http://talkforeign.info/2007/10/03/new-zealand-property/ Sharing unique foreign travel experiences. Fri, 05 Jun 2009 15:52:27 +0000 http://wordpress.org/?v=2.8.1 hourly 1 http://talkforeign.info/2007/10/03/new-zealand-property/comment-page-1/#comment-77 Sarah Thu, 04 Oct 2007 02:31:56 +0000 http://talkforeign.info/2007/10/03/new-zealand-property/#comment-77 Spare us the hype on apartments. Most are tiny and are targetted at the "new kiwi" market. The real money for investors is in buying older houses on their own parcel of land - you'd call that detached, we call it normal. Then you add value, rent it out, hold for the long term and you're sorted. No stamp duty, no capital gains, no death duty. It's all good. If you want to talk to real kiwi investors who aren't actually trying to sell you anything then the forum at www.propertytalk.com would be a good place to start. They even have a wiki with local info. Then, if you still want an apartment, I guess these guys might be good. Spare us the hype on apartments. Most are tiny and are targetted at the “new kiwi” market. The real money for investors is in buying older houses on their own parcel of land – you’d call that detached, we call it normal. Then you add value, rent it out, hold for the long term and you’re sorted. No stamp duty, no capital gains, no death duty. It’s all good. If you want to talk to real kiwi investors who aren’t actually trying to sell you anything then the forum at http://www.propertytalk.com would be a good place to start. They even have a wiki with local info. Then, if you still want an apartment, I guess these guys might be good.

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