Property investor, author and consultant Olly Newland explains in this Double Shot Interview why he prefers retail commercial property.
He details how leases with shop owners can be renegotiated and how 'ugly duckling' buildings can be turned around.
He also talks about how higher unemployment creates demand for retail spaces as those with redundancy payouts look to build businesses.
He sees returns of 6.5% to 11% from commercial property, with some tax advantages.
Newland explains some of the problems with commercial property and also sees the government's changes on depreciation of property as "dumb" for investors.
He also says he avoids bank lenders "because the banks are too trigger happy."
"Bankers are soulless in these matters," he says.
He details the issues around the growing area of commercial property syndicates.
"Finding the right property is the problem," he says.
"The main problem with syndicates is once you're into it, how do you get out of it?"
He also talks about the outlook for residential property rents and real house prices.
Olly Newland is a property investor, author and consultant and has his own website.
Your views? We welcome your comments below.
5 Comments
Ask and ye shall receive
Here is our Double Shot from a couple of weeks back with Brian Gaynor
http://www.interest.co.nz/news/gaynor-pins-future-hope-sharemarket-generations-x-y
cheers
Bernard
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