Property

Investment Properties

- Why buy an investment property?


Purchasing a residential property can be an excellent way to increase wealth over the medium to long term, and provide a passive income on retirement.


A successful investment strategy will encompass:

• Sound buying decisions
• Good taxation planning
• Good property management
• Good mortgage management

New Zealand is a good place to buy investment property for the following reasons:

• No capital gains tax
• No stamp duty
• No limit on losses claimable
• Favourable depreciation rates
• Stable interest rates
• Strong demand for rental accommodation
• Potential for significant capital gain


It is important to recognise that property investment is a business and you should consider all the impacts it will have. There are legal and taxation aspects involved in owning a residential property from which you can earn income, which should be considered before you buy.


Consider also how your property will be managed and what is involved in presenting it to potential tenants. Reid Yacht Services can manage all aspects of your property portfolio and you may find that management fees are offset increased occupancy and returns, and lower maintenance costs through our bulk buying ability.


In addition the accounting information we provide makes it much easier for you or your accountant to prepare year end tax returns.


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