• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook

Search:

Type: Posts; User: MikeO

Page 1 of 9 1 2 3 4

Search: Search took 0.14 seconds.

  1. Thread: Christchurch

    by MikeO
    Replies
    9
    Views
    1,222

    Most property owners ended up better off...

    Most property owners ended up better off financially following the last earthquake (many people SIGNIFICANTLY better off).

    I would expect the same again if there is another. Of course there are...
  2. Replies
    2
    Views
    632

    I wouldn't bother. You are adding additional...

    I wouldn't bother. You are adding additional legal cost and the only benefit is to the bank. I very much doubt they would offer anything more at 52% LVR v 60%.
  3. Thread: Christchurch

    by MikeO
    Replies
    9
    Views
    1,222

    yer well I dropped the rent to $260 per week...

    yer well I dropped the rent to $260 per week which is only a gross yield of 6.2%. Not great but I had a fair bit of cash in the bank that was doing nothing for me other than keeping me up at night...
  4. Thread: Christchurch

    by MikeO
    Replies
    9
    Views
    1,222

    Hi Teeboy I think it is an ok time to buy a...

    Hi Teeboy

    I think it is an ok time to buy a rental in chch now and a really good time to buy a house to live in (you should be able to pay less in mortgage than current rents). Don't be in too...
  5. My advice would be save yourself a lot of stress...

    My advice would be save yourself a lot of stress by putting your $ into whatever you see as a safe investment, go flatting and focus on your study. Reasons include:
    1. rents and property prices in...
  6. Replies
    112
    Views
    19,341

    4.25% interest less 33% tax = SFA and not likely...

    4.25% interest less 33% tax = SFA and not likely to improve any time soon.

    That, together with the risk associated with shares and even with term deposit (i.e. the OBR haircut) were factors in me...
  7. Replies
    112
    Views
    19,341

    You can do better than 5% in CHCH at the moment. ...

    You can do better than 5% in CHCH at the moment. E.g. I just picked up a 2 bedroom unit on a good street for around $220k. I'm hoping to tenant it at $280 per week which is not the greatest yield...
  8. Hi McDuck You will most likely find plenty of...

    Hi McDuck
    You will most likely find plenty of information on the Statistics New Zealand website. Essentially though the UN has a published national accounts framework (System of National Accounts)...
  9. Replies
    12
    Views
    2,481

    Hi - I hope your reconciliation works out. One...

    Hi - I hope your reconciliation works out. One thing to be careful of (probably top of your mind anyway if you have already been through a separation). I would assume if you are moving back...
  10. Replies
    12
    Views
    2,343

    Give them a call and ask to come in and introduce...

    Give them a call and ask to come in and introduce yourself. Follow up with an email. Make sure you are reliable and reasonably priced.
  11. Replies
    69
    Views
    16,761

    This argument might have some merit if it were...

    This argument might have some merit if it were the RBNZ that was driving an increase in interest rates as a means of slowing the economy (to reduce inflation) through the OCR.

    Main problem is this...
  12. Replies
    15
    Views
    4,198

    Hi Nick As soon as you are adding plumbing, yes...

    Hi Nick
    As soon as you are adding plumbing, yes you would need a consent (moving is a bit different - exemption from consent if moving). Your problem will be adding elements. This makes it a...
  13. A home owned prior to the relationship is...

    A home owned prior to the relationship is separate property as well, until such time as you both live in it and it becomes relationship property = the family home (which is why I asked whether they...
  14. here is a good link:...

    here is a good link: http://www.adls.org.nz/for-the-profession/news-and-opinion/2016/4/29/more-trust-busting-on-the-horizon-implications-of-the-clayton-supreme-court-judgments/
  15. Google Clayton v Clayton. My non-lawyers take on...

    Google Clayton v Clayton. My non-lawyers take on it is that the power to appoint and remove trustees and beneficiaries etc can be considered relationship property with the value equal to the assets...
  16. Hi - do you live in the house owned by the...

    Hi - do you live in the house owned by the trust? If so I would say you would be getting into a very grey area with regards relationship property, particularly if you have power to appoint and...
  17. It is definitely getting harder to find tenants. ...

    It is definitely getting harder to find tenants. I've just filled a vacancy (very small 2 bedroom plus study unit). Dropped the rent from $380 per week down to $295 per week. I probably could have...
  18. Good on you for taking responsibility. At worst...

    Good on you for taking responsibility. At worst you are responsible for paying to repair the damaged area (not the whole house). If the cost is more than your bond then yes you are responsible for...
  19. Replies
    6
    Views
    1,905

    Hi Carol As a Christchurch investor myself $360k...

    Hi Carol
    As a Christchurch investor myself $360k for a 1 bedroom apartment doesn't sound like very good value in my opinion. Rents have fallen quite a bit recently and with a lot of new build...
  20. Replies
    4
    Views
    662

    My understanding is that yes it would as you...

    My understanding is that yes it would as you would be holding an estate in land. I'm not a lawyer though. Definitely check with one before you go ahead.
  21. Replies
    20
    Views
    2,564

    Majority of NZ credit scores are based solely on...

    Majority of NZ credit scores are based solely on 'negative' credit information (adverse events such as defaults, judgements, collections, along with details of previous enquiries). This compares...
  22. Replies
    13
    Views
    1,558

    Is it possible that the insulation in the...

    Is it possible that the insulation in the ceilling has been pushed too far out so that it is blocking air circulation from the eave? When I have installed ceiling insulation I have understood the...
  23. Replies
    10
    Views
    1,683

    A good reason not to buy off the plans...

    Developers of New Zealand's biggest new multi-unit apartment project are considering asking buyers for 15 per cent more money for more than 200 new Auckland places.
    ...
  24. Replies
    11
    Views
    1,948

    As John the Builder said - if it is actually a...

    As John the Builder said - if it is actually a paper road you can legally access over that.

    From here:http://www.nwm.co.nz/paper-roads-and-public-access/

    Paper roads are more precisely called...
  25. Replies
    11
    Views
    1,269

    my random thoughts on chch

    Fendalton and Merivale = nice streets, nice neighbours and good school zones, close to town. Definitely a bit of snobbery in there as well I would say.

    Locationwise Linwood has a lot going for...
Results 1 to 25 of 215
Page 1 of 9 1 2 3 4