Blog

  • All
  • Articles
  • First Home Owners
  • Property Investors
  • Uncategorized

  Renting, most of us have been there. Whether you once did, or still do, you have probably felt that pinch when realising that you’re spending so much of your hard earned income paying ‘the wealthy, greedy landlord’s’ mortgage. If you know my story, you’ll know not that long ago I was in the same boat, but now the situation’s reversed and I’m the landlord. I believe landlords have an opportunity to help their tenants realise their financial potential, as they have the knowledge and experience to show that it's not as difficult to get into home ownership as some may...

There was a lot of talk and predictions a few months ago about how the Auckland property market will crash due to COVID-19. The media scaremongering and opinions of some economists were proved wrong, when in the months following, Auckland house prices and sales remained strong. This has left many people wondering why? When the ‘experts’ were so sure of a housing crash, like what was seen with the last recession with the 2007 Global Financial Crisis (GFC). Here’s why I’m confident, as history has shown, that now is as good a time as any to invest in the Auckland...

In August this year, The Reserve Bank of New Zealand (RBNZ) lowered their official cash rate (OCR) to 1%—a 50 basis point cut and a record low. While everyone knew a cut was coming, it was certainly bigger than expected. The cut may signal a recession and weakness in the economy—in a healthy economy prices tend to go up (inflation). It is predicted that another cut will likely take place in November when RBNZ is due to review rates again.   RBNZ uses the OCR to control inflation. So if inflation is running hot they increase the rate and if it runs...

A while back, I was invited by a mutual contact to attend an event about a new property investment model. Though I had my doubts, I decided to be open minded and went along.  The presenter was enthusiastic about his new model and said he had spent five years developing it. He had also spent a lot of time and energy battling the Financial Markets Authority (FMA) to get it approved in New Zealand so that it could be offered to ‘mum and dad’ investors (essentially those without much knowledge on property investment and how it all works and hence the...

Earlier this year, the government’s Tax Working Group (TWG) recommended introducing a broad-based capital gains tax, a move that will affect a huge number of Kiwis. Here's why the proposed Capital Gains Tax (Capital Gain Tax) isn't right for New Zealand. Over 2 million New Zealanders have KiwiSaver and a Capital Gain Tax would affect at least 40 percent of the population, not just the 4 percent claimed by Jacinda Ardern.  There are over 500,000 businesses in New Zealand, 360,000 of those are small businesses. They will be affected too.  If the home office is claimed under your business expenses...

My son just turned 17, lately we have had some talks. Here is what we talked about...

I often call them “liability cards”. Why? Because they are a liability. They don’t do any good to society as a whole as they allow you to spend before you earn...

I was asked at an APIA event: “What is the biggest obstacle first time buyers have?” I said “most of them are financially ready but mentally not ready.”...