EP: 47•
In this episode, we discuss a recent idea that has been suggested by the Interim Retirement Commissioner – should you be able to use your KiwiSaver to buy your first investment property (if you don't already own another property).
This is an important topic because we know that some groups in NZ are finding it hard to get onto the property ladder – and yet the NZ superannuation was never meant to support accommodation costs, it was always assumed that these would be sorted.
However, only 20% of Pacifica people own their own home, and only 35% of Maori own their own home. This is much less than their Pakeha counterparts. And we know that the majority of Pacifica people live in Auckland, where house prices are relatively unaffordable.
We add our support behind the idea of using KiwiSaver to buy investment property, because: a) it means that you don't need to buy in the same city that you live in. This means that people struggling to buy in their home city can still access the property market, and b) because it means that multiple people can pool their KiwiSaver – so that four people could pool their KiwiSaver's to buy an affordable 2 bedroom unit. This means that it would be much more affordable for these people to access the property investment market.
If you are interested in learning more about property investment, then head to the Opes Partners website where you can read the Epic Guide to Property Investment in NZ, this is the most comprehensive guide to property investment in NZ.
EP: 2015
In this episode, we discuss how to deal with bad neighbours. That includes one case where a tenant's neighbours were threatening to poison their dog. We talk through who to call in different situations and a few case studies of when neighbours truly are at war.
Want to become a successful property investor? Opes+ is your one place to run numbers on all your investment properties.” Check out the new app here.
EP: 2014
In this episode, we discuss the exact process to get a mortgage top up. That includes what you can use a mortgage top up for, who you need to talk to, and different ways you can set it up. Ultimately, property investors can use this information to decide whether a mortgage top up is right for them.
Looking to calculate and compare your mortgage repayment options? Use our mortgage calculator to find out your potential monthly payments.
EP: 2013
In this episode, we discuss what middle class really means in New Zealand.
This includes how much income and wealth you might need to be considered middle class.
And if you're not middle class ... what are you?
Want to become a successful property investor? Opes+ is your one place to run numbers on all your investment properties.” Check out the new app here.
EP: 2012
In this episode, we are joined by Laura to discuss how she went from 0 to 5 properties in just over 5 years.
That includes how she did it starting on a single income and is now just 32 years old.
She shares the highs and the lows and some of the mistakes along the way.
Inspired by today's case study? Find out if you can afford an investment property with our quick quiz.