APIA Blog

CGT on own homes?!

This week's question comes from Pat (paraphrased): I heard something about homes being subject to CGT under the current proposal if it is past a certain size. The property I am thinking of is on 5 acres with approximately 2 acres of grass and the rest in bush. There is no income from the property. Is this correct and wouldn't this affect many life-style type properties? Amanda Watt f... read more

Monday catch up: 2 things we are keeping an eye on this week

Yes, you read that right. Two things only this week. Lets be honest, two major changes to investors' cash-flow are going to be enough to drown out most other headlines for weeks to come! 1. From October onwards if you want to buy an Auckland investment property, you will need to come up with 30% deposit says the Reserve Bank. Straight off the bat the bank bosses are showing the new rule no ... read more

Capital Gain Is A Ponzi Scheme Says Kiyosaki

Robert Kiyosaki calls capital gain a Ponzi Scheme Why? Because you are looking for a bigger idiot to buy something off you at a greater price than you had paid for in the first place. "Capital Gains is like this goose that has laid a golden egg and you eat the goose. Why would you eat the goose?" Unlike property traders, investors are in it for the long haul. Increase your cash... read more