Of the many clients we’ve helped arrange funding for over the years one thing has become clear – there is no one best type of investment property.
To be more accurate, there are a lot of “best” types of property – they are the ones that specific borrowers like and are successful with.
Labour leader Andrew Little has warned the big banks to pass on the official cash rate cut made by the Reserve Bank or he will take measures to give them no choice.
According to Little, what was the the point of the OCR “if banks are not going to follow the guidelines?” saying he would consider legislating to force them to pass on reduction, though if he did it would be “with great reluctance and a heavy heart”.
Commercial property investors looking to become part of a syndicate stand to gain greater expert advice as the belt tightens on fund managers.
The Financial Markets Authority (FMA) are entering the final phase of implementing the Financial Markets Conduct Act – a law which is designed to make the financial services industry better serve the interests of the public.
US billionaire David Booth is down under, and he has some investment advice for New Zealanders. Booth is co-founder and chairman of Dimensional Fund Advisors, which manages almost US$400 billion (NZ$600b) of assets.
Here’s his advice: “You ought to be well diversified, invest in low-cost strategies, and you don’t take more risk than you can tolerate.”
Imagine walking through the centre of Auckland and seeing a company such as Spark moving into a building you partly own. Growing numbers of “mum and dad” investors are claiming a stake in big commercial buildings via property investment syndicates.
