Name: Webinar: Can You Still Buy An Investment Property? | Videos | Gan Jing World
Uploaded: 2022-05-21T04:00:00.000Z
Duration: 1 h 14 min 29 s
Description: Our recorded replay from our 17th May 2022 webinar. MC: Brett Davies: https://mortgagelab.co.nz/brett-davies/ Accountant: Garreth Collard: https://www.epsomtax... | Videos | Gan Jing World

The Mortgage Lab

https://video3-us-west.cloudokyo.cloud/video/v4/9e/9d/11/9e9d114a-5b23-4f91-a5b0-d542c03676fb/master.m3u8

Our recorded replay from our 17th May 2022 webinar.

MC: Brett Davies: https://mortgagelab.co.nz/brett-davies/
Accountant: Garreth Collard: https://www.epsomtax.com/
Investment Property Specialist: Daniel Carney: https://www.goodlifeadvice.co.nz/
Mortgage Specialist: Rupert Gough

We look at 3 main questions:
1. What has changed in the #investment #property market in the last 12 months?
2. What do the next 12 months look like for the investment property market?
3. What should be considered when buying an investment property at the moment? Is it still worth buying an investment property in this market?

If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.

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3:20 What has changed in the investment property market in the last 12 months? 
Initial comments from Rupert (the mortgage angle)
8:05 Comments from Daniel 
13:12 Comments from Garreth (re the tax impacts)
17:10 Comments on ring-fencing (Garreth)
18:10 Some speculation on 2023
19:00 What do the next 12 months look like for the investment property market?
Initial comments from Daniel
22:00 Will there be more fixed-price and/or turnkey contracts due to bank pressure?
23:20 Concerns from banks re cost overruns (Brett)
24:25 Lending rates won't go up too much more
24:44 Comments from Rupert; OCR rises already factored in by the banks. 
26:39 CCCFA^ changes imminent; what effect?
28:30 What is RBNZ likely to do? LVR changes (probably), DTIs (probably not)
29:28 What are DTIs?
30:35 Are you a doctor? Watch this bit
31:24  Comments from Garreth: Duck Soup*  |  Effect of tax changes on most existing #propertyinvestors; FY22 (12.5% effect from interest phaseout), FY23: 25% etc.
33:41 Should you sell your existing #rentalproperty? Pros and cons
34:40 Caution: your borrowing capacity is likely reduced from what you could buy 5 years ago due to CCCFA
35:50 Don't be scared of paying a bit of tax from your rental income; proceed with caution ie don't rush to sell: get advice first!
37:05 Beware of armchair experts (including your friends)
38:00 Property is always a long-term investment #hodl (Brett)
39:14 What should be considered when buying an investment property at the moment?
39:34 Garreth comments on structure: things have become REALLY complicated for rental property
39:58 Are the days of DIY #rentaltax returns gone? Rupert comments
43:18 Daniel comments
46:00 Remember, we are in it for the long term; beware media hype.
49:05 Rollover relief and effect on Brightline Test explained. Plus some gotchas.
52:52 Does the 2nd purchaser of a #newbuild also get the benefit of a 5-year Brightline period?
56:00 Who should be on your financial #dreamteam?
59:45 LTC vs Trust vs Company vs Personal ownership for investment property?
1:00:10 Trust tax advantages and asset protection benefits
1:01:59 Standard company (not look-through company / LTC)
1:02:28 LTCs (similar to a partnership at tax time); why an LTC is a good structure if you own your own residence
1:04:09 Sole Trader (usually best for single people)
1:04:32 What have clients experienced in renting to Community Housing Providers / CHP (See https://www.youtube.com/watch?v=9c3FG... at the 2:00 minute mark)
1:07:53 Recap
1:10:15 Be careful! Banks classify #newbuildhomes differently from IRD
1:11:11 Beware of paralysis by analysis

^ CCCFA: https://www.consumerprotection.govt.nz/general-help/consumer-laws/credit-contracts-and-consumer-finance-act/

*Groucho Marx in Duck Soup:
Minister: "We need to take up the tax"
Groucho: "I'd like to take up the carpet."
Minister: "I still insist we take up the tax."
Groucho: "He's right - you've gotta take up the tacks before you can take up the carpet."