[jo b]

Chaps.

Just wondering if anyone has looked into investements over in NZ or maybe someone is a financial advisor.

We are looking at investing some money in land and are wondering is it more beneficial to buy up small plots with planning permission or buy a huge plot say 20 acres with a view that we could carve it up for houses in years to come for our pension say in 20 years.

I sthere any forecast on growth for NZ population??

Thanks in advance.

Jo

[karltsmith]

Hi Jo b

It costs a lot of money to subdivide a plot of land for development and this year some councils have wised up to the fact that a lot of money is being made by developers and so has increased fees dramatically by intoducing levies. You can't just carve up the land and sell it off for building! It must be surveyed and geological reports must be made in addition to getting planning consents in place, providing access roads and services to the site/subdivisions etc. I'm not saying that money can't be made, I'm sure it can, but it is quite an involved process. You will also be limited by the local planning regulations that stipulate the use of the land and the zoning laws that stiplulate the maximum/minimum area of hard and soft landscaping, area of buildings and maximum height of property. There may also be covenants on the land that place other restrictions on future use that may also affect the future value of the land as they cannot be removed (easily) once you have purchased the land and are written into any titles (freeholds)/fee simple titles) that you plan to sell on.


Regrards Karl. :nice1