Improving the perfect plan
Building a dream home.
The majestic shores of Lake Wakatipu. The perfect setting for a true and inspiring tale about a couple of our clients, the Murphys (not their real names.) Successful sheep and beef farmers from central Southland, they stumbled upon an attractive investment opportunity near Queenstown. A large vacant section with views to die for, in an area becoming increasingly popular. Not a bad buy, they decided.
So the Murphys immediately called their Bank of New Zealand Agribusiness Manager, who promptly paid them a visit. Now, what sets him apart from the competition is his passion for bold new thinking. So he politely suggested they could do better than buying the section they wanted. They could invest in the adjoining section as well, simply by leveraging the available equity they had from their farm.
And the result? Well, having taken their Agribusiness Manager’s advice, the Murphys soon onsold one of the sections – which immediately paid for the other, plus the cost of building a new house on it as well. They’ve since subdivided that section and sold the house – raising enough money to build their dream home on the remaining site, which they can comfortably retire to 100% debt-free.
If you like the sound of all that, give your local Agribusiness Manager a call and they’ll share some bold new thinking with you.
