Wisely done, property investment can be an excellent way of securing a comfortable long term retirement income in New Zealand.
Generally speaking, property is an inflation proof investment which also comes with numerous tax advantages for the canny investor. Horizon Financial can show you how to make the most out of property investment.
Pay off your mortgage faster
We can even show you how investing in a new property can help you pay off your mortgage faster on your first property.
Investment steps for the existing home owner
- Contact Horizon Financial about gaining pre-approval for investment finance. This is a free service and we will advise you on whether to proceed with the following steps, some of which may incur expenses.
- Get your home revalued by a professional valuer. Your equity may be sufficient for a lender to provide pre-approved investment finance.
- Once pre-approval is gained, start shopping around in areas that will give you the best return on your investment.
Reasons for buying investment property include:
- Potential capital gains (capital gains on property are not taxed in NZ)
- Rental return
- Speak to an accountant who has knowledge and experience in investment property matters.
Selection of the right property, in the right area and for the right reasons will ensure good occupancy, good return on investment and good resale potential.
