There are many investment options for people, but Kiwi’s generally still prefer property.

You could argue that we are in a age of uncertainty when it comes to investing in rental stock. Will the rates rise? Will Capital Gains tax be introduced? Is the cost of property up-keep too much? Questioning the wisdom of investing in property is a good thing, and any investment should not be entered into lightly. The mitigating factors for investing in property right now are the continuing low-interest rate environment, steady-to-lower purchase-price potential and tax-treatment which is, at the current time, favourable.

For those that do build a portfolio there is a formula that is tried and true – START. This does not mean that you’ll necessarily be able to buy a rental property tomorrow but starting can mean a lot of different things. Start Planning – see what you can afford now or how you can work toward something you cannot afford right now. Start Saving – there is a deposit to come up with. Start Talking – to people that are going to be supportive and instrumental in achieving you help reach your goal. Start Believing – you can do it.

When we are younger, 5 years seems like an eternity but as you get older you realise how time flies. Being younger and working to get into a house in 5 years is a great first step, from there it might another 3 years to get your first investment property, 2 years more for your second, and so on. This example would give you 3 properties over the course of 10 years. For some it will happen slower, for others quicker, but we have seen time and time again clients who are committed to achieving a portfolio get there. There will always be excuses for not reaching goals and it is rarely an easy road.

Time, the ability to service debt and surrounding yourself with a team who are specialists in different aspects of portfolio building are a winning combination. We’re always here help with the financial aspects of your plans – be the ultimate goal small or large.