Security for the future: your very own freehold strata title property
FREQUENTLY ASKED QUESTIONS
Q. Should my Concrete Money Box be Freehold or Leasehold?
A. Your concrete money box is a freehold unit titled property. This is a stronger tenure than leasehold property where you are subject to rent reviews on the land. Land normally appreciates in value rather than buildings.
Q. How do I Secure my Concrete Money Box with $1000 down?
A. Simply secure with $1000 down with the balance of the deposit from a deposit guarantee secured using equity in your existing home. Conditions apply - ask your sales consultant for full details
Q. Should I look for an on site Building Manager?
A. All Concrete Money Boxes have an on site building manager with building management skills. The building manager ensures the building is maintained to the highest standards to ensure that the underlying value of your Concrete Money Box is maintained.
Q. Should I have a property manager?
A. Yes we recommend that all Concrete Money Box owners appoint an independent property manager to manage all property management issues such as tenancy, rent collection, payment of operating expenses etc.
Q. Why is Location important?
A. Location drives things like tenant demand, rental growth and capital growth. Wellington is an ideal city for tenants, good stable employment, everything is close by so that you can walk to most attractions and there is a high proportion of professional people.
Q. Rental Market
A. For every $1 you put in a tenant will put in $3. Wellington CBD has the strongest rental market in New Zealand. All concrete money boxes have independent rental assessment.
Q. How do I achieve the Best Return on my Concrete Money Box?
A. Tenants have a maximum level of rent they can afford to pay and your concrete money box is designed to match the optimum size and price point to give the best rental and capital return.
Q. Are Facilities like Gym, Pool and Sauna Important?
A. Incorporating shared facilities into the building increases attractiveness to tenants and therefore rents. Shared facilities are maintained by the building manager and the costs spread between all owners. All CONCRETE MONEY BOX properties have a gym, pool and sauna.
Q. What about taxation benefits?(NZ residents)
A. As at June 2010 there are some tax benefits to owning rental property. Currently you may offset loses against your taxable income including repairs and maintenance. You should consult professional legal and technical advisors including tax accountants to assist you with receiving all the benefits available to you.
Q. Is this a short term or long term investment?
A. Property investing must be viewed as a long term proposition. Rentals and capital values rise and fall with the market. Historically over time property has performed extremely well and as such preserved and increased peopleÕs wealth. As rentals increase so does the money box ability to pay off any loans or provide an increased income stream. Once paid off, which takes time, your concrete money box becomes your personal ATM providing you with an income and security of capital growth to preserve your income.
Q. What if I purchased a concrete money box in Wellington around 10 years ago?
A. Using REINZ Wellington apartment sales statistics for the period 2000-2009 and you had purchased an apartment at the median price of $220,000 it would have been worth $380,000 in 2009 an equivalent return to having $160,000 on term deposit at 8.4% per month (assuming a 33% tax rate) over the same period. During the same period Wellington rentals have also increased significantly. www.highyieldpropertyinvestment.co.nz
Q. Who are the Conrad Group of Companies?
A. Since 1994 the Conrad Group have completed over 3000 concrete money boxes in Auckland and Wellington. Conrad is New Zealand owned and operated and is the largest developer of Concrete Money Boxes in New Zealand.
For further information call your Concrete Money Box Specialists.
