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RUGGED UP for winter

A STEP UP: Under-fl oor heating might be preferred in many a modern home but keeping our feet (at least) as snug as bugs in rugs can still be accomplished the old fashioned way, thanks to new fashions in rug design.

In particular, Rug Society’s Mira, Oscar and Lola designs offer a modern look, whether used as rugs or wall hangings. Seeming to introduce touches of modern art into the home, these rugs show that form and function can work hand-in-hand.

These (and other) pieces from Portugal’s Rug Society are available by contacting the company direct – see rugsociety.eu.

Ketze-ke PLAYS WITH CLAY!

Once again fashion and form come together in a chic setting designed to enhance any table. together in a chic setting designed

Arriving just in time for winter entertaining, the collaboration between Jenny Drury, founder of New Zealand fashion label Ketz-ke, and boutique ceramicist, Yon Kavvas, of Claybird, features a serving plate in two attractive designs – Splat and Drip.

In line with Jenny’s love of hosting, these creations are a stylish combo featuring Claybird’s perfectlyimperfect hand casting and a signature infusion of sand from Waihi Beach. The bold designs are overlaid as a nod to Ketz-ke’s much-loved statement prints. The link to picturesque Waihi Beach is signifi cant Waihi Beach is signifi cant for both Jenny and Yon, each for both Jenny and Yon, each having strong family ties to having strong family ties to the area. The 28cm serving plate is the The 28cm serving plate is the third piece in a series which the third piece in a series which the creatives have devised – the fi rst creatives have devised – the fi rst two pieces, a mug and cake plate, two pieces, a mug and cake plate, sold out quickly.

The new plates are now available The new plates are now available from www.ketzke.com. Each from www.ketzke.com. Each plate is hand cast and hand plate is hand cast and hand painted so numbers are limited. painted so numbers are limited.

EASTCLIFFE ON ORAKEI

RETIREMENT VILLAGE

ENJOY A DEVONSHIRE TEA WITH US AND VISIT OUR NEWLY REFURBISHED SEA VIEW APARTMENT! Tuesday, July 13th, 10am to 2pm.

Available now!

• One and a half bedroom, newly refurbished with stunning sea view apartment in Aotea st, priced at $850,000 • Two sea view apartments in the main building, priced at $530,000

CONTACT US TO VIEW

217 Kupe Street, Orakei, Auckland. Ph: (09) 521 9015 E: receptioneastcliffe@eastcliffe.co.nz www.eastcliffe.co.nz

All occupational licenses for units at the village are secured by a first ranking encumbrance over the village land in favour of the Statutory Supervisor. the Statutory Supervisor.

MORE INVESTMENTS IN CONSTRUCTION EXPECTED

In March 2021, the way property investors are taxed in New Zealand changed. Many of our investors ask how will this impact the types of investments Southern Cross Partners offer?

HEATHER KENTSLEY, investment manager at Southern Cross Partners, talks about these property taxtation changes.

Earlier this year the Government surprised Kiwi property owners with a raft of tax changes. As a result, new builds now have an advantage over buying existing properties for property investors.

The main changes incentivising new builds are:

Extending the bright-line test from fi ve years to ten years for properties subject to a binding agreement dated on or after March 27, 2021. But exclusions apply for all new builds, which are only subject to a fi ve year bright-line test.

Interest deductions on residential property are being phased out. For all residential property acquired on or after March 27 this year interest deductibility will not be allowed from October 1, 2021. Interest on loans for properties acquired before March 27 this year can still be claimed as an expense, but the interest deductions will be phased out from October 1, 2021. An exclusion applies for new builds.

The changes provide a clear indication that the government wants to drive property investors to build new homes, rather than buy up existing properties.

We’re now starting to see the impact of these changes at Southern Cross Partners. But it’s probably just the tip of the iceberg.

As the tax advantage of investing directly in property decreases, more people are asking us about our investments. They see it as a way to have an investment supported by property, without having to buy an investment property. The result of the increase in new build applications we are receiving is a healthy number of new loans available on our investment platform to invest in with rates from 5.00% to 7.00%* (subject to availability)

So as much as changes to taxation for property investors took many by surprise, a few months on it’s easy to see how the market is adapting and that it creates more opportunities for Southern Cross Partners and our investors.

Every investment has risks, so it’s important to understand the risks associated with any investment product. To fi nd out more visit www. southerncrosspartners.co.nz.

Disclaimer: Southern Cross Partners is licenced to provide peer to peer lender lending services under the Financial Markets Conduct Act 2013. This article is general in nature only and has not taken into account any particular person’s objectives or circumstances. We recommend you speak with a fi nancial adviser before making any investment decisions.

Make the most of it.

Get monthly returns from 5.00% p.a.* that make the most of your savings, so you can make the most out of life.

Sometimes it can be hard to balance the need to save for your future, as well as enjoying the adventures that pop up every day. Our unique investment model offers you the flexibility to do both. At Southern Cross Partners, we offer mortgage secured loans that allow investors to pick and choose their level of involvement. With current returns from 5.00% p.a.* paid out monthly. Talk to us today about a new, flexible way to invest, minimum investment $50,000.00.^

To find out more, visit us online at southerncrosspartners.co.nz

* Investment rate subject to change. ^Subject to availability. Southern

Cross Partners Ltd is licensed to provide peer-to-peer lending services under the Financial Markets Conduct Act 2013.

GETTING THE BASE RIGHT BASE RIGHT

KIM REICHE is director of two renovation franchises, runner-up, Franchise of the Year 2019 and had project wins for the People’s Choice 2020 plus Gold, Silver and Bronze awards.

What happens when you bake a cake without knowing what the ingredients should be at that time and you don’t have enough time to bake the cake in the fi rst place? Then you mess up the icing! You end up with a bit of a disaster. Luckily it doesn’t take much to bake another cake.

Apply the same lack of planning, preparation and fi nishing to a renovation and you’ll have a very different disaster on your hands and a very expensive one to boot.

For a successful renovation, it’s critical to get the base right with considered planning, expert preparation, and detailed fi nishing. All require the experience of a professional in order to achieve the stunning result you’re seeking.

Planning is a discipline. It doesn’t come easy, which is why so many of us avoid planning and like jumping into action quickly. It’s also why so many projects fail – poor planning. Successful renovation companies understand that detailed and thorough planning is the fi rst cornerstone to be put in place and it’s defi nitely worth doing well.

As the Boy Scouts motto goes: Be Prepared. Signifi cant effort and skill needs to be invested in the preparation stages of your renovation. After all, it’s no good having a fl oor which looks fabulous at a glance but has subtle yet extremely annoying lumps and bumps that you then need to live with.

The icing on the cake will be your end result. This is where quality fi nishing shines and where the wow factor becomes evident. Do not be tempted to skimp on the fi nishing touches. Instead, showcase the high standard of your renovation through high end paint fi nishes, classy cabinetry, clever lighting and stunning surfaces.

Get all of this right and you can have your cake, and you’ll want to eat it too!

EXPLAINING GSS BONDS

LENDING WITH PURPOSE

Last month Precinct Properties issued the latest “Green bond”* in the New Zealand fi xed income market. Precinct joins a growing list of companies that have opted for this relatively new type of fi nancing. In this article we unpack some key issues around the increasingly common issuance of Green, Social, and Sustainability (GSS) bonds and how they can help investors incorporate responsible investment, sustainability, and Environmental, Social and Governance (ESG) objectives into their fi xed income portfolios.

At the crux of it, money raised through the issue of GSS bonds will all go towards projects that contribute to positive environmental, social, and/or sustainability outcomes.

There are two types of GSS bond: ‘use of proceeds’ bonds and ‘sustainability-linked’ bonds. All of the GSS bonds currently on issue in New Zealand are ‘use of proceeds’ bonds where funds raised are directed towards specifi c projects which have a positive social or environmental benefi t. In contrast to ‘use of proceeds’ bonds, ‘sustainability-linked’ bonds do not fi nance particular projects, but rather the general activities of the bond issuer.

PLACE IN A PORTFOLIO

Investors can have motivations other than fi nancial returns for holding GSS bonds, such as meeting an ESG mandate or to align with their values. With global trends in responsible investment, sustainability, and ESG accelerating at a rapid pace, GSS bonds are one of the few tools available to fi xed income investors, an investor group that has previously had few options when it comes to ESG investing. An understanding of the specifi c features and risks of these bonds will enable investors to decide what place, if any, they may have in their portfolios.

For a no obligation discussion contact your local Forsyth Barr Investment Adviser, Pam Cussen, David Morgan or Mark Steele, on (09) 368 0170 or 0800 367 227, or visit their offi ce at Highbrook Business Park, 60 Highbrook Drive, East Tamaki.

* Forsyth Barr Limited is a Joint Lead Manager to the offer and receives fees for this role including a fee based on the amount of bonds subscribed for by its clients. The offer is only offered to investors resident in New Zealand. Details of the offer are contained in the Terms Sheet. Potential investors should read the Terms Sheet thoroughly.

House overdue for a renovation?

Relax and let Refresh manage the entire project for you, even if you live out of town.

Refresh is your local home renovation specialist – we’re locals who live in the area and can manage your project from start to finish. Refresh Renovations can renovate kitchens and bathrooms right through to complete home renovations. Using our online customer portal you can track your project remotely including specifying products and seeing pictures and videos from site. Talk to us today.

Call Kim to get your project underway

0800 004 600 www.refreshrenovations.co.nz/KimReiche

Local focus, global view

If you are considering your current investment arrangements and want professional local service, backed by leading international and New Zealand research, market data and investment experience call David Morgan, Mark Steele, or Pam Cussen on (09) 368 0170 or visit their office at Highbrook Business Park, 60 Highbrook Drive, East Tamaki.

ENTERING INTO A RELATIONSHIP?

Keen to protect your assets?

ZAID MOHAMMED from Wynyard Wood outlines the importance of Contracting Out Agreements when couples wish to protect their own assets.

Typically, at the end of a de facto relationship or marriage, the general presumption under the Property (Relationships) Act 1976 is that all relationship property (including the family home, family vehicle, furniture and chattels regardless of when or how it was acquired) will be divided equally between the parties who have been living together in a relationship for more than three years.

Often, people don’t want their assets shared, especially if they are bringing into the relationship substantially more assets than the other party. To protect their assets, parties are able to enter into a contracting out agreement (or more commonly referred to as prenup) to determine the ownership and division of their property upon death or separation.

When should you enter into a Contracting Out Agreement?

Talking about what should happen if the relationship ends can often be overwhelming and overly negative, but if your new relationship is becoming serious and you have property you want to protect, it is probably a conversation you should have as soon as possible. Other times when you may also wish to discuss this option is when you purchase your fi rst home and make contributions of unequal amounts or if you have children from a previous relationship and wish to protect their future inheritance.

It is important to note that this process takes time. It is not a process you want to rush because you are getting married or have been in a relationship for three years.

There are certain requirements that must be met for a Contracting Out Agreement to be valid. These are: • The agreement must be in writing and signed by both parties. • Each party must obtain independent legal advice before signing the agreement. • The signature of each party must be witnessed by their lawyer. • The lawyer who witnesses the signature must certify that they have provided independent legal advice as to the effects and implications of the agreement.

For more about entering into a Contracting Out Agreement, call Zaid Mohammed, (09) 969 7903 or at zaid@wynyardwood.co.nz.

LIKE NOW... REALLY?

BILL POTTER — The Maverick Thinker. Global Speaker. Personal Power Coach. Bill has already made personal presentations in 57 countries. http://www.speakers.co.nz/our-speakers/allspeakers/bill-potter/ https://www.youtube.com/watch?v=ToRhF22nARM

Oh, Hello. I’m sure you have read ‘Am I Interesting? Like... really?’ Part 1... in the June issue of our wonderful magazine. The really interesting people will have done so because they would have been interested ... Well done – Part 2, is just for you.

We’ll start with a handful of my ‘Rules for Being Really Interesting’.

Rule 1: ‘Beware of being selfabsorbed’. It will remind you to stay balanced when sharing your space with others. Talk enough about ‘yourself’ to help stimulate others to talk about ‘themselves’. Don’t hog the conversation!

Rule 2: ‘reveal your interestings’. Yes, I created this word... because I can. Kapeesh. This will make both parties even more ‘interesting’ from the exchanged information.

Rule 3: ‘Be an intelligent asker’. Become ‘an awesome listener’. Being an awesome listener, is a deliberate decision. Do it!

Rule 4: ‘Participate in as many interesting activities as possible’. You don’t have to be terrifi c in the chosen activities. Just be in them!

Rule 5: It’s the ‘biggie’. Please pay attention. Hello? ‘Be interested in people’! I know, I know. It’s so simple, it’s embarrassing. Now go have a lie down.

Yet, much social media does the opposite! Dale Carnegie wrote: ‘You can make more friends in two months by becoming interested in other people... than you can in two years by trying to get other people interested in you.’ Now, go out and become even more interesting. Cheers.

Here is a little help: www. independent.co.uk/life-style/ seventeen-ways-become-moreinteresting-person-a8254121.html

My newly upgraded international Course... LeaderSpeak©, is available. It is only for achievers who want to lead and inspire, but who do not feel suffi ciently confi dent to do either yet. My Course is a ‘maverick’ experience, because... I ‘do it differently’. Most Leader courses do not! If you’re courageous, you know what to do. Contact me.

www.duitdammit@gmail.com

THINKING ABOUT PROTECTING YOUR ASSETS?

If your new relationship is becoming serious and you have property you want to protect, a Contracting Out – or Prenup – Agreement is probably a conversation you should have sooner rather than later. Contact Wynyard Wood if you’d like to know more about a Contracting Out Agreement.

wynyardwood.co.nz/prenup Tel. 09 969 0126