GRA Blogs

Articles by The Professional Trustee Team

The Professional Trustee Team


2014 in the Chinese calendar is the Year of the Horse.  It is said that those who grasp opportunities that come their way in this year will prosper, but those who don't will have a temperamental year.  This is all well and good but how exactly do you go about grasping a property opportunity?  To help in this regard, here are some pointers:  

Establish a property buying strategy and draw up some buying rules.  This applies equally to buying your own home as it does to buying an investment property.

  • Ensure your structure is sound.  Take advice from those qualified to give it to you.  Do you need to buy the property in a company, trust or some other entity?  Address asset protection, estate planning and tax objectives collectively.
  • Build an appropriate team of professionals around you.  Agents, accountants, lawyers, valuers, builders, property managers, finance brokers etc are all people you want on your contact list.
  • Talk to some real estate agents.  Good agents are gurus.  They are at the coalface.  They will tell you what is going on in a particular suburb.  Pick their brains and capitalise on their experience.  Arm yourself with knowledge and area and geographical population demographics.
  • Start viewing.  Go to open homes.  Look on the net.  Familiarise yourself with the kind of property that meets your strategy and buying rules.
  • Get yourself a clean credit rating.  Do a credit check on yourself.  Deal with whatever you need to deal with go get in credit shape.
  • Talk to a finance broker in advance.  Decide what type of mortgage you will be obtaining.  This should be in sync with your need, circumstances, buying strategy and your structure.
  • Understand the numbers.  If you are buying a home for yourself, put a realistic, workable budget in place.  If you are buying for rental purposes, get to grips with operating costs, expected rental prices and yields.  
  • Once you've found your property, do your due diligence.  Get builders' reports and weather tightness reports.
  • Remember this is likely to be one of the biggest investments you will make during your lifetime.  Don't buy a problem or open yourself up to nasty financial hidden surprises through lack of due diligence.
  • If you are going into property for investment purposes, implement the appropriate accounting system, and always familiarise yourself with and satisfy your tax obligations.
  • Irrespective of what you are buying and why, have an emergency fund put aside. This will save you much financial worry if you have unexpected bills knocking on your door.


Irrespective of whether you wish to play King or Queen of your own castle, or whether you want to move into the business of property investing, the tips and traps I've referred to should ensure your dreams don't turn into your nightmares.  This information should in other words act as a GPS – your Guided Path To Success.
I hope you enjoyed my three part series on "Making Money Through Property".  If you feel you need further assistance before you start pouring the wine and partaking of the cheese, contact me at [email protected]  I'd be happy to help you.

The Professional Trustee Team
© Gilligan Rowe & Associates LP

Did you like this article? Subscribe to our newsletter to receive tips, updates and useful information to help you protect your assets and grow your net worth. We're expert accountants providing expert advice to clients in NZ and around the world.

Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact the author.
Morning Matthew, Quick note about Salesh Chand. I have been extremely impressed with his actions with regard to the mutual client of ours in Auckland Abrasive Blasting and Coatings 2005 Ltd. He has been a pleasure to deal with, provided accurate information in a timely manner and most importantly is giving the client the right advice as far as I am concerned.  He is very personable and I would certainly recommend his services to any ANZ client. Kind regards - Grant Clune - ANZ Relationship Manager - Auckland South
We can help
Here's how

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.

Learn More