Posts tagged Manukau
Property investment advice from NZ's top experts...
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Only being interested when the market is hot

A lot of people decide to become property investors when house prices are rising.

In reality, you should have been buying three or four years ago. When it is doom and gloom, that is when you should be buying.

Buying in the wrong location

Investors should look for places where there was population growth, infrastructure and employment.

You've got to invest in those locations for growth. It helps people get the next deposit and keeps cashflow robust.

Not getting advice

Property investors should have an accountant with experience in property investment, a property mentor or a financial adviser to talk to. Local property investors associations can be helpful also.

It's important to have a plan and review it regularly

Talk to a lawyer and accountant to get the right ownership structure in place.

Trusts are great for asset protection but bad for tax efficiency. If the property is making losses, you could get stuck there.

Thinking finance is just about getting a loan

Fix parts of your loans on different terms, such as some floating, some fixed for a year, two years and three years, so they would come up for renewal at staggered intervals.

It smooths out the interest expense and means you can avail yourself of opportunities when low interest rates are offered.

Olly Newland cautioned against borrowing too heavily on your own home. "You shouldn't borrow more than the rent from the property will cover."

Not doing the numbers

People don't know the difference between the gross yield of a property - a basic calculation of the rent coming in as a percentage of the purchase price - and the net yield - what they would earn after all the costs were taken into account.

Costs could easily make the difference between a purchase being a good opportunity or a long-term drain on finances. - David Whitburn, project manager at Fuzo Property

Not managing the property well

Investors should ensure they had enough money aside to cover repairs and maintenance, and keep on top of it. Many would end up not putting rents up often enough or not knowing how to deal with problem tenants.

Source

How will the new Unitary plan affect your area?

The talk about town at the moment surrounds the new Unitary plan to create a capacity for 422,000 new dwellings in Auckland by 2041.

It proposes creating capacity for 270,000 new dwellings to be built in urban areas, 23,000 in live-zoned land in new urban areas, 14,000 in rural zones and 115,000 in Future Urban zones (unlikely to be available in the next seven years.

Single house zone: One house per section (area reduced by 22%)

Mixed housing suburban zone: Four houses up to two storeys per section without resource consent (area expanded by 5%)

Mixed housing urban zone: Four houses up to three storeys per section without resource consent (area expanded by 48%)

Terrace housing and apartment building zone: Apartments of up to five storeys, and in some cases, six or seven storeys (area expanded by 25%)

Find out here how your area will be affected.

Favourite things in Manukau

If you’d like to get to know Manukau a little better, the following excerpts give a nice overview of just some of the features of the area. I found these on Auckland Council’s websites.

“Manukau is the heart of Auckland’s south, a vibrant cosmopolitan centre that is a unique blend of urban, rural and coastal — which means lots of opportunities for fun, adventure and relaxation.

Get a thrill


Enjoy the exhilarating rides and attractions at New Zealand’s largest theme park. It’s a great family day out, with roller coasters, bumper boats, go karts, 3D motion master, dodgems and much more.

Taste the culture
For a taste of the Pacific, visit Otara Market, New Zealand’s largest street market bursting with life and flavour. Every Saturday, the Pacific Island, Māori and Asian stalls sell everything from fresh fruit and vegetables to clothing, arts and crafts.

Smell the flowers

Take a stroll through the stunning Auckland Botanic Gardens, home to more than 10,000 plants. Picnic on the grass, enjoy a bite in the café and admire the fantastic sculptures spread through the gardens.”

Reposted from http://www.aucklandnz.com/discover/manukau

“Totara Park


One of south Auckland’s premier parks, Totara Park, stretches over 216 hectares with an award-winning adventure playground at the Wairere Road entrance. There's also a second playground just a short walk from the main picnic area along the main bridle trail.

There's also a swimming pool which is free and supervised to use during the summer months. Awesome mountain bike tracks, for more information, visit the Auckland MTB Club and the Cycleway New Zealand websites.

Totara Park is home to a wide variety of bird habitats and also boasts a tennis court that is available year around, many bush walks and makes a perfect picnic spot.”

Reposted from http://www.aucklandcouncil.govt.nz/EN/parksfacilities/premierparks/Pages/totarapark.aspx