FAQS

Can I purchase a property with no deposit?

Yes – you can purchase an investment property without a deposit by utilising some of the equity you have in your own home, or in another property that you own. You are only guaranteeing the deposit portion of your investment property, and if you don’t have any equity in your own home, you can always have somebody else guarantee a portion of their equity towards your investment.

Where does propellor find its investment properties?

Propellor Properties is wholly independent, which means we are not aligned to any developer, nor any development. We search all of New Zealand to find what we believe are the best investment properties to suit our Clients. These properties can be anything from free-standing houses, apartments, units and town houses.

How can I be assured that the property is built right?

We like to work with developers that offer a Master Build guarantee on their products. It is important to us that the developers we work with have been around for a long time, they have an excellent reputation and they build a quality product.

We also recommend properties that are very straight-forward in design and are built from high quality, low maintenance, permanent materials that will stand the test of time.

For each property we recommend, we prepare a comprehensive property pack that details the property specifications, plans, elevations, rental appraisals and independent valuations - so our Clients know exactly what they are getting. We are happy for our Clients to have a third party review this information.

How does Propellor get paid?

Our services are completely FREE to our Clients. In fact, we don’t handle any of our Client’s money at all. We simply get paid by the developer once our Client has decided to purchase a property. Through our negotiation with the developer, our Clients can not get that property any cheaper - and we guarantee that !

Can I buy an investment property in New Zealand if I am not a New Zealander or don't live in the country?

Yes – we can certainly help people from overseas purchase an investment property in New Zealand. It is quite straight-forward and we have helped a lot of overseas investors purchase investment properties in New Zealand.

The rules for Stamp Duty and Capital Gains tax are the same for an overseas investor as they are for any New Zealander. We do recommend to all our Clients that they seek independent professional advice from a Solicitor, Accountant, and a Valuer.

Having a chattel valuation done prior to purchasing an investment property is an important part of the taxation process.

We also recommend that our Clients engage the services of a professional property manager so they can be assured that inspections are being regular performed on their investment properties, and they are being provided with the appropriate reports.

Does Propellor offer investment properties with any guaranteed rentals?

Due to our reputation and experience, we have access to a wide range of fantastic rental investment properties throughout New Zealand. Some of these properties are guaranteed to be rented for up to 15 years by the New Zealand Government.

For the investor – they can be assured of no vacancy and they are guaranteed a weekly income – we think that is smart investing!

How do I know what the investment will cost me every year?

We prepare comprehensive 10 year cashflow projections on every property that we recommend to our Clients. This allows them to see exactly what their likely income and outgoings are going to be on that property over that 10 year period.

Am I paying a premium on the investment property for the Propellor service?

Propellor negotiates the best price possible on every property we recommend to our Clients. In fact our Clients could not get these properties any cheaper - and we stake our reputation on that.

We are often able to negotiate other advantages for our Clients – such as guaranteed rentals, and even cash-back payments to our Clients to help them pay their bills.