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  1. #1
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,057

    Default Auckland PIA meeting - 10th April

    Investor Keynote - Money matters: Tax and finance update for property investors.

    Auckland Girls Grammar School, 14 Howe Street, Freemans Bay

    Networking from 6.30pm | Presentations from 7.30pm


    Featuring Amanda Watt, Kris Pedersen, and Will Alexander.

    NEW FINANCIAL YEAR CALLS FOR A STRATEGY RESET

    Over the last 12 months, we have witnessed a slew of tax and finance changes sweeping across the property industry especially after the formation of the new government. Now that sufficient time has passed for most of these developments to be embedded, it is time for you to get on top of their long-term implications and look at what you can tweak to invest better in the new tax year.

    Come along to this event to learn all about current tax and finance rules that could significantly impact your portfolio's return and long-term viability.



    ALSO AT THIS EVENT: WHAT BANNING LETTING FEES MEANS FOR LANDLORDS IN THIS RENTAL MARKET

    Late last month the Government tabled a bill banning letting fees. While the bill works its way through the legislative process, it is worth taking the time for landlords and property managers to understand the impact this law will have on the rental industry.
    To give you a full understanding of this issue, this presentation will cover the below:

    • The policy background to the Residential Tenancies (Prohibiting Letting Fees) Amendment Bill and the likelihood of potential law serving its intended purpose;
    • The intended and unintended consequences this Bill has from the point of view of industry insiders;
    • The effects this Bill will have on the property management industry in terms of service delivery, cost distribution, and future growth/development;
    • What that means for private landlord clients;
    • How can property managers and landlords continue to seek out long-term meritorious tenants post ban;
    • The impact banning letting fees will have on 'letting' as a skill and important tenancy step.





  2. #2
    Join Date
    May 2004
    Posts
    2,829

    Default

    There also the changes coming up - Healthy Homes Guarantee Act, ring fencing, changes to the RTA.

    Also it would be interesting to know the fiscal impacts of the letting fees ban and ring fencing. Have't seen anything on that so far.

  3. #3
    Join Date
    Feb 2013
    Posts
    355

    Default

    No matter what spin proponents put on , PI looks dire now. Have seen diminishing returns with rising house prices , all of the above will be a bit too much for most. Smart money will not be in property.
    Your thoughts ?

  4. #4
    Join Date
    Mar 2015
    Location
    Brisbane Wellington Auckland
    Posts
    824

    Default

    Still see CIP selling at 8pc to 9pc
    Where the land is valued similar to the purchase price and the yield is in this range I feel property us still worthwhile
    When there is no CG I suspect properties will move to a positive return

  5. #5
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,057

    Default

    Interesting presentation from Barfoot & Thompson.
    They track their times, and say there is three hours work to set up each new tenant - presumably not counting the time spent on the unsuccessful ones for each vacancy.
    Over one year, that adds up to 26,000hrs.
    Someone somewhere has to pay the cost of that.

    Also, PMs should note that the letting fee ban is not yet Law, and is unlikely to be so befor the end of this year.


 

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