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Thread: Capital gains

  1. #1

    Default Capital gains

    Hello All.

    I'm looking at getting into property as I have a unique opportunity for property investment in eltham, Taranaki.

    I have no valuable assets, but this opportunity allows me to get in and develop them.

    What I am currently not able to factor in as i can't seem to find any data for the area, is the capital gains in eltham.

    I was wondering if anybody has any idea as to the recent and past 5 years capital gains have been for eltham?

    Kind Regards for any info in advance
    Last edited by caligpierson; 08-06-2008 at 06:43 PM. Reason: grammer

  2. #2
    Join Date
    Apr 2005
    Location
    Wellington
    Posts
    1,584

    Default

    I'd say that the past 5 years capital gains would have little bearing on capital gains during the next 5 years, so I hope you're not placing too much emphasis on past capital gains.

    If you have a good opportunity to develop/renovate then that is where the potential capital gain lies, in my opinion.

    P.S. Welcome to the forum!

  3. #3
    Join Date
    Apr 2006
    Posts
    4,018

    Default

    Why is this opportunity unique?

    Paul.

  4. #4
    Join Date
    Feb 2004
    Location
    Newcastle-under-Lyme
    Posts
    3,066

    Default

    Hi Calgi

    I wouldn't count too much on capital gains in Eltham myself, nor would I look to the recent past to predict future performance.

    Nonetheless, tell me what you would pay now for a house in Eltham that has been separated into 3 two bedroom flats and I will tell you what the capital gain has been!

    Cheers
    David


 

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