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Type: Posts; User: Don't believe the Hype

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  1. Replies
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    This is true and a great example of why I ask on...

    This is true and a great example of why I ask on a different thread why people want to o into higher risk categories like commercial and property development once they've done well in a related but...
  2. I'm confused why you think others should gamble...

    I'm confused why you think others should gamble as you put it on your project. This cost is no different to paying for a building inspector to check out a property before you buy it. Would it be a...
  3. Replies
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    191

    I find this amusing too... people seem to be...

    I find this amusing too... people seem to be excited by the value of assets they control/own - the reality is until it's paid for they don't really own or control anything - they're pawns of the...
  4. You say you don't want to have to throw a tonne...

    You say you don't want to have to throw a tonne of money at the project to determine if it is viable... which is sound. But you can't get away with spending nothing. If you invest a few thousand...
  5. Replies
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    191

    $50,000,000 is a fairly high Net Worth - my bet...

    $50,000,000 is a fairly high Net Worth - my bet is there is only one person on this forum at that level.
  6. Replies
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    281

    Titahi Bay Wellington

    Titahi Bay Wellington
  7. You're right and if you only focus on the upside...

    You're right and if you only focus on the upside it makes complete sense... Kinda like playing $100 hands of blackjack vs. me at the $5 table.
  8. Fair enough. For me an additional $ is far less...

    Fair enough. For me an additional $ is far less attractive than risking the pile I already have.

    Some say to me that the natural move is from residential investing to commercial - I know nothing...
  9. I don't recall what we used as the valuation it...

    I don't recall what we used as the valuation it was a long time ago. But ever since we've been sure to get registered valuations as we've moved in or out of Aus Tax residency.
  10. Why are you guys wanting to move from what works...

    Why are you guys wanting to move from what works for you to something else? Is the reward worth the risk or are you just looking for a new challenge?
  11. I have paid Aus CGT on NZ property having NOT...

    I have paid Aus CGT on NZ property having NOT sold while I was an Aus Tax resident.


    If you are an Aus tax resident you're liable for CGT on your world wide assets - even if they're outside Aus...
  12. Replies
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    14,896

    These same townhouses now updated to meet the new...

    These same townhouses now updated to meet the new HHG requirements that all rentals must meet by 2021 are asking $495. This is $115/wk up from June 18 (up 30%)
  13. Replies
    108
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    14,896

    The above data was from mid Nov18 Current no....

    The above data was from mid Nov18

    Current no. is 46 available rentals 3br+ under $500/wk in the Wellington Region a reduction of 1/3 in 8 months.

    ...
  14. Buying an investment property is a big decision. ...

    Buying an investment property is a big decision. Sounds like you've done a lot right up to now. Managed expense, lived well within your means and as a result you has some excess cash. You want to...
  15. Replies
    108
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    14,896

    No. of listings has pulled back a bit from the...

    No. of listings has pulled back a bit from the start of July at 39

    - Only 2 below $400/wk
    - A further 8 between $400 and $500/wk
    - Only 7 between $500 & $600/wk
    - The middle 1/3 being...
  16. Replies
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    Interpretation - I DESERVE a place that exceeds...

    Interpretation - I DESERVE a place that exceeds what i WANT to pay. Someone else should foot the bill so that I can live the way I EXPECT to live
  17. Replies
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    1,227

    That's a great question Rosco... I've had...

    That's a great question Rosco...

    I've had accountant charge me for the time they're learning about a tricky issue at their hourly rate. Is this something you'd do / normal practice? I found it...
  18. I wonder if we can get the tenant to supply a...

    I wonder if we can get the tenant to supply a document stating they will abide by all current and future laws with same said fine payable.

    I'd be more than happy to sign if the tenant was held to...
  19. Replies
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    680

    This guys a troll ... angry at their landlord...

    This guys a troll ... angry at their landlord because they didn't understand the contract they were getting in to and now looking for ways to make things difficult. People like them clog up tenancy...
  20. Replies
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    A couple of thoughts/questions... is there any...

    A couple of thoughts/questions...

    is there any relationship between the best countries in the world to live and the price of property? NZ, Aus, Canada. Sweeden. Norway etc...

    What is the rent...
  21. S Seems very cheap to run ... why all the...

    S


    Seems very cheap to run ... why all the noise about tenants not turning on heat pumps when they're installed due to the cost of running?
  22. Replies
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    847,084

    In Aus where there is a CGT which is a tax on...

    In Aus where there is a CGT which is a tax on value increases and a Stamp duty a % of the sale price, why would the government want house prices to come down? The government is essentially a silent...
  23. I wonder how long it would take to get your place...

    I wonder how long it would take to get your place up to 18 degrees on a really cold day with a 6.2Kw heat pump...

    anyone know the cost of running a 6.2Kw heat pump/hr?
  24. thats right based on the calculator... even...

    thats right based on the calculator... even worse, if your living room has open access to the stairs to upstairs you have to include the upstairs space too...

    from the playing around with the...
  25. i love it... no wonder they're feeling guilty...

    i love it... no wonder they're feeling guilty about not paying the living wage and all voting to increase their pay to $21/hr
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