Would You Be a Landlord going forward ?

[BlueSky]

Lots of headwinds ahead.
Loans
-Recent fall out from the Australian banking investigations for NZ to be tighter credit, fewer interest only loans, and now investor/occupier rate differentials.

Anti-landlord

-With all the negative changes relating to property investment.

-healthy home requirements
Outlook for unlikely significant capital gains and

Risky operating in flat property market

Introduction of capital gains tax

Ring-fencing property tax losses

Tightening credit requirements

Feel free to add to the list.

https://propertyblogs.co.nz/2018/09/would-you-be-a-landlord-in-2018/

[eri]

if there was a better investment

would quite likely go for that

[AlFa]

I'd be slowly selling off so I could concentrate on development

[Nick G]

Yip. Be greedy when others are fearful.

What would give me pause would be rent control or debt to income restrictions. Then I would really have a good think.

[hawkeye]

No, I wouldn’t buy again.

[Sportsvee]

It's always an option to get back into in the future. But right here, right now it doesnt work for me, so I sold. It works for others, and all credit to them.

[klauster]

Possibly for passive property investors it gets difficult to manage costs and risks (e.g. ring fencing).
For a LL business health and safety, taxation and financial restrictions have always been part of the business.
The game changer comes with the imbalanced changes to the RTA, with the risk that somebody takes control over tenancies by reduced abilities to enforce tenancy agreements and business decisions.

[Chris W]

BlueSky

Two questions:

1) Why is the outlook unlikely for significant capital gains? what has changed your view? Some people believe that property prices double every 10 years.
2) Why is it risky operating in flat property market? - rents will still rise in a market of flat property prices?

Outlook for unlikely significant capital gains and

Risky operating in flat property market

[Meehole]

Tenants moving out in a couple of weeks so selling the property and going to buy piece of dirt and build a holiday home/retirement home.

[Nick G]

If you know your market rent or sale price going into a deal I don't understand how a flat market is risky.

BlueSky

Two questions:

1) Why is the outlook unlikely for significant capital gains? what has changed your view? Some people believe that property prices double every 10 years.
2) Why is it risky operating in flat property market? - rents will still rise in a market of flat property prices?

[DaveW]

Lots of headwinds ahead.

Changes are inevitable and as a landlord you better embrace it and play them to your advantage.

Loans
-Recent fall out from the Australian banking investigations for NZ to be tighter credit, fewer interest only loans, and now investor/occupier rate differentials.

Good. Means more chance to get a good buy.

Anti-landlord

-With all the negative changes relating to property investment.

Since the change of government?

-healthy home requirements
Outlook for unlikely significant capital gains

Create your own capital gains when you buy and improve.

Risky operating in flat property market

You manage your risk when you buy.

Introduction of capital gains tax

Most other countries have it and their investors still get rich. Factor it into your transactions.

Ring-fencing property tax losses

Don't make losses.

Tightening credit requirements

More chances to get a good buy.

https://propertyblogs.co.nz/2018/09/would-you-be-a-landlord-in-2018/

Brexit, etc.
Who knows what will cause the next real estate crash on our shores. Be wise to have cash on hand during those times.