Thanks mate.
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Thanks mate.
Got a top up today @ 47c very nice.
After tax considerations are the Aussie ones any better than the listed NZ property stocks.
777 , nearly 10% div atm and that is increased if your $A div is converted to $kiwi , maybe .8 of 1% extra.. Read Steves post re 9 posts back re prop trusts in Aus dont pay tax and give distributions. Imp credits help us here of course. cheers
Your yield cannot increase simply changing the currency. Yield is A$ div against A$ share price and NZ$ equivalent div against NZ$ equivalent share price. Same result.
As a large holder in NZ LPT my net yield is 5.46% which grosses up to 8.14% at 33c tax rate. No currency risk and they are mostly taxed under the PIE regime. Your 10% after tax (projected) is going to net you 6.7%. Or you may have to be taxed under the FIF system which may in fact reduce your tax liability.
I don't see much point in going for dividend yield investments off shore. Growth stocks of course are a different beast.
Will have to agree to disagree mate you stick with what you believe, was happy to share with you.
Yep. Each to the own. Cheers
I stick to nz LPTs for the reasons mentioned by 777.
Hi 777 and RRR,
Now don't be too harsh on me as this is my fist post :-)
But I do want to invest in NZ property owning companies.
Can you please tell me what are "NZ LPT's" to which you refer ?
Where do I go to find out what is available here in NZ.
Thanks.
Go to the nzx stock exchange website and trawl thru all the listed prop companies for starters cheers jt