Nelson

Ring-fencing

  Inland Revenue has released an “issues paper” on ring-fencing losses. Revenue Minister Stuart Nash says the policy is an effort to “level the playing field” between speculators and investors. Feedback is being... Read more

Client of the month: Seka Electrical

Seka Electrical began in Aug 2015 as a electrical services company based in sunny Nelson. We have quickly proven and established ourselves in the Industrial industry in New Zealand, making strong partnerships and completing projects nationwide. We... Read more

Well-beings and oil wells

It’s been a big week in politics. Last week saw the first reading in Parliament of the Local Government (Community Well-being) Amendment Bill. The purpose of the Bill is to reverse changes made to the Local Government Act in 2012 by the then... Read more

Warning signs and social housing

Interest rates Last week the Reserve Bank left the official cash rate (OCR) unchanged at 1.75 per cent. That was not a surprise, but as is often the case, the commentary was a useful pointer of things to come. Acting Governor Grant Spencer said he... Read more

Tenancy changes ahead

By the end of the year, the new coalition government is likely to have introduced a number of changes to the Residential Tenancies Act intended to “fix” the rental market. The Minister of Housing said he wanted to introduce laws that... Read more

Holiday homes

A recent news report from Stuff had some interesting facts and figures about bachs and coastal property. In the Far North, Homes.co.nz estimates the median value of for all properties in the region to be about $370,000 . But within 100 metres of the... Read more

Mini-budget delivers on promises

The new governments’ mini-budget presented to Parliament on 14 December delivered on Labour’s promise to reverse the legislated tax cuts that were to come into effect on 1 April next year, and instead direct that money into welfare. The... Read more

LVR relaxed and mini budget looms

This week the Reserve Bank announced it has loosened its grip on bank lending, making it a little easier for low deposit house buyers. Acting Reserve Bank Governor, Grant Spencer, said, ‘LVR (Loan Value Ratio) policies have been in place... Read more

High standards imposed by insurance companies

It seems insurance companies are requiring landlords and property managers to be much more vigilant in the way rental property is managed. The implications are that if a rental is not managed in a manner that minimises risks to an insurer, then they... Read more

Nelson: Client of the Year awards

Congratulations to Isaac and Kim Ibbotson from Hometech Solatube Nelson – our client of the year for 2017. We selected them because their product is great, and their service is awesome. Isaac says, ‘We live in a wonderful part of the... Read more