Property Advice Expert
First investment property
mark ashcroft asks:
Hi there,1st time investor. I have just got pre approved for$ 840,000 for my 1st investment property. I am using equity in my existing home.
I am looking for my best place/ area/ city to buy a new build .
cash positive? or with a good rental return and market, I'm looking at new builds as I'm aware tax wise il have less to pay at the end of the tax year.
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Using rental for business
Neihana asks:
What rules are there around using a rental property as a business address?
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Apartment investing
Andrea asks:
I am a Kiwi that has lived in the US for 30+ years. Both of my parents recently passed away and I have just completed the sale of my parents' properties in Lake Tarawera and Wellington. I am now looking at an apartment investment in Mount Victoria in Wellington. I invest in the US in multi-unit apartments but I am new to investing in NZ.
What is the maximum loan to value currently offered by New Zealand banks? And which bank would you recommend for up to 12 unit properties?
The rents are currently under market and my plan would be to increase as leases roll over. I have read about the huge run-up in rents due to supply constraints: do you see that continuing for some time? Do apartment investors look purely at gross yield (50 x weekly income/value) or other metrics?
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