Comments on: It’s good that some investors are selling

By: Alana Brown

Alana Brown — Wed, 16 Jun 2010 08:47:41 +0000

As always a paper is sold by it’s headline- what better headline than the budget is effecting property investors,
and they are selling their properties. It has been said that too much debt is in property and it should be invested
in the business section.
So less of the hype and more on the facts.
Some people who are highly geared will feel the pain , some will sell but most will hold.
It’s better than shares or managed funds , and for me I
have control of my retirement fund!
Alan Brown BComm Mint Advisors

By: Christopher

Christopher — Wed, 16 Jun 2010 00:49:28 +0000

Perhaps we can now put a brake on all this unrealistic nonsense about investors being hard done by by the budget, quitting the market and quittting New Zealand for greener (or dusty brown if they had Oz in mind) fields. There is more in the economy influencing peoples’ buying decisions than depreciation and LACQ’s. Buying a property on the basis of making a loss with an over compensatory capital gain is not a good long term strategy – who knows, an enforced capital gains tax after the next election could be next ?

By: Paul

Paul — Tue, 15 Jun 2010 21:00:43 +0000

Agree. Owners that de-leveraged or adjusted rental to improve equity and yeild are in an improved position compared to a few years ago. Having been bitten with shares and so called “professionally managed funds” over the years, I concluded property investment, where you control the asset and add value are best for me!