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On Reuters the Fed said no more interest rate rises....
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That’ll save you needing to wait another 3 months.
Quite odd though when you think about it. What’s the point of fixed term - if it’s not unless you give 3 months notice that it’s ending when you said it would at the start of the fixed term?
cheers,
Donna
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I was on the GRA.co.nz end of year prepping webinar tonight and if you can watch the replay of it - it had some good info on changing structures and when you can be exempt from some of the rules like CGT etc.
cheers,
Donna...
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Hi Richard,
your PPOR would be subject to capital gains tax I believe - check this one out.
also getting a loan using your PPOR maybe be subject to investor finance rules,
I am sure there’s more reasons to not have your PPOR in an LTC.
cheers...
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^^ when you say ‘credit loans’ are you talking existing - I.e. credit cards? Or new lending?
Donna...
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This looks interesting and sure to prop up confidence - and I think it's just between USA, ECB, Bank of Canada, Bank of Japan, and Swiss National Bank. I wonder why the UK and Aussie are not included.
cheers,
Donna...The US Federal Reserve and several other major central banks announced a coordinated effort Sunday night to boost the flow of US dollars through the global financial system with the aim of keeping credit flowing to households and businesses.Last edited by donna; 20-03-2023, 09:09 PM.
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Good question - I’ll see if we can get some replies for you.
cheers
Donna
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Kainga Ora sell land to Offshore majority owned Fletchers
Hi Pters,
Here's an interesting news item from Stuff. While we're hunkering down for fear of a deep nasty recession - offshore investors are scooping up our prime development land around Auckland.
Were we caught napping?
Since September $123 million of land is...More than $123m of land has been sold since September under a special pathway to encourage new housing.Last edited by donna; 16-03-2023, 01:18 PM.
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Biden calls for calm - that all deposits are guaranteed- I.e you’ll get your money back when you need it so leave it where it is.
Investors - Biden says - tough luck you took the risk and have to live with it. That’s NZ Rocket Lab’s $45m down the gurgler.
This was...
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Hi Seller127,
Just see your post. How do you do your due diligence to be satisfied the buyer is good for the money? That is the initial $600K?
I’m guessing the buyer may also be a property speculator who can on-sell the property at a profit before time is up and settlement...
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National have now woken up and they’re coming out with policies that will be hard to ignore- fingers crossed.
The election will be the closest we’ve had for some time with one poll suggested it’s neck and neck for Labour Greens and National Act. Who will be the kingmaker?
...
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70000 laid off at the big tech firms so far in 2023.
Latest I heard was Xero laying off 800.
cheers
Donna...
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Another good article from WSJ (not behind paywall). https://www.wsj.com/articles/how-to-...-rent-6ff4f9ec
Landlords become salespeople offering perks to attract tenants. Rents are rising at 1% - so not keeping up with inflation. Rent-free periods getting longer...
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^^ a good move and storage units too - consumerism is alive and well. There’s never enough storage esp in apartments and townhouses which developers are building in the hundreds and a lot of folk don’t know when to get rid of stuff.
Maybe commercial buildings are repurposed to lock...
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^^ well observed - I’m a subscriber to wired magazine and they charged me $30 for the year then sent me a deal - get 12 months for $5.
It’s better to cancel at the end wait a couple of months then grab their new customer deal.
cheers
Donna...
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^^yes of course Perry that’s what I meant - post has been updated.
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Commercial property white elephants
Hi Pters,
It wasn't that long ago, investors were ditching residential in favour of commercial property. The question is - how's that working for you?
See this FT article (it's not behind the paywall) -
https://www.ft.com/content/60a67e2b-...a5-af47-efba14...
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Yeah the rot has to stop with these low-ball tenants.
National when they get in needs to empower landlords to make the right decisions re their properties including removing the ban on no reason given evictions.
cheers
DonnaLast edited by donna; 08-03-2023, 08:45 PM.
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