a couple of commercial/residential properties in Dunedin yet I have never before bought an investment property anywhere. There are so many questions I want to ask, such as:
Is it possible to have rental income service the majority of loan repayments?
How should I go about minimising tax on rental income?
As I am an Australian, and currently living in Australia, would it be better to take out a loan through a bank in Australia or a bank in New Zealand?
Thanks in advance.
Hi all, I am asking for advice on investing in property in New Zealand. I would like to buy a couple of commercial/residential properties in Dunedin yet I have never before bought an investment property anywhere. There are so many questions I want to ask, such as:
Is it possible to have rental income service the majority of loan repayments?
How should I go about minimising tax on rental income?
As I am an Australian, and currently living in Australia, would it be better to take out a loan through a bank in Australia or a bank in New Zealand?
Thanks in advance.
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