1. Investing in Airbnb properties can be attractive due to the high nightly rental they can command for properties in great locations. However, investors need to be aware of all the costs involved. Along with the usual property costs, there can be additional income tax and GST compliance issues (especially if there has been private use), along with several Airbnb provider costs. These can include management fees, transaction fees, booking channel fees, lockbox rental fees, owner stay fees, and cleaning fees. There are also holding costs while the property is empty, which need to be considered, such as rates, insurance, body corporate fees, and loan interest (if the property is financed).

2.  Have you heard about the changes coming to property boundary rules? Currently, small structures such as garden sheds, sleepouts, and garages need to be set back from boundaries by at least the distance of their own height, unless a building consent has been obtained. The minimum distance between single-storey buildings under 10 square metres and a property boundary or other residential building is being removed. The distance is also reduced to 1 metre for single-storey buildings between 10–30 square metres. The changes are expected to become law by the end of the calendar year.

3. I recently read an article by a well-respected author titled “RIP New Zealand’s Mum and Dad Property Investor”. Quite a bold statement to make, I thought, as most of my friends and colleagues could be classed as Mum and Dad investors. Whilst it’s true property investors do have a lot of headwinds in the current market, one of the traits of successful property investors is patience and perseverance.

Note: The content provided above is for general information only and does not constitute personalised financial advice. Please consult a licensed financial adviser before making investment or lending decisions.