In this blog I share my current property investing strategy (as at August 2020), because there is a window of opportunity for investors that is likely to close soon. I outline the main points below. Finance At present, some banks are lending 80% on investment properties, which..
Read ArticleAs we begin to emerge from lockdown into an environment that is markedly changed due to the effects of Covid-19, I’ve been thinking about what business owners and property investors can do to get through the challenging times that are no doubt ahead of us. Get..
Read ArticleAs many investors will already know, banks have been steadily tightening their lending criteria, making it more challenging to borrow. And soon, when the new capital requirement rules for banks come into effect next year, this is only going to get harder. Capital requirements for..
Read ArticleWhile some people are still concerned about the property market and are cautious about investing, it is my opinion that now is a great time to invest in Auckland. Why do I say that? For a number of reasons, which I outline below. 1. Low..
Read ArticleBanks have recently tightened their criteria and changed their serviceability rules so much, that it has become much harder for investors to get finance. And for large investors, it is almost impossible. The RBNZ has told banks that they must adopt ‘sensible lending’ practices, which..
Read ArticleWith a cooler Auckland property market, what should buyers and sellers be doing to maximise their chances of success? Sellers obviously want to get the highest price possible, while buyers (especially investors who are focused on the numbers) want the opposite. Funnily enough, auctions can..
Read ArticleThe money supply for property investing is getting tighter. It is becoming harder to obtain finance because policy is changing in an effort to protect New Zealand’s banking system. So now is a good time to think about where your money supply comes from and..
Read ArticleFor our property investors the issue of claiming repairs and maintenance as a deductible expense is of major importance because this type of activity is generally the largest cost after interest expenditure when owning a rental property. Capital improvements are of no immediate or..
Read Article2008 was a year all of us would like to forget. It was the year when the global economic crisis hit and many individuals, businesses and countries went bankrupt, redundancies happened in their droves, unemployment went up and government cutbacks were the norm. Those..
Read ArticleSalesh is the best CA I have ever met in New Zealand so far. Period! The reason that I had fired my previous accountants is that they are so cheap. And they offer cheap advice. You need good and solid advice that can make you more money in the long run. And Salesh is the man who can deliver real results for you. Cheers to your success, Kind Regards - George Guo - ANZ BANK Senior Personal Banker
Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.
We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.
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