I was lucky to have Lisa and Gary in to share some of their thoughts. Both passionate property investors have very nice portfolios.
Things to consider for investing in 2018
The Healthy Homes Bill means warmer, drier homes. Heat pumps might be required but we will have to wait till 2019 to find out the exact details.
Changes in the bright line test, will mean taxes for shorter term investors. If you are buying after mid March expect capital gains tax if you then sell within five years(your own home is excluded).
These changes are starting to present opportunities. Especially in Auckland as a little bit of fear starts to drive the market towards buyers.
There are many properties which enable a many dwellings to be built on it easily, some are being sold at regular prices. Understanding on how services like storm water can impact the costs of building on these properties is important.
The are plenty of good deals if your focus is over the longer term.
Gary Lin
Grande Lusso Renovations
info@grandelusso.co.nz
Mob: 028 400 2820
Lisa Taylor
Taylor property management
lisa@taylormanagement.co.nz
Mob: 021 897 794
