Category: Investment

I have written the next month essay report for ’満室経営新聞’(Full rental rooms news). My essay is focusing on the sky rocketed prices of Property in Auckland. It may be a inappropriate period for investing Auckland property because of the prices and policy of the governments or the Central Bank.

My broker gave me the information of the property auction yesterday. I skipped the auction because of the property building. The final price of the Auction was $452,000. It would be the moderate pricing for the property. I am going to take part in another auction next Saturday which property is similar to the property above. I would like to win around $450,000. for the auction.

I tried to find a investment property. I did not conclude the agreement between Seller and myself because of the pricing. The property has a trouble on LIM and asbestos. My agent asked the owner a discount. They refused our offer. I am going to find another project.

Our adviser found asbestos from the insulation materials. Asbestos ware used in this country from 1970 to the mid of 1980. It may cost around NZ$10,000. We, investors, should not ignore these kind of risks.

In disposing the overseas property for Japanese investors, Japanese Tax Authority would scrutinize your movement by using the relationship with other countries tax authority. According to my Japanese tax account, he mentioned about MM2H Malaysian VISA case. Japanese Tax Authority imposed tax on the disposal of oversea assets who sold property when a person lives in Malaysia with MM2H visa.