Finance & Strategy Expert

Finance & Strategy
Ask Kris Pederson, director of Kris Pederson Mortgages questions relating to Mortgages, Finance, and Strategy

Kris is a respected commentator on the property and finance markets in New Zealand and overseas. He spends his time working closely with his support team sourcing clients leading edge finance strategies.

Interest deductibility

A asks:

Many years ago we purchased a property in Auckland for $350,000. With the current GV above $570,000, how can we claim tax benefits on the higher value?

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Right time to invest?

Richard asks:

My wife and I (in our late 30s with two young kids) are looking to buy an investment property by using equity on our family home. We have pre-approval from the bank for up to $550,000. This would be our first investment property but our plan is for long term investment and building up a portfolio. Our question is whether it is a good time to buy an investment property in the boom market.

 

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First property decision

Monique asks:

My partner and I are first home buyers in Hamilton. We are both 32 and have a combined deposit of around $140,000 (+ some to spare). We are both open to individual pursuits, however we realise there is more buying power combining our money. Should we invest in our own home in an area with good capital growth or should we focus more on purchasing an investment rental? We are paying $240 total in rent, so we are saving money, and we have the chance to purchase the house for potentially a very good price in around six months. I feel the market is moving too fast to wait though!

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