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sir1963

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#284049 27-Mar-2021 21:38
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So, Grant Robertsons current move has made me believe that having all of our eggs in one basket (NZ) is a risk.

 

So I am looking at a Plan-B

 

I am wondering about buying an Apartment in Surfers Paradise, something we can rent out Air BnB style while also allowing us to use it as a Holiday destination ourselves.

 

Anyone done this ?

 

Yes, I will be talking to my accountant and lawyer, but any information would be helpful.


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cshwone
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  #2692881 14-Apr-2021 19:44
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mattwnz:

Wish we had some of those taxes on property in NZ. Took us far too long to bring in some of the ones we do now have.



Why? Australia has a similar if not quite as an extensive property inflation issue as we do. My daughter has a pretty average colonial villa in NW Sydney. She couldn't afford to buy it now.

So what effect do the taxes have other than enriching the government. If anything prices will rise to partly compensate for those taxes

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