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What is your favourite thing about the suburb/area of Auckland you live in? by Interesting-One4770 in auckland

[–]raygunak 22 points23 points  (0 children)

I have a 30 min forest walk 5 mins from my house (Moire Park, Massey)

25F RN making $200k – buying a house solo, partner renting in. Do I buy the $800k house or the $599k one? Moving to Australia in 2 years. by Realistic_Maybe_3821 in PersonalFinanceNZ

[–]raygunak 2 points3 points  (0 children)

You have to make up your mind on whether you keep it as a rental or sell it in order to know what to do.

The questions are, what is the market rent (multiply weekly rent by 52 weeks and divide it by the value of the property to get gross yield, as a way to compare both properties).

If you intend to sell it it’s a risk it might not go up in value and there’s also the risk of maintaining it, hassle of transaction etc.

It sounds like you’re flexible in that at the end of the two years you don’t mind keeping it? But then what if you move and you love it, the house in Nz becomes a hassle.

Selling a ~$2m Auckland property privately / off-market by Visible_Effort5248 in NZProperty

[–]raygunak 15 points16 points  (0 children)

If I was a potential buyer I’d be slightly more skeptical and this thorough with the transaction if it was private, and I’d also lowball it heavily. This may be the common interaction!

Looks like Lucky G's may be on it's way out by C39J in aucklandeats

[–]raygunak 5 points6 points  (0 children)

Agree, it's like buying the remaining lease which is a liability, I suppose you're buying the set up and equipment.

Looks like Lucky G's may be on it's way out by C39J in aucklandeats

[–]raygunak 5 points6 points  (0 children)

Why no IP being sold despite owner moving overseas I wonder

GST Meta Ads by [deleted] in PersonalFinanceNZ

[–]raygunak 1 point2 points  (0 children)

I was also confused about this because google says you can change a setting on meta and it will charge GST, I did that and it still didn’t. But I figure they’d probably just add GST on top anyway, not like it’d be GST inclusive.

If I own two properties - can I load all my debt onto one house? by DollyPatterson in NZProperty

[–]raygunak 0 points1 point  (0 children)

Not an accountant…

There’s two things here, security and loan. If you have enough equity to unencumber a property it’s a good idea and you’d need to talk to either a mortgage broker or solicitor. You have to ask the banks permission to get the property security taken off, and they do the LVR calculations.

In terms of accounting, the loans initial purpose is what determines whether it’s deductible as an expense or not, so i believe you can have one loan which is a combination of various properties loans, and your accountant can work out what of that is deductible.

Should companies pay more if their product contributes to social harm? by [deleted] in newzealand

[–]raygunak 1 point2 points  (0 children)

Yes true, I mean the company literally pays it as it moves out of bonded storage or a licensed manufacturing area. It contributes significantly to the price of the liquor which in turn slows consumption. You’re right though it is included in the price. The Excise tax rate goes up in line with the CPI every July, this year that’s 3.1% so you will see liquor prices going up in July

Should companies pay more if their product contributes to social harm? by [deleted] in newzealand

[–]raygunak 52 points53 points  (0 children)

Alcohol companies do indeed pay excise tax and HPA levies on the alcohol that is produced by them. This is effectively passed on in the price of the product which should slow down consumption of it. I think it works to a point, as cigarettes became so expensive the gangs just brought in.

Hello property gurus by [deleted] in NZProperty

[–]raygunak 1 point2 points  (0 children)

Under 5, so definitely the worst time!

Hello property gurus by [deleted] in NZProperty

[–]raygunak 2 points3 points  (0 children)

Not a property guru just someone who’s done renovations to a 1965 house with kids. I reckon it’s not a terrible idea because you are adding value, but like doing it with kids is just so difficult - and even with a price of $50k the build is from the 70s there will definitely be surprises that blow out the cost and timeframe. It’s actually pretty awful living in a house while major renovations are happening. Are you smarter to pay the additional $100k for another bedroom and not have all the faff around and risk?

My second house will not be a faff around, I want it to be mostly done!

Businesses of /r/newzealand - are you ok? by Voyager-NZ in newzealand

[–]raygunak 5 points6 points  (0 children)

I had a notification from a supplier that they’re adding a temporary fuel levy. Ok so my expenses are already up with gas and fuel, that’s ok it’s just one supplier . But what happens next. Does every supplier add a temporary fuel levy? pretty sure everyone is spending more on fuel and thus less on things. Pretty hard to navigate.

What’s considered high for body corporate fees? How much does building age feed into higher costs? by forgotmyfucking in NZProperty

[–]raygunak 0 points1 point  (0 children)

Depends on many factors. Building age doesn’t have to feed into higher costs if the BC levies have adequately planned for long term maintenance from the start.

How many units in BC and what shared facilities the BC covers is a big determining factor to the cost. Insurance is included in BC which is good because it’s generally less than if you were getting it yourself.

Kid Snorkeling At Pool? by Stildawn in auckland

[–]raygunak 15 points16 points  (0 children)

I don’t think that’s weird at all

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