It isn't when suppliers are held to ransom and the 'competition' is too small to really make a difference.
Getting off the list with one or the other of the big 2 could kill your business.
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Apologies this off topic.
Have considered Wellington real estate too for investment, but a couple things I've recently learnt,
1) banks wont lend on 'company share' ownership which rules out 1st home buyers & anyone without cash or around 80% equity (limits resale value)
and 2) the risk around buildings close to CBD being built on land which doesn't meet insurance earthquake criteria (& understand this is not publicly defined) & risk WLG city council in future expand that area & criteria from present levels meaning what's insurable now may not be sometime in future.
This interesting
How the Government has fuelled rampant increases in wealth
https://democracyproject.nz/2021/07/...he-government/
As i've been saying before in the other thread "1st homeowners are screwed"; the article quotes:
"According to this article, Treasury believe the problem is even worse, saying that 42 per cent of “High Wealth Individuals” “pay less than 10 per cent of their total income in tax. That is lower than the lowest income tax rate which is 10.5 per cent, which income earners pay on income up to $14,000.” Reserve Bank data is also cited to show that “the top 10 per cent of New Zealanders owned 70 per cent of all wealth.”
Treasury has also carried out research to show that “A quarter of all household wealth in New Zealand is concentrated in the hands of the richest 1 per cent”
Not that different in most OECD countries :
US - According to the latest Fed data, the top 1% of Americans have a combined net worth of $34.2 trillion (or 30.4% of all household wealth in the U.S.), while the bottom 50% of the population holds just $2.1 trillion combined (or 1.9% of all wealth).
UK - top 1% own 21% of all household wealth and top 10% own 53% of all household wealth.
Australia - top 1% own 23%, more than the bottom 70% combined.