NZ Finance Market Update with David Windler: 15th Feb 2021 (Disclaimer: Not financial advice)

Uncategorized Mar 07, 2021

Disclaimer: Nothing in this recording is meant as financial advice and you should always check with a professional before making any financial decision. Recorded on Feb 15th 2021.

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Hear the latest in the world of finance from the best in the biz, Dave Windler from Mortgage Supply Co. www.assetlab.co.nz https://mortgagesupply.co.nz/

CHECK OUT THE UPCOMING NZ PROPERTY SUMMIT (limit 100 people) to hear from Dave and an experienced lineup of property professionals including the TOP property trader in NZ:

Click HERE for Property Summit 2021 details

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Property Academy Podcast

How long will interest rates stay low?
 
Check out this excellent explanation by the team at OPES Partners on their latest podcast episode. They break down the recent announcement from Adrian Orr, which went mostly unreported, but has some significant clues in it.
 
Well worth the listen. CLICK HERE FOR ALL OF GOOD STUFF
 
And this podcast is a brilliant resource in general, if you are not subscribed go and jump on it!
 
😎
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Suburb update: Otara, Manukau, Papatoetoe, Otahuhu

🔥Hot off the press! 🔥
 
Suburb update for those of you interested in Otara, Manukau, Papatoetoe, Otahuhu, from the awesome Levani Lum-On!
 
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Donation to an awesome cause!

Check this out team! 😍
 
We have done two charity fundraiser events recently (Property Trader Report) and we have hit our target and been able to buy a tap machine for Chained Dog Awareness! (Some left over too, going to 9-Lives Orphanage)
 
They do an AMAZING job and desperately need support, so they are over the moon with this as these units provide ongoing cashflow to them.
 
Thank you to all of you who supported these events, we had brilliant feedback from them and we are able to do this now! Too cool!
 
😎😍
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The truth behind the $640,000 profit in Otara

 The truth behind the $640,000 profit in Otara 
 
Well, our client has really stirred up the chat on the news sites last week. 
 
We get it. On the face of it, a $640,000 gross profit in four months seems like an example of wild speculation in a market gone crazy. 
 
But that is not so. Our clients don't speculate. In fact, we loathe speculation. 
 
This client, who we'll call 'Client-J' was not reliant on the market increasing to make a substantial profit from this deal. She calculated it based on knowing the market, knowing how the pieces worked, and being able to see what others couldn't. 
 
The deal had its challenges too, it wasn't all plain sailing, but look at the result!
 
Here's the OneRoof article in case you haven't seen it: Click here 
 
The point is, this result was achieved because of purposeful strategy, not luck or hope. 
 
And look at who the three bidders were:...
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Important: Trusts Update from Monteck Carter Accountants

Original article HERE

What Trustees need to know

The legislation

The new Trust Act modernises trust law and makes significant changes to the way trusts are currently administered in New Zealand. The Act aims to update trust law and make the law accessible to all (not just lawyers). The Act will come into force on 30 January 2021, and will then apply to all existing written trusts, as well as any new written trusts established. It could also apply to statutory trusts or other types of non-express trusts (such as constructive or equitable trusts) if the Court decides that the Act should apply.

Why the change?

The quality of governance and administration of trusts is often well below the standards of other countries. This new law will be targeted towards those that are poorly governed, but it will result in a higher level of scrutiny on all trusts.

Your obligation as a Trustee

From 2021 your duties will be broken down into two types, Mandatory and Default.

Mandatory trustee duties...

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From the frontlines: End of week report for week ending July 31 2020

 
 
The market overall in most centres is extremely strong (we would use the term 'red hot' but it's a bit emotive ) and we are seeing crazy levels of activity!
 
Our clients in Wellington, Christchurch, Whangarei, Tauranga, Hamilton, Dunedin, Hawkes Bay, Palmy, are all reporting the same things, massive interest levels from home-buyers and very strong investment demand as well.
 
At our meeting in Manukau this week with our Advanced Results Team, the owner of the largest Real Estate franchise in South Auckland and several agents from his office ran us through the activity and sales results as we do most weeks, and they are as strong as we've ever seen in over 20 years of investing.
 
Auction rooms so full that 40+ people had to stand outside (see the photo, crikey ), multiple-offer situations on almost everything within a day or two of listing, some with 10+ offers! Agents desperate for stock and not enough coming to market to even closely...
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Select Committee green lights tenancy law reforms

Original Article HERE

Extreme disappointment is the response of property professionals to the Select Committee report on the Government’s proposed tenancy law reforms which was released this week.

Friday, July 10th 2020, 4:58AM 

by Miriam Bell

NZPIF president Andrew King

That’s because the Social Services and Community Select Committee has elected to progress the proposal to remove a landlord’s right to use “no cause” 90-day terminations to end a periodic tenancy agreement.

It has also given the green light to the proposal which requires that fixed-term tenancy agreements become periodic tenancy agreements upon expiry unless both parties agree otherwise.

These particular reforms have been fiercely opposed by property professionals across the board since the Government announced the reforms contained in its Residential Tenancies Amendment Bill.

Property professionals say the reforms skew the balance between investment property owners and...

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Four property investment myths that might stop you succeeding: Graeme Fowler

Original STUFF article here

OPINION: I’ve been an investor for more than 30 years now and house prices are something I’ve never been interested in, or paid much attention to.

I’ve never thought “should I buy now?” because I just read a headline to say that prices in my area are soaring.

So many people ask me: “What do you think the market is going to do?”

My answer for the last 30 years has been fairly consistent: I don’t know. I don’t care. Hopefully prices will drop. Why does it concern you? If you did know what was going to happen, what would you do and why?

 

The idea that you can predict what house prices will do at any point in the “cycle” is one of the myths that catches property investors out.

Here are a few others.

Myth Number One.

Generally, investors think that the big cities such as Auckland, Wellington, Hamilton and Christchurch will be better to invest in because they falsely believe that...

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