Due to boom markets in Auckland, GM Homes explains why NZers should invest in Australian property now, for better returns
Auckland, New Zealand (PRWEB UK) 6 November 2016 -- As recently reported in the New Zealand Herald, property investment trends in New Zealand, predominantly in Auckland, indicate that real estate investment is becoming out of reach, with average properties up near the one million dollar mark in the Auckland region alone. Investment properties for the rental market are difficult to obtain because of the boom in market price. This makes property deposits extremely difficult to gather. Therefore the returns on that level of investment become unviable based on the large financial outlay.
GM Homes explains why housing investment in NZ is nearly out of reach, where Aussie markets are strong and affordable.
There are prolific affordable options for rental investment properties in the Australian market. At only 10% deposit, and with new houses available under the $400 thousand mark, there are numerous opportunities making an across-the-ditch option desirable. With the reduced deposit levels, the negatively geared structures and property rental assurance, the Australian investment market is in a very strong position.
According to Andrew from GM Homes, "Not only is the deposit affordable, the rental returns are considerably better. Add to this an annual tax deductible holiday over the ditch, great tax incentives, having reliable property managers, and the case starts to build."
"In regards to tax benefits, and without getting into complicated jargon, the fact that you calculate and return the rental income on both sides of the Tasman may seem like a disadvantage, but it can actually prove to be an advantage in that a “double dip” on any tax losses may be available. If the rental property runs at a loss according to NZ rules, that loss will be available to offset against other taxable income in NZ. So the key is to set up the investment so that it runs at a small loss on the books."
"The benefits of having an Australian local property manager to take care of rentals, providing rental assurance, and offering sound investment advice, as certified under strict Australian rules, is paramount to success."
GM Homes is a reputable Australian-based company (run by Kiwis) that has been helping everyday people become successful property investors for over a decade. Andrew, who lives in Auckland, is happy to have a chat, obligation free, on 0226 163 353. He is happy to come to you in NZ. Or visit http://www.gm-homes.com.au
Terence Mulligan, Reimagination.com.au, http://reimagination.com.au, +61 412123627, [email protected]
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