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We know what is squeezing the life out of the rental market
Presuming that and 20% tax, that would be $68k, after four years.
Can't you get yearly payments on a TD?
Could always put it in a PIE fund.
Personally it is shares for me.
5% to 7% dividend and growth to match inflation at least.
Bernard Hickey says the quiet removal of the guarantee for Kiwibank savers should remind all savers about the lack of a deposit guarantee and prompt regulators and the industry to run a public education campaign about NZ''s lack of a deposit guarantee
so if the bank holding your $2,000,000 folded
you'd lose quite a bit
but if that $2m had been spent on 4 x $500,000 houses....
Bernard Hickey says the quiet removal of the guarantee for Kiwibank savers should remind all savers about the lack of a deposit guarantee and prompt regulators and the industry to run a public education campaign about NZ''s lack of a deposit guarantee
so if the bank holding your $2,000,000 folded
you'd lose quite a bit
but if that $2m had been spent on 4 x $500,000 houses....
Is it just me, or are all such journos as thick as two short planks?
How many PIs actually lay down the full purchase price in cash?
I.e. Would have that amount available to put in a 4% term deposit for four years?
If you are 60+ and you had, say, $2mil what would you do with it?
Buy a few houses with leverage and take the tenant risk or term deposit and take the money on holiday?
Before the costs of ownership are deducted, the best rental returns of any of the main centres are in Aranui, Christchurch. There, the median rent of $362 provides an annual rental yield of 6.8 per cent of the median HomesEstimate value of $281,600. If the same investor put that $281,600 in the bank they could get up to 4 per cent if they locked the money away for four years.
Is it just me, or are all such journos as thick as two short planks?
How many PIs actually lay down the full purchase price in cash?
I.e. Would have that amount available to put in a 4% term deposit for four years?
Invest in our handpicked investment opportunities from just £100. Choose from buy to sell, buy to let, loan notes and private equity developments. Capital at risk.
I like the idea/concept behind it. But fees and costs would need to be kept in check.
They are attempting to set up a sort of contributory residential rent scheme on a corporate basis.
Seems to have started in 2016.
One of their initial houses is at Ellerslie, and is still pictured on their website as 'under offer'.
Good try Perry. The old adage "Never let the truth get in the way of a old story." Yet another nail in the coffin of informed unbiased journalism in NZ. Just because they have been using unfactual terms they seem to have use them enough to believe they are true. Legalese semantics.
Craig
Stuff was really scrambling to justify themselves. Sadly the real issue will go right past most people, including many journalists. That real issue being that it is only one asset class impacted, and that it is one of several measures actual or contemplated that will encourage landlords to exit the business.
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