Aaron Tunstall’s Take.

Aaron Tunstall is the managing director of multiple award-winning Impression Real Estate, which specialises in property management and sales and manages over 1500 properties Auckland wide.  THIS IS HIS TAKE. How do you see the next 3 months playing out?I feel the next the 3 months are probably going to be relatively ok. The Government […]

Mortgage Holiday vs Interest Only

There has been huge publicity around the banks launching a mortgage holiday scheme. Should you jump at the opportunity of a holiday? Before you do – make sure you understand what it will mean.  UPDATE 1 APRIL 2020Most banks have now started to refer to the government announced ‘mortgage holiday’ as a mortgage deferral.We appreciate […]

BNZ support options

BNZ has launched its home loan support service. They are handling queries via an application form on their website. Excerpt from BNZ website. Updated 1 April 2020. Support for homeowners You could be eligible for a home loan repayment deferral for up to six months, or ‘interest only’ payments for up to 12 months, if […]

Westpac support options

Westpac has launched its home loan support service. They are handling queries via a ‘application form’ on their website, or via 0800 606 606 BUT the contact centre is very busy so please only call if your next repayment is due within 5 days. Excerpt from Westpac website. Updated 1 April 2020. Westpac has stood […]

Kiwibank support options

Kiwibank has launched its home loan support service. They are handling queries for people who have been financially impacted by Covid-19 via an ‘online application form’ on their website. Excerpt from Kiwibank website. Updated 1 April 2020. Reducing to minimum payments You may be able to reduce your mortgage payments to the minimum required if […]

ANZ support options

ANZ has launched its home loan support service. They are handling queries via a ‘call back form’ on their website. Excerpt from ANZ’s website. Updated 1 April 2020. If you need to relieve the pressure of home loan repayments because of COVID-19, here are some ways we may be able to help:  Reduce your repayments.We […]

ASB support options

ASB has launched its home loan support service. They are handling queries via a ‘form’ on your internet banking, or via phone 0800 272 205. Excerpt from ASB website. Updated 1 April 2020. Access For customers seeking greater access to savings and new credit we have introduced: Access to emergency funds via a 90‐day temporary […]

26 March Press Conference: Tenancies Excerpt

Minister of Finance Grant Robertson provided more detail around tenancies. Key points were: Rent Freezes: Rents are frozen. Increases in rent over the next 6 months are prohibited for any reason. Tenancy Termination: Landlords will be unable to terminate existing tenancies unless limited and specific justified reasons apply. The reasons are: Where the tenant is […]

ANZ Mortgage Holiday

ANZ will be ready to process mortgage holidays from Monday (30th March). Extract: ANZ has assured customers that it is in good financial shape, and says its six month mortgage holidays will be ready to go by Monday. Chief executive Antonia Watson says that borrowers will be able to start applying for the pause in payments […]

Banking update 25 March

Government 6 month mortgage holiday Most banks have now opened an application form on their websites to apply for mortgage holidays – we would recommend going directly to your bank if this is the option you want to take. Note the details are still being worked out and are yet to be fully announced, but […]

Mortgage holiday scheme

The Government, retail banks and the Reserve Bank are today announcing a major financial support package for home owners and businesses affected by the economic impacts of COVID-19. The package will include a six month principal and interest payment holiday for mortgage holders and SME customers whose incomes have been affected by the economic disruption […]

Introducing mortgagehq

Mortgage advisory company to drop iRefi name for mortgagehq branding. Official Press Release Download Here. Nearly five years after launching iRefi Limited will begin trading as mortgagehq. Mortgagehq was originally a spin-off from software startup GetTrail, it is based in East Auckland – you may have seen their branding and ads on the homes.co.nz property […]

Rapid portfolio building

You’ve heard the stories.”I built a 10 property portfolio in 17 months…”To build that fast. You need. Infinite Growth. To rapidly build a portfolio requires a specific lending environment. Perhaps you’ve thought, “that was possible back then. But not now”. During recent years – it has been extremely difficult to establish or grow property portfolios […]

Reduce property ownership costs

Reduce your council rates bill.Reduce what you pay to the bank.Reduce your insurance costs.Reduce your maintenance costs. How to Reduce your Auckland Council Rates Bill Council rates are a tax every property owner has to pay, it is made up of three components: a Uniform Annual General Charge – UAGC (fixed charge)a general ratetargeted rates. […]

The Bright Line Test

The bright-line rule in New Zealand for residential property is very straightforward. It says you’ll pay tax when you buy and sell a residential property within five years unless an exception applies. New Zealand does not have a capital gains tax, but we do have an income tax. If the ird classifies you as buying and selling […]

Rental Yield Calculator

Every property investor worth their weight in salt has a tried and trusty spreadsheet for calculating rental yields. But, chances are the one you are using doesn’t calculate four different yields, and doesn’t look as pretty as this one. So if you want the best rental yield calculator use ours – it is part of our […]

Residential Tenancy Agreement Forms (RTA)

A Tenancy Agreement is a legal contract so please be wary before entering into one. You would be wise to consult your lawyer. If you do want to do it yourself here are a few things to be aware of, and a selection of template forms you can use. Tenancy Agreement Templates from Tenancy Services […]

iRefi Insider School – Mindset

The Mindset for Building an Investment Property Portfolio Okay. So today we’re going to talk about what I think is the most important thing for successful property investing. So I probably have spoken to well over 1500 property investors in the last 3 years in detail, and the thing that I constantly pick up from […]

iRefi Insider School – Exit Strategies

Property investors should sell sometimes. You need an exit strategy. Maybe you’ve been building up your portfolio for 10, 20, 30 years even, and you feel like you’re starting to get some real good traction on building up a base of cash flow producing properties. But what you might still be feeling, even though you’re […]