Raglan Bowls Club life member update

from Raglan Bowling Club

Owning

rental properties has for many decades been a staple investment for Kiwis as a way of funding their retirements. The last 30 years in particular has seen a significant rise in people buying rental properties, sparked by the 1991 Government retreating from providing state housing, encouraging the private sector to fill the gap.

Back in 1991 NZ had a population of 3.5 million people and ‘Housing Corporation New Zealand’ (what eventually become Housing NZ and Kainga Ora) managed 70,000 properties. Fast forward to 2023 and we’ve had a population increase of 1.7 million to 5.2 million people, and Kainga Ora manage only 60,000 properties. And immigration is tracking to a net 100,000 this year alone at a time where house building is slowing down significantly (although not the case here in Raglan!).

Everyone has their own view of property investors/landlords, but love them or hate them

Current government rules mean you need a 35% deposit to purchase an older rental property or a 20% deposit if purchasing a new build rental property. This means that with the equity they have in their home, Ross & Rachel (affordability assumed) could purchase an older rental at a purchase price of no more than $1,185,714 without needing a cash deposit or a new build rental at no more than $2,075,000 purchase price, again with no cash deposit input required. Affordability-wise, they’d have to satisfy the bank that they can afford the new debt, but they do have a new rental income to help support that calculation.

So that’s the big secret of how property investors get their first and subsequent rental properties. Being a property investor isn’t all roses and capital gains however – there are plenty of risks to consider before diving in. Doing your home work is critical and you’ll need an experienced team of professionals including an Accountant, Lawyer, Mortgage Adviser, and Property Manager to make sure you avoid the pitfalls.

* Fictional example and names.

Ross Turner has been playing bowls at Raglan Bowling Club since 1976. His prowess on the green is known Waikato wide.

Ross has won numerous Championship events as evidenced by his more than metre long ribbon full of club championship badges. Ross's contribution to the club, however, goes well beyond his bowling ability. He's an encouraging skip to new bowlers in his team and he is a valued member of the Green Keeping team, taking care of harvesting star weed seed for the natural green each year. Congratulations Rossy and may you have many many years of great bowling ahead of you.

Open Home

RAGLAN 105 Greenslade Road

Harbourside Haven pggwre.co.nz/HAM37718

This stylish, modernized home ticks all the boxes, from its prestigious Greenslade Road, Raglan address with its extensive Northerly harbour views, to its low maintenance private setting, ensuring your piece of paradise.

4 3 1

$1.495M

GST Inclusive

VIEW 1.00-1.45pm, Sunday 16 July

Richard Thomson

M 027 294 8625

E richard.thomson@pggwrightson.co.nz

RURAL | LIFESTYLE | RESIDENTIAL

RAGLAN 3578 State Highway 23

Pretty Productive 38ha pggwre.co.nz/HAM37618

Quality, easy contour, fertile, beautiful, practical, productive and versatile are all words that accurately describe this 38ha property. Located only 6km from Raglan this property can grow almost anything; quality pasture and horticulture with established avocados and citrus orchards nearby to name a few, making this farm suitable for all sorts of opportunities.

2 1

PRICE BY NEGOTIATION

Plus GST (if any)

VIEW By Appointment Only

Richard Thomson

M 027 294 8625

E richard.thomson@pggwrightson.co.nz

WAINGARO 1859 Waingaro Road

Work Hard, Play Hard pggwre.co.nz/HAM36918

1859 Waingaro Road is a private 7ha (more or less) block set amongst native bush and rolling rural countryside. This property has a lovely pocket of native bush and natural springs that could be utilised for stock water. The two bedroom home is nicely positioned in a sunny elevated spot on the property.

WAITETUNA 881b Old Mountain Road

Spectacular Lifestyle pggwre.co.nz/HAM37379

Lifestyle properties of this quality don't come along everyday. This modern, comfortable family home on 1.235ha (more or less) had a lot of thought go into it - the layout works exceptionally well with multiple inside and outside areas to enjoy time alone or with family and guests.

4 2 2

$1.45M

GST Inclusive

VIEW By Appointment Only

Richard Thomson

M 027 294 8625

E richard.thomson@pggwrightson.co.nz

WAITETUNA 11 Parker Access Road

Access Granted pggwre.co.nz/HAM37630

11 Parker Access is an exciting opportunity for those looking for a newly built home in a friendly quiet neighbourhood. Situated on an elevated sunny north facing rise, this quality built and thoughtfully laid out three bedroom home has a huge kitchen, dining and living areas which all flow to a deck built for entertaining.

3 2 2

$1.4M

GST Inclusive

VIEW By Appointment Only

Richard Thomson

M 027 294 8625

E richard.thomson@pggwrightson.co.nz

RAGLAN 154 Hills Road

Prepare to be Impressed pggwre.co.nz/HAM37806

This 10.8ha block (more or less) of flat to rolling contour has a long road frontage and multiple breath-taking possible building sites all with impressive rural and ocean views. This property's location, size and setting is a cut above the usual lifestyle blocks or sections in the ever popular Raglan area.

PRICE BY NEGOTIATION

Plus GST (if any)

VIEW By Appointment Only

Richard Thomson

M 027 294 8625

E richard.thomson@pggwrightson.co.nz

RAGLAN 646 Te Mata Road

Simply Stunning- 3 Titles pggwre.co.nz/HAM37843

Here's your chance to secure 15.0492ha (more or less) of fertile land close to Raglan. The area offers a warm and friendly community, excellent primary school and favourable rainfall for healthy pasture and crops. There are 3 titles here each with a taste of native bush, flat to easy contour, quality soils and amazing views of Mt Karioi.

$1.2M Plus GST (if any)

VIEW By Appointment Only

Richard Thomson

M 027 294 8625

E richard.thomson@pggwrightson.co.nz

WAITETUNA 12B Bush View Drive

Solitude, Serenity and Space pggwre.co.nz/HAM36981

Great views, elevation and a sunny lifestyle on an approximately 2.41ha (more or less) section imbued with nature await you here, up a quiet lane mere minutes (3km) from the Waitetuna community. The 302m2 modern, open plan home has strong architectural lines, making a statement with its full height windows and sunken living areas at the heart of the home.

4 2 2

PRICE BY NEGOTIATION

GST Inclusive

VIEW By Appointment Only

Richard Thomson

M 027 294 8625

E richard.thomson@pggwrightson.co.nz