Hi All, I found this an interesting "Press Release" on how homebuyers may be able to get a property by taking in flatmates - and the home builders Generation Homes see it as a sales strategy - i.e., buy a bigger home 3 or 4 beds maybe with an additional bathroom and sitting room and pay for it by taking in flatmates. It is a big win for the developer who wants to sell bigger homes on less land, and it could work for first-home buyers, too. My first thoughts are - 1. Would Banks consider 'flatmate' contributions as income for servicing? If so, how much of it is 30% or more? 2. Would the new ..read more

Hi, I have investment property and now would like to purchase owner occupied property for myself. I have no mortgage on my investment property. How can I use that as my advantage. Use equity and what else. ​​​​​​Some people say I can rent on a owner occupied property. Any tips and hacks ..read more

I recently found a online tool that sends email updates about my neighbours property auctions. Like the bid result or final sale price etc, or when my neighbours their home for sale privately. It felt easy to use considering I can't find similar services in NZ. Has anyone else tried a similar service? I'm curious to know how accurate and helpful you found the information. Also, did it meet your expectations in terms of detail and timeliness? Would love to hear your experiences and any recommendations for similar tools ..read more

Hi all. does anyone have any information on when the government is moving the brightline test back to two years? They campaigned on it fairly hard but since the election they seem to have swept it under the carpet. I can't get an answer out of our local MPs office and all emails to the National Party are ignored. The cynic in me suspects they were planning on doing it fairly quickly but when Winnie blew a hole in their projected numbers with the foreign buyers tax they decided to screw all the investors who voted for them by kicking the brightline test change down the road ..read more

Hi PTers! I'm a long time lurker and only pop out of the wood work once in a blue moon, here on PropertyTalk. But I am in need of your collective expertise. Brief description: I have built a sizeable rental property portfolio over the last 10 years and am now in the process of setting myself up to leave my PAYE job and transition into working on/in my properties full time. The part I am needing your guys advice on is, what steps did you take before you made the leap yourself? Any words of wisdom would be greatly appreciated, no matter how big or small. It could just be the thing I have ove ..read more

Hi All, I have ~200K for a deposit, and looking to get a loan of 250 to 300K max to buy a stand alone house 450 to 500K max as an investment property. I am confused which place will be better to buy in terms of: 1) Capital Gains 2) Rent and Tenants 3) Good Property managers ( as I am overseas and will need a property manager to manage property. Do I need a buyer agent or will I be able to manage the selling process from overseas. Anytips. The goal is to have positive cash flow or at minimum neutral cash flow and pay back the loan of 250K to 300K in 2 to 3 years ..read more

Hi! We are planning to buy a house in Drury (Auranga developments) and wanting some insight on the neighborhood please ..read more

Hello guys, Greetings, fellow property enthusiasts! I am newly interested in exploring the world of real estate investment here in New Zealand. Would any kind members be able to direct me towards informative resources or forum threads within this community to guide me in my first steps? I am eager to learn and would greatly appreciate any insights. Thank you in advance for your assistance ..read more

My boyfriend has just left his job for personal reasons - he was an engineer working in the building industry. We're ideally placed to do property development - I've done a couple already as a kind of hobby and he's got lots of skills like plastering, plumbing, knowing building regs inside out, joinery. Our problem is how to get started. I'm self-employed and my mortgage company won't lend me any extra cash for a deposit on a new place. He is now unemployed. How do people fund the initial development? Is there a way of raising a business loan for this sort of thing? Or do we have to do somethi ..read more

Yesterday, the news was properties sold over $2M in AKL was up. Today, it's grab a bargain with these distressed properties for sale from City Sales. A couple of the descriptions start with.... Our vendor is facing financial pressure and reluctantly brings this lovely leasehold unit to the market. Vendor liquidates three leasehold apartments.... Owner throws in the towel... Highly motivated vendor - must sell! Some of the units are a little as $65K This info was in an email from James Mairs of City Sales. He's going to be a busy lad next year! regards, Donna ..read more